Itau Unibanco Holding S.A. Has $394,000 Holdings in Mastercard Incorporated $MA

Itau Unibanco Holding S.A. lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 97.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 701 shares of the credit services provider’s stock after selling 26,363 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in Mastercard were worth $394,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. ORG Partners LLC lifted its stake in Mastercard by 73.2% in the second quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock valued at $394,000 after acquiring an additional 295 shares during the last quarter. Ethos Financial Group LLC raised its holdings in shares of Mastercard by 19.5% during the 1st quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock valued at $1,683,000 after purchasing an additional 518 shares in the last quarter. Curio Wealth LLC lifted its stake in shares of Mastercard by 22,400.0% in the 2nd quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock valued at $126,000 after purchasing an additional 224 shares during the last quarter. Wheelhouse Advisory Group LLC boosted 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 in the last quarter. Finally, SeaBridge Investment Advisors LLC boosted its holdings in Mastercard by 4.3% in the second quarter. SeaBridge Investment Advisors LLC now owns 6,463 shares of the credit services provider’s stock worth $3,632,000 after purchasing an additional 264 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO J. Mehra Sachin sold 17,816 shares of the company’s stock in a transaction dated 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 of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MA shares. UBS Group raised their target price on Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a report on Friday, October 31st. Macquarie raised their price objective on Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. TD Cowen restated a “buy” rating and issued a $645.00 target price on shares of Mastercard in a report on Monday, August 11th. The Goldman Sachs Group reiterated a “buy” rating and set a $713.00 price target on shares of Mastercard in a report on Thursday, October 30th. Finally, 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. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Mastercard currently has an average rating of “Buy” and a consensus price target of $652.50.

Mastercard Stock Performance

Shares of NYSE MA opened at $545.31 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The business’s 50 day moving average is $568.49 and its two-hundred day moving average is $570.09. The company has a market cap of $489.68 billion, a P/E ratio of 36.77, a P/E/G ratio of 2.27 and a beta of 0.92. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.31 by $0.07. The company had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.Mastercard’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business earned $3.89 earnings per share. On average, equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Thursday, October 9th were given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.6%. The ex-dividend date was Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 19.44%.

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.