Mastercard Incorporated $MA is Investidor Profissional Gestao de Recursos Ltda.’s 5th Largest Position

Investidor Profissional Gestao de Recursos Ltda. grew its holdings in Mastercard Incorporated (NYSE:MA) by 36.2% during the second quarter, HoldingsChannel.com reports. The fund owned 24,064 shares of the credit services provider’s stock after purchasing an additional 6,399 shares during the quarter. Mastercard makes up about 6.9% of Investidor Profissional Gestao de Recursos Ltda.’s portfolio, making the stock its 5th biggest holding. Investidor Profissional Gestao de Recursos Ltda.’s holdings in Mastercard were worth $13,523,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. LGT Financial Advisors LLC acquired a new position in shares of Mastercard during the second quarter worth about $25,000. Family Legacy Financial Solutions LLC acquired a new position in Mastercard during the 2nd quarter worth approximately $26,000. Flaharty Asset Management LLC purchased a new position in Mastercard in the 1st quarter worth approximately $27,000. Keystone Global Partners LLC purchased a new position in Mastercard in the 1st quarter worth approximately $31,000. Finally, IMG Wealth Management Inc. purchased a new stake in shares of Mastercard during the second quarter valued at approximately $31,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Down 1.7%

Shares of Mastercard stock opened at $527.63 on Wednesday. The business has a 50-day moving average price of $566.34 and a 200 day moving average price of $569.80. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The firm has a market cap of $473.81 billion, a P/E ratio of 35.58, a P/E/G ratio of 2.27 and a beta of 0.92. 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 (NYSE:MA) last issued its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, beating 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 business had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.53 billion. During the same period in the previous year, the business earned $3.89 EPS. The business’s quarterly revenue was up 16.7% on a year-over-year basis. On average, sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. The trade was a 35.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MA. Macquarie boosted their target price on shares of Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Wall Street Zen upgraded Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. The Goldman Sachs Group reissued a “buy” rating and issued a $713.00 price target on shares of Mastercard in a report on Thursday, October 30th. Truist Financial dropped their price objective on Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a report on Tuesday, November 4th. Finally, KeyCorp reiterated an “overweight” rating and set a $665.00 target price on shares of Mastercard in a research note on Wednesday, October 22nd. Four analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $652.50.

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.