Mastercard Incorporated $MA is Triodos Investment Management BV’s 5th Largest Position

Triodos Investment Management BV lifted its stake in Mastercard Incorporated (NYSE:MA) by 0.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 97,764 shares of the credit services provider’s stock after purchasing an additional 900 shares during the quarter. Mastercard accounts for 4.1% of Triodos Investment Management BV’s portfolio, making the stock its 5th largest position. Triodos Investment Management BV’s holdings in Mastercard were worth $54,938,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Family Legacy Financial Solutions LLC purchased a new stake in shares of Mastercard in the second quarter worth approximately $26,000. Flaharty Asset Management LLC purchased a new stake in shares of Mastercard in the first quarter worth approximately $27,000. Keystone Global Partners LLC purchased a new stake in shares of Mastercard in the first quarter worth approximately $31,000. Hughes Financial Services LLC purchased a new stake in shares of Mastercard in the first quarter worth approximately $34,000. Finally, 1 North Wealth Services LLC purchased a new stake in shares of Mastercard in the first quarter worth approximately $44,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mastercard

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

Mastercard Trading Down 2.2%

Shares of MA stock opened at $563.77 on Friday. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. 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 $581.06 and its two-hundred day moving average is $562.68. The company has a market cap of $509.65 billion, a PE ratio of 38.02, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97.

Mastercard (NYSE:MA) last posted its quarterly earnings data 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. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. During the same period in the prior year, the business earned $3.50 earnings per share. Mastercard’s revenue for the quarter was up 16.8% compared to the same quarter last year. Equities 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 will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be given a $0.76 dividend. 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 is currently 20.50%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MA shares. Wells Fargo & Company increased their price objective on Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. TD Cowen restated a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Wolfe Research set a $655.00 price objective on Mastercard in a report on Monday, June 23rd. Morgan Stanley increased their price objective on Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, Wall Street Zen downgraded Mastercard from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $634.04.

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.