Intelligence Driven Advisers LLC Purchases 1,628 Shares of Mastercard Incorporated $MA

Intelligence Driven Advisers LLC raised its stake in Mastercard Incorporated (NYSE:MA) by 50.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,849 shares of the credit services provider’s stock after purchasing an additional 1,628 shares during the quarter. Mastercard makes up about 0.4% of Intelligence Driven Advisers LLC’s portfolio, making the stock its 25th biggest holding. Intelligence Driven Advisers LLC’s holdings in Mastercard were worth $2,725,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. GAMMA Investing LLC increased its holdings in Mastercard by 65,631.5% in the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider’s stock worth $4,508,636,000 after purchasing an additional 8,213,123 shares in the last quarter. Nuveen LLC bought a new stake in shares of Mastercard during the first quarter valued at approximately $4,238,764,000. Wellington Management Group LLP increased its holdings in shares of 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 valued at $7,413,936,000 after acquiring an additional 3,765,378 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Mastercard during the fourth quarter valued at approximately $561,313,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of 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 valued at $11,015,557,000 after acquiring an additional 907,184 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on MA shares. TD Cowen restated a “buy” rating and set a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. UBS Group lifted their target price on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research report on Friday, July 18th. KeyCorp lifted their price target on Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft began coverage on Mastercard in a report on Thursday, July 17th. They set a “buy” rating and a $650.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $630.89.

Mastercard Stock Performance

Shares of MA opened at $586.63 on Wednesday. The company has a market cap of $530.32 billion, a price-to-earnings ratio of 39.56, a P/E/G ratio of 2.39 and a beta of 0.99. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. 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 business’s fifty day simple moving average is $575.44 and its two-hundred day simple moving average is $558.53.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.10. The company had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.Mastercard’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.50 earnings per share. Research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be given a $0.76 dividend. The ex-dividend date is Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is currently 20.50%.

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was 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 in the company, valued at $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Raj Seshadri sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $546.77, for a total value of $601,447.00. Following the transaction, the insider owned 12,921 shares of the company’s stock, valued at $7,064,815.17. This trade represents a 7.85% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,094 shares of company stock valued at $26,521,861. 0.09% of the stock is owned by company insiders.

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.