Pointe Capital Management LLC Invests $1.37 Million in Mastercard Incorporated $MA

Pointe Capital Management LLC purchased a new stake in Mastercard Incorporated (NYSE:MA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,669 shares of the credit services provider’s stock, valued at approximately $1,371,000.

Other institutional investors also recently modified their holdings of the company. J. Stern & Co. LLP raised its stake in shares of Mastercard by 53,535.0% in the fourth quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock valued at $41,444,231,000 after purchasing an additional 72,461,743 shares in the last quarter. Norges Bank acquired a new stake in Mastercard during the fourth quarter worth $6,705,708,000. Cardano Risk Management B.V. boosted its stake in Mastercard by 861.6% during the fourth quarter. Cardano Risk Management B.V. now owns 4,072,210 shares of the credit services provider’s stock worth $2,324,743,000 after buying an additional 3,648,748 shares in the last quarter. State Street Corp increased its holdings in Mastercard by 2.8% in the 3rd quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock valued at $20,807,283,000 after buying an additional 997,536 shares during the period. Finally, Cibc World Markets Corp acquired a new position in shares of Mastercard in the 4th quarter valued at $497,311,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on MA. Royal Bank Of Canada raised their price objective on shares of Mastercard from $629.00 to $642.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Dbs Bank raised shares of Mastercard to a “moderate buy” rating in a research report on Friday, August 21st. Robert W. Baird raised their price target on shares of Mastercard from $660.00 to $680.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 7th. Keefe, Bruyette & Woods lifted their price objective on Mastercard from $665.00 to $685.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, Morgan Stanley raised their target price on Mastercard from $679.00 to $681.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Five analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $664.71.

Mastercard Price Performance

NYSE:MA opened at $598.35 on Thursday. The firm has a market cap of $524.16 billion, a PE ratio of 32.91, a price-to-earnings-growth ratio of 1.80 and a beta of 0.72. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 3.96. Mastercard Incorporated has a 12 month low of $464.52 and a 12 month high of $601.62. The company’s 50-day moving average price is $545.04 and its two-hundred day moving average price is $518.79.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, beating analysts’ consensus estimates of $4.77 by $0.27. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.The firm had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.08 billion. During the same period last year, the firm posted $4.15 EPS. The business’s revenue was up 14.1% on a year-over-year basis. On average, equities analysts anticipate that Mastercard Incorporated will post 19.86 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Thursday, July 9th were issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, July 9th. Mastercard’s dividend payout ratio is presently 19.14%.

Insider Buying and Selling

In other Mastercard news, insider J. Mehra Sachin sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $572.07, for a total value of $572,070.00. Following the completion of the sale, the insider owned 39,916 shares in the company, valued at approximately $22,834,746.12. This trade represents a 2.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Raj Seshadri sold 1,977 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $529.73, for a total transaction of $1,047,276.21. Following the transaction, the insider owned 16,429 shares in the company, valued at $8,702,934.17. The trade was a 10.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 71,357 shares of company stock valued at $40,637,262 in the last 90 days. 0.09% of the stock is owned by corporate insiders.

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.