Robeco Institutional Asset Management B.V. Raises Position in Mastercard Incorporated $MA

Robeco Institutional Asset Management B.V. raised its stake in Mastercard Incorporated (NYSE:MA) by 14.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 864,646 shares of the credit services provider’s stock after purchasing an additional 109,126 shares during the quarter. Mastercard accounts for about 0.8% of Robeco Institutional Asset Management B.V.’s portfolio, making the stock its 16th biggest position. Robeco Institutional Asset Management B.V. owned approximately 0.09% of Mastercard worth $485,879,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Mastercard by 0.5% in the first quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock worth $42,503,787,000 after purchasing an additional 365,537 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Mastercard in the second quarter worth approximately $11,421,213,000. Price T Rowe Associates Inc. MD raised its stake in shares of Mastercard by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock worth $11,015,557,000 after purchasing an additional 907,184 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Mastercard by 38.6% in the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after acquiring an additional 3,765,378 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Mastercard in the first quarter valued at approximately $4,238,764,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Julius Genachowski sold 312 shares of the firm’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the transaction, the director directly owned 8,469 shares of the company’s stock, valued at $4,833,004.23. This trade represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO J. Mehra Sachin sold 17,816 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,391 shares of company stock valued at $20,836,514 over the last ninety days. Corporate insiders own 0.09% of the company’s stock.

Mastercard Price Performance

Shares of NYSE MA opened at $574.40 on Thursday. The stock has a fifty day simple moving average of $579.73 and a two-hundred day simple moving average of $561.01. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The firm has a market cap of $519.26 billion, a price-to-earnings ratio of 38.73, a price-to-earnings-growth ratio of 2.33 and a beta of 0.97. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same period in the prior year, the company earned $3.50 earnings per share. Mastercard’s revenue was up 16.8% compared to the same quarter last year. Analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.50%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MA. Royal Bank Of Canada upped their target price on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Wells Fargo & Company upped their target price on Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a report on Friday, August 1st. TD Cowen reaffirmed a “buy” rating and issued a $645.00 target price on shares of Mastercard in a report on Monday, August 11th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Mastercard in a report on Friday, June 6th. Finally, Morgan Stanley upped their target price on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $630.89.

About Mastercard

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.