Clal Insurance Enterprises Holdings Ltd Has $62.48 Million Holdings in Mastercard Incorporated $MA

Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 62.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 125,047 shares of the credit services provider’s stock after acquiring an additional 48,016 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in Mastercard were worth $62,481,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. E Fund Management Hong Kong Co. Ltd. grew its stake in Mastercard by 820.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after buying an additional 41 shares during the last quarter. Strive Financial Group LLC bought a new position in Mastercard in the 4th quarter valued at about $27,000. Hyposwiss Advisors SA bought a new stake in shares of Mastercard during the fourth quarter worth approximately $29,000. Bay Harbor Wealth Management LLC boosted its stake in Mastercard by 54.1% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after purchasing an additional 20 shares during the period. Finally, Lifetime Wealth Management P.C. bought a new stake in Mastercard in the 4th quarter valued at $33,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In related news, insider Raj Seshadri sold 4,828 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $525.00, for a total transaction of $2,534,700.00. Following the transaction, the insider owned 16,429 shares in the company, valued at $8,625,225. The trade was a 22.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandra A. Arkell sold 200 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $540.00, for a total transaction of $108,000.00. Following the transaction, the insider owned 3,322 shares in the company, valued at $1,793,880. This represents a 5.68% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 7,005 shares of company stock worth $3,689,976. 0.09% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MA has been the subject of a number of recent research reports. Piper Sandler began coverage on shares of Mastercard in a research report on Monday, June 29th. They issued an “overweight” rating and a $597.00 target price for the company. Dbs Bank upgraded shares of Mastercard to a “moderate buy” rating in a research note on Friday, March 27th. Barclays began coverage on shares of Mastercard in a report on Wednesday, July 8th. They issued an “overweight” rating and a $640.00 price objective for the company. Truist Financial decreased their target price on shares of Mastercard from $590.00 to $561.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Finally, Royal Bank Of Canada lowered their target price on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Eight analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $653.92.

More Mastercard News

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard and Al Etihad Payments announced the first co-badged Jaywan-Mastercard credit card, a new partnership that could expand Mastercard’s footprint in the UAE and support payment-network volume growth. Al Etihad Payments, Mastercard launch world’s first Jaywan-Mastercard co-badged credit card
• Positive Sentiment: Mastercard was highlighted as a strong momentum stock, reinforcing the view that the company still has favorable fundamental and trading characteristics despite recent weakness. Here’s Why MasterCard (MA) is a Strong Momentum Stock
• Positive Sentiment: Mastercard and Lithic introduced a way to make small-business loan proceeds spend-ready, a payments-adjacent product that could deepen Mastercard’s role in SMB finance workflows. Lithic and Mastercard Make SMB Loans Ready to Spend

Mastercard Stock Performance

Shares of Mastercard stock opened at $537.33 on Wednesday. The company’s 50 day moving average price is $505.73 and its two-hundred day moving average price is $515.35. The firm has a market capitalization of $474.78 billion, a P/E ratio of 31.10, a P/E/G ratio of 1.71 and a beta of 0.73. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, beating the consensus estimate of $4.41 by $0.19. The firm had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the company earned $3.73 earnings per share. On average, equities analysts forecast that Mastercard Incorporated will post 19.62 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, July 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.14%.

About Mastercard

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.