Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 23,300 Shares of Mastercard Incorporated $MA

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Mastercard Incorporated (NYSE:MA) by 12.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 211,339 shares of the credit services provider’s stock after acquiring an additional 23,300 shares during the quarter. Mastercard comprises 1.1% of Fjarde AP Fonden Fourth Swedish National Pension Fund’s portfolio, making the stock its 15th largest position. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Mastercard were worth $118,760,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC raised its holdings in Mastercard by 73.2% in the second quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock worth $394,000 after purchasing an additional 295 shares during the period. Ethos Financial Group LLC raised its holdings in Mastercard by 19.5% in the first quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock worth $1,683,000 after purchasing an additional 518 shares during the period. Curio Wealth LLC raised its holdings in Mastercard by 22,400.0% in the second quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock worth $126,000 after purchasing an additional 224 shares during the period. Wheelhouse Advisory Group LLC raised its holdings in Mastercard by 4.4% in the second quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider’s stock worth $751,000 after purchasing an additional 56 shares during the period. Finally, Canandaigua National Trust Co of Florida raised its holdings in Mastercard by 36.4% in the first quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider’s stock worth $380,000 after purchasing an additional 185 shares during the period. 97.28% of the stock is owned by institutional investors.

Mastercard Trading Down 0.4%

Shares of NYSE:MA opened at $571.51 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The company’s fifty day simple moving average is $579.25 and its 200 day simple moving average is $566.75. The firm has a market cap of $516.65 billion, a price-to-earnings ratio of 38.54, a PEG ratio of 2.35 and a beta of 0.97.

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

Mastercard Dividend Announcement

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

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. The trade was a 35.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MA shares. Wall Street Zen upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Robert W. Baird increased their target price on shares of Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Royal Bank Of Canada increased their target price on shares of Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. TD Cowen restated a “buy” rating and set a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Finally, Morgan Stanley raised their price objective on shares of Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $638.96.

Mastercard Company Profile

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.