Mastercard Incorporated $MA Shares Sold by Flossbach Von Storch SE

Flossbach Von Storch SE trimmed its position in Mastercard Incorporated (NYSE:MA) by 0.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 608,204 shares of the credit services provider’s stock after selling 1,185 shares during the period. Mastercard accounts for about 1.4% of Flossbach Von Storch SE’s investment portfolio, making the stock its 25th biggest holding. Flossbach Von Storch SE’s holdings in Mastercard were worth $341,774,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In related news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MA shares. Royal Bank Of Canada lifted their price target on shares of Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a report on Friday, October 31st. Compass Point set a $620.00 target price on shares of Mastercard and gave the stock a “neutral” rating in a report on Friday, October 31st. Macquarie upped their target price on Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a report on Friday, October 31st. The Goldman Sachs Group reiterated a “buy” rating and set a $713.00 price target on shares of Mastercard in a research report on Thursday, October 30th. Finally, Seaport Res Ptn upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $649.26.

Mastercard Trading Down 0.2%

Shares of Mastercard stock opened at $551.98 on Friday. The business has a fifty day simple moving average of $572.24 and a 200-day simple moving average of $569.24. 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 $499.00 billion, a price-to-earnings ratio of 37.22, a price-to-earnings-growth 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 EPS for the quarter, topping the consensus estimate of $4.31 by $0.07. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.53 billion. During the same period in the previous year, the business earned $3.89 earnings per share. Mastercard’s revenue for the quarter was up 16.7% compared to the same quarter last year. On average, equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

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

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.