Schnieders Capital Management LLC Buys 200 Shares of Mastercard Incorporated $MA

Schnieders Capital Management LLC boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 8.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,548 shares of the credit services provider’s stock after acquiring an additional 200 shares during the period. Schnieders Capital Management LLC’s holdings in Mastercard were worth $1,432,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. Kingstone Capital Partners Texas LLC bought a new position in Mastercard in the 2nd quarter valued at about $11,421,213,000. Nuveen LLC bought a new stake in shares of Mastercard during the 1st quarter worth approximately $4,238,764,000. Wellington Management Group LLP boosted its position in shares of Mastercard by 38.6% during the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after acquiring an additional 3,765,378 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Mastercard by 3,493.6% in the second quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider’s stock valued at $524,914,000 after acquiring an additional 908,116 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Mastercard by 4.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock valued at $11,015,557,000 after purchasing an additional 907,184 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MA shares. KeyCorp lifted their price target on Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft assumed coverage on Mastercard in a research report on Thursday, July 17th. They issued a “buy” rating and a $650.00 target price on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. TD Cowen restated a “buy” rating and issued a $645.00 price target on shares of Mastercard in a research note on Monday, August 11th. Finally, Wall Street Zen upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a research report on Saturday. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Mastercard has a consensus rating of “Buy” and an average price target of $634.04.

Mastercard Stock Performance

Mastercard stock opened at $561.42 on Monday. The business has a 50 day moving average of $580.22 and a 200-day moving average of $563.50. The company has a market capitalization of $507.53 billion, a P/E ratio of 37.86, a P/E/G ratio of 2.30 and a beta of 0.97. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16.

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

Mastercard Dividend Announcement

The business also recently announced 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 yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.50%.

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.