Achmea Investment Management B.V. Has $41.78 Million Stake in Mastercard Incorporated $MA

Achmea Investment Management B.V. grew its stake in Mastercard Incorporated (NYSE:MA) by 8.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,353 shares of the credit services provider’s stock after purchasing an additional 5,889 shares during the period. Achmea Investment Management B.V.’s holdings in Mastercard were worth $41,782,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. LGT Financial Advisors LLC acquired a new stake in shares of Mastercard during the 2nd quarter valued at about $25,000. Family Legacy Financial Solutions LLC acquired a new stake in shares of Mastercard during the 2nd quarter valued at about $26,000. Flaharty Asset Management LLC acquired a new stake in shares of Mastercard during the 1st quarter valued at about $27,000. Keystone Global Partners LLC acquired a new stake in shares of Mastercard during the 1st quarter valued at about $31,000. Finally, IMG Wealth Management Inc. acquired a new stake in shares of Mastercard during the 2nd quarter valued at about $31,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the transaction, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MA. Cowen reiterated a “buy” rating on shares of Mastercard in a research report on Friday, October 31st. Morgan Stanley set a $665.00 price target on shares of Mastercard and gave the company an “overweight” rating in a research report on Friday, October 31st. TD Cowen restated a “buy” rating and issued a $645.00 price target on shares of Mastercard in a research report on Monday, August 11th. Compass Point set a $620.00 price target on shares of Mastercard and gave the company a “neutral” rating in a research report on Friday, October 31st. Finally, Truist Financial reduced their price target on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a research report on Tuesday. Four investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Mastercard presently has an average rating of “Buy” and an average price target of $647.59.

Mastercard Trading Up 0.1%

MA opened at $553.55 on Thursday. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week 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. The company has a market cap of $500.42 billion, a price-to-earnings ratio of 37.33, a price-to-earnings-growth ratio of 2.27 and a beta of 0.97. The firm has a 50 day simple moving average of $573.88 and a 200 day simple moving average of $568.77.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, beating the consensus estimate of $4.31 by $0.07. The firm had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.53 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.89 earnings per share. On average, sell-side 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 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s dividend payout ratio is 19.44%.

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.