2 weeks Ago By ABMN Staff
Copperwynd Financial LLC boosted its stake in shares of Mastercard Incorporated ( NYSE:MA – Free Report ) by 14.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,817 shares of the credit services provider’s stock after buying an additional 494 shares during the quarter.
Copperwynd Financial LLC’s holdings in Mastercard were worth $1,770,000 as of its most recent SEC filing. Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc.
increased its stake in shares of Mastercard by 0.4% during the first quarter. Vanguard Group Inc.
now owns 75,584,606 shares of the credit services provider’s stock valued at $36,399,279,000 after buying an additional 330,872 shares during the period. Capital International Investors increased its position in Mastercard by 3.3% during the 4th quarter.
Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock valued at $8,974,478,000 after purchasing an additional 676,452 shares during the period. Capital Research Global Investors raised its holdings in shares of Mastercard by 0.3% in the 1st quarter.
Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock valued at $6,574,347,000 after purchasing an additional 43,881 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Mastercard by 1.
4% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,082,729 shares of the credit services provider’s stock worth $2,241,297,000 after purchasing an additional 71,569 shares during the period.
Finally, Canada Pension Plan Investment Board boosted its stake in shares of Mastercard by 2.7% during the second quarter. Canada Pension Plan Investment Board now owns 4,327,168 shares of the credit services provider’s stock valued at $1,908,973,000 after purchasing an additional 113,238 shares in the last quarter.
97.28% of the stock is owned by hedge funds and other institutional investors. Analysts Set New Price Targets A number of equities analysts recently commented on MA shares.
BNP Paribas downgraded shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective for the company. in a research note on Tuesday, September 3rd.
Compass Point assumed coverage on Mastercard in a research note on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price objective for the company.
Piper Sandler lifted their target price on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd.
JPMorgan Chase & Co. increased their price target on shares of Mastercard from $500.00 to $570.
00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Finally, Bank of America lifted their price objective on shares of Mastercard from $480.00 to $509.
00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Five research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $513.
70. Insider Transactions at Mastercard In related news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction that occurred on Monday, August 5th.
The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00.
Following the completion of the transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . In other Mastercard news, CFO J.
Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.
00. Following the completion of the transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link .
Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.
86, for a total transaction of $2,294,994.10. Following the sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.
66. The disclosure for this sale can be found here . Insiders have sold 340,809 shares of company stock worth $159,610,703 over the last quarter.
0.10% of the stock is currently owned by insiders. Mastercard Stock Performance MA opened at $493.
64 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.
14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a 12-month low of $359.
77 and a 12-month high of $501.80. The firm has a 50 day moving average of $470.
79 and a two-hundred day moving average of $461.86. The firm has a market capitalization of $458.
90 billion, a PE ratio of 39.24, a P/E/G ratio of 1.96 and a beta of 1.
10. Mastercard ( NYSE:MA – Get Free Report ) last issued its earnings results on Wednesday, July 31st. The credit services provider reported $3.
59 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.08.
The firm had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion.
Mastercard had a net margin of 46.45% and a return on equity of 179.78%.
On average, analysts anticipate that Mastercard Incorporated will post 14.29 EPS for the current year. Mastercard Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th.
Stockholders of record on Wednesday, October 9th will be issued a $0.66 dividend. The ex-dividend date is Wednesday, October 9th.
This represents a $2.64 annualized dividend and a dividend yield of 0.53%.
Mastercard’s dividend payout ratio (DPR) is presently 20.99%. About Mastercard ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated ( NYSE:MA – Free Report ).
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