Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Has $6.06 Million Holdings in Mastercard Incorporated $MA

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD reduced its position in Mastercard Incorporated (NYSE:MA) by 1.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 10,780 shares of the credit services provider’s stock after selling 184 shares during the quarter. Mastercard makes up about 1.3% of Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s investment portfolio, making the stock its 25th largest holding. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s holdings in Mastercard were worth $6,061,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of MA. Kingstone Capital Partners Texas LLC acquired a new position in Mastercard in the 2nd quarter worth about $11,421,213,000. Nuveen LLC acquired a new position in Mastercard in the 1st quarter worth about $4,238,764,000. Wellington Management Group LLP increased its position in Mastercard by 38.6% in the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after purchasing an additional 3,765,378 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Mastercard by 3,493.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider’s stock worth $524,914,000 after purchasing an additional 908,116 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock valued at $11,015,557,000 after acquiring an additional 907,184 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on MA. Wells Fargo & Company raised Mastercard to a “strong-buy” rating in a report on Wednesday. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Deutsche Bank Aktiengesellschaft began coverage on Mastercard in a report on Thursday, July 17th. They set a “buy” rating and a $650.00 price objective on the stock. Finally, Truist Financial lowered their price objective on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $638.00.

Mastercard Stock Performance

MA opened at $573.59 on Friday. The firm has a market capitalization of $518.53 billion, a P/E ratio of 38.68, a price-to-earnings-growth ratio of 2.34 and a beta of 0.97. The stock’s 50 day moving average price is $579.67 and its two-hundred day moving average price is $564.74. 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.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same quarter last year, the firm posted $3.50 EPS. The company’s revenue was up 16.8% on a year-over-year basis. On average, equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.50%.

Mastercard 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.