Banco Santander S.A. Has $56.53 Million Stock Holdings in Mastercard Incorporated $MA

Banco Santander S.A. decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 11.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,589 shares of the credit services provider’s stock after selling 12,585 shares during the quarter. Banco Santander S.A.’s holdings in Mastercard were worth $56,525,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. LGT Financial Advisors LLC bought a new stake in Mastercard in the 2nd quarter valued at $25,000. Family Legacy Financial Solutions LLC bought a new stake in Mastercard in the 2nd quarter valued at $26,000. Flaharty Asset Management LLC bought a new stake in Mastercard in the 1st quarter valued at $27,000. Keystone Global Partners LLC bought a new stake in Mastercard in the 1st quarter valued at $31,000. Finally, IMG Wealth Management Inc. bought a new stake in Mastercard in the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

MA opened at $573.72 on Monday. The firm has a market cap of $518.65 billion, a P/E ratio of 38.69, a price-to-earnings-growth ratio of 2.35 and a beta of 0.97. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The business’s fifty day moving average is $579.51 and its 200-day moving average is $566.36.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.10. The company had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.Mastercard’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.50 EPS. Sell-side analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s dividend payout ratio is currently 20.50%.

Insider Buying and Selling at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares in the company, valued at $18,459,294. This represents a 35.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MA has been the subject of several recent research reports. Seaport Res Ptn upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. Citigroup upgraded Mastercard to a “strong-buy” rating in a research note on Thursday. Royal Bank Of Canada boosted their price target on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Morgan Stanley boosted their price target on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $638.96.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.