IFM Investors Pty Ltd Has $85.35 Million Stock Holdings in Mastercard Incorporated $MA

IFM Investors Pty Ltd cut its stake in Mastercard Incorporated (NYSE:MA) by 1.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 155,712 shares of the credit services provider’s stock after selling 2,127 shares during the quarter. Mastercard makes up 0.9% of IFM Investors Pty Ltd’s portfolio, making the stock its 16th biggest holding. IFM Investors Pty Ltd’s holdings in Mastercard were worth $85,349,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of MA. GAMMA Investing LLC increased its stake in shares of Mastercard by 65,631.5% in the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider’s stock worth $4,508,636,000 after acquiring an additional 8,213,123 shares during the last quarter. Nuveen LLC acquired a new position in Mastercard during the first quarter worth $4,238,764,000. Wellington Management Group LLP increased its position in Mastercard by 38.6% during the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after buying an additional 3,765,378 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Mastercard during the fourth quarter worth $561,313,000. Finally, Price T Rowe Associates Inc. MD increased 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 worth $11,015,557,000 after buying an additional 907,184 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on MA. 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 research report on Friday, August 1st. Truist Financial lowered their target price on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th. KeyCorp increased their target price on shares of Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Morgan Stanley increased their target price on shares of Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, TD Cowen restated a “buy” rating and set a $645.00 price target on shares of Mastercard in a report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $626.54.

Insider Activity

In other Mastercard news, Director Julius Genachowski sold 312 shares of the firm’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the transaction, the director owned 8,469 shares in the company, valued at $4,833,004.23. This trade represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the firm’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $572.86, for a total transaction of $549,372.74. Following the sale, the insider directly owned 25,540 shares of the company’s stock, valued at approximately $14,630,844.40. The trade was a 3.62% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,481 shares of company stock valued at $32,616,595. 0.09% of the stock is owned by company insiders.

Mastercard Stock Down 0.3%

Shares of MA opened at $584.59 on Wednesday. The stock has a market cap of $528.48 billion, a price-to-earnings ratio of 39.42, a P/E/G ratio of 2.41 and a beta of 0.99. 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 has a 50-day moving average price of $573.50 and a two-hundred day moving average price of $557.87.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. The firm had revenue of $8.13 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the company earned $3.50 earnings per share. Equities analysts predict 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 was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were paid a dividend of $0.76 per share. The ex-dividend date was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. 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.