Madison Asset Management LLC Makes New $752,000 Investment in Mastercard Incorporated $MA
by Kim Johansen · The Markets DailyMadison Asset Management LLC purchased a new stake in Mastercard Incorporated (NYSE:MA – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,465 shares of the credit services provider’s stock, valued at approximately $752,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after purchasing an additional 2,028 shares during the last quarter. Schnieders Capital Management LLC. boosted its stake in shares of Mastercard by 8.5% during the second quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock valued at $1,432,000 after purchasing an additional 200 shares during the period. Betterment LLC grew its holdings in Mastercard by 6.5% in the 2nd quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock worth $532,000 after acquiring an additional 58 shares during the last quarter. Worldquant Millennium Advisors LLC grew its stake in shares of Mastercard by 35.8% in the second quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock worth $380,548,000 after purchasing an additional 178,387 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in shares of Mastercard in the 2nd quarter worth approximately $431,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.
Mastercard Stock Down 0.2%
NYSE MA opened at $598.69 on Wednesday. Mastercard Incorporated has a one year low of $464.52 and a one year high of $601.62. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a 50 day moving average price of $542.94 and a 200-day moving average price of $518.46. The company has a market capitalization of $524.46 billion, a P/E ratio of 32.93, a P/E/G ratio of 1.80 and a beta of 0.72.
Mastercard (NYSE:MA – Get Free Report) last announced its earnings results on Thursday, July 30th. The credit services provider reported $5.04 EPS for the quarter, topping analysts’ consensus estimates of $4.77 by $0.27. The firm had revenue of $9.28 billion during 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 quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.15 EPS. As a group, equities analysts predict that Mastercard Incorporated will post 19.86 EPS for the current fiscal year.
Mastercard Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Thursday, July 9th were issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, July 9th. Mastercard’s payout ratio is presently 19.14%.
Insiders Place Their Bets
In other news, insider J. Mehra Sachin sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $572.07, for a total value of $572,070.00. Following the completion of the sale, the insider owned 39,916 shares of the company’s stock, valued at $22,834,746.12. This trade represents a 2.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $108,000.00. Following the sale, the insider directly owned 3,322 shares in the company, valued at approximately $1,793,880. This represents a 5.68% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 71,357 shares of company stock worth $40,637,262. 0.09% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
MA has been the subject of several research reports. Truist Financial increased their target price on Mastercard from $554.00 to $633.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Barclays upped their target price on shares of Mastercard from $640.00 to $660.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Keefe, Bruyette & Woods increased their price objective on Mastercard from $665.00 to $685.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Morgan Stanley raised their target price on shares of Mastercard from $679.00 to $681.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Finally, Clear Str upgraded Mastercard to a “strong-buy” rating in a research note on Thursday, July 16th. Five analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $664.71.
Get Our Latest Research Report on MA
Mastercard Profile
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.
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