16,300 Shares in Mastercard Incorporated $MA Acquired by Elefante Mark B

Elefante Mark B bought a new stake in Mastercard Incorporated (NYSE:MAFree Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 16,300 shares of the credit services provider’s stock, valued at approximately $8,372,000. Mastercard makes up about 3.6% of Elefante Mark B’s investment portfolio, making the stock its 8th biggest position.

Several other hedge funds have also bought and sold shares of the stock. Brighton Jones LLC raised its position in shares of Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after buying an additional 2,028 shares in the last quarter. Schnieders Capital Management LLC. grew its position in Mastercard by 8.5% in the second quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock worth $1,432,000 after acquiring an additional 200 shares in the last quarter. Betterment LLC grew its position in Mastercard by 6.5% in the second quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock worth $532,000 after acquiring an additional 58 shares in the last quarter. Worldquant Millennium Advisors LLC increased its stake in Mastercard by 35.8% in the second quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock valued at $380,548,000 after acquiring an additional 178,387 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in Mastercard in the second quarter valued at $431,000. 97.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MA has been the subject of several research analyst reports. Susquehanna dropped their price target on Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a research note on Friday, May 1st. Truist Financial increased their price objective on Mastercard from $554.00 to $633.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. TD Cowen raised their price objective on Mastercard from $664.00 to $667.00 and gave the company a “buy” rating in a report on Friday, July 31st. The Goldman Sachs Group restated a “buy” rating and issued a $701.00 target price on shares of Mastercard in a research report on Thursday, July 30th. Finally, Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $664.71.

Read Our Latest Stock Analysis on Mastercard

Mastercard Stock Performance

Mastercard stock opened at $598.69 on Wednesday. The firm has a fifty day simple moving average of $542.94 and a two-hundred day simple moving average of $518.46. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 3.96. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $601.62. The company has a market capitalization of $524.46 billion, a PE ratio of 32.93, a P/E/G ratio of 1.80 and a beta of 0.72.

Mastercard (NYSE:MAGet Free Report) last announced its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.77 by $0.27. The firm had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.08 billion. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the firm earned $4.15 earnings per share. Research analysts expect that Mastercard Incorporated will post 19.86 EPS for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Thursday, July 9th were issued a dividend of $0.87 per share. The ex-dividend date was Thursday, July 9th. This represents a $3.48 annualized dividend and a yield of 0.6%. Mastercard’s dividend payout ratio is currently 19.14%.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 200 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $540.00, for a total value of $108,000.00. Following the completion of the sale, the insider owned 3,322 shares in the company, valued at approximately $1,793,880. The trade was a 5.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Raj Seshadri sold 4,828 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $525.00, for a total value of $2,534,700.00. Following the sale, the insider directly owned 16,429 shares of the company’s stock, valued at approximately $8,625,225. This trade represents a 22.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 71,357 shares of company stock worth $40,637,262 over the last quarter. Company insiders own 0.09% of the company’s stock.

Mastercard Profile

(Free Report)

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

See Also

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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