Mastercard Incorporated $MA Holdings Cut by Charles Lim Capital Ltd

Charles Lim Capital Ltd reduced its position in Mastercard Incorporated (NYSE:MA) by 37.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,500 shares of the credit services provider’s stock after selling 22,500 shares during the period. Mastercard makes up about 5.3% of Charles Lim Capital Ltd’s holdings, making the stock its 7th biggest holding. Charles Lim Capital Ltd’s holdings in Mastercard were worth $21,073,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. LGT Financial Advisors LLC purchased a new stake in Mastercard during the 2nd quarter worth approximately $25,000. Family Legacy Financial Solutions LLC acquired a new stake in shares of Mastercard during the second quarter worth approximately $26,000. Flaharty Asset Management LLC bought a new stake in shares of Mastercard in the first quarter worth $27,000. Keystone Global Partners LLC acquired a new stake in Mastercard in the first quarter valued at $31,000. Finally, IMG Wealth Management Inc. acquired a new stake in Mastercard in the second quarter valued at $31,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Compass Point set a $620.00 price objective on shares of Mastercard and gave the stock a “neutral” rating in a report on Friday, October 31st. 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, November 4th. Robert W. Baird boosted their price objective on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Citigroup upgraded Mastercard to a “strong-buy” rating in a research note on Thursday, October 23rd. Finally, Royal Bank Of Canada increased their target price on Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $652.50.

Mastercard Stock Down 0.2%

NYSE:MA opened at $545.56 on Thursday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a 50 day moving average of $560.52 and a 200-day moving average of $568.64. The firm has a market capitalization of $489.91 billion, a PE ratio of 36.79, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.53 billion. During the same period in the prior year, the business earned $3.89 EPS. The firm’s revenue was up 16.7% on a year-over-year basis. Analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

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

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction 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 $18,459,294. The trade was a 35.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.09% of the stock is owned by company insiders.

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.