Mizuho Markets Cayman LP Sells 4,453 Shares of Mastercard Incorporated $MA

Mizuho Markets Cayman LP lessened its position in Mastercard Incorporated (NYSE:MA) by 90.9% during the 2nd quarter, Holdings Channel reports. The firm owned 445 shares of the credit services provider’s stock after selling 4,453 shares during the quarter. Mizuho Markets Cayman LP’s holdings in Mastercard were worth $229,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MA. Border to Coast Pensions Partnership Ltd increased its stake in shares of Mastercard by 7.3% in the first quarter. Border to Coast Pensions Partnership Ltd now owns 139,844 shares of the credit services provider’s stock valued at $70,089,000 after buying an additional 9,504 shares in the last quarter. Canada Post Corp Registered Pension Plan lifted its position in Mastercard by 6.1% during the 4th quarter. Canada Post Corp Registered Pension Plan now owns 65,414 shares of the credit services provider’s stock worth $37,344,000 after buying an additional 3,768 shares in the last quarter. Marble Wealth LLC bought a new stake in Mastercard during the 4th quarter worth about $1,328,000. Charles Lim Capital Ltd bought a new stake in Mastercard during the 4th quarter worth about $15,699,000. Finally, Gamco Investors INC. ET AL increased its position in Mastercard by 5.4% in the 1st quarter. Gamco Investors INC. ET AL now owns 28,205 shares of the credit services provider’s stock valued at $14,093,000 after acquiring an additional 1,434 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the subject of several research analyst reports. Robert W. Baird boosted their price objective on shares of Mastercard from $660.00 to $680.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 7th. Raymond James Financial reiterated an “outperform” rating and issued a $632.00 price objective on shares of Mastercard in a research report on Friday, July 31st. TD Cowen lifted their target price on Mastercard from $664.00 to $667.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Royal Bank Of Canada boosted their target price on Mastercard from $629.00 to $642.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, Clear Str raised Mastercard to a “strong-buy” rating in a research note on Thursday, July 16th. Five analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $661.93.

Mastercard Price Performance

Mastercard stock opened at $563.01 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 3.96. The firm has a market capitalization of $493.20 billion, a P/E ratio of 30.97, a PEG ratio of 1.71 and a beta of 0.71. The business has a 50-day moving average of $531.91 and a 200-day moving average of $516.78. Mastercard Incorporated has a 1 year low of $464.52 and a 1 year high of $601.77.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, topping the consensus estimate of $4.77 by $0.27. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.08 billion. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. Mastercard’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the firm earned $4.15 EPS. On average, equities analysts anticipate that Mastercard Incorporated will post 19.84 EPS for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Thursday, July 9th were paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, July 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.14%.

Insider Buying and Selling at Mastercard

In other Mastercard news, CEO Michael Miebach sold 15,372 shares of Mastercard stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $575.00, for a total transaction of $8,838,900.00. Following the transaction, the chief executive officer directly owned 93,693 shares in the company, valued at approximately $53,873,475. The trade was a 14.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandra A. Arkell sold 200 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $540.00, for a total value of $108,000.00. Following the sale, the insider directly owned 3,322 shares of the company’s stock, valued at approximately $1,793,880. The trade was a 5.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 62,913 shares of company stock worth $35,769,036 in the last three months. 0.09% of the stock is owned by insiders.

About Mastercard

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.