Andra AP fonden Purchases 13,428 Shares of Mastercard Incorporated $MA

Andra AP fonden grew its position in Mastercard Incorporated (NYSE:MA) by 10.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 139,489 shares of the credit services provider’s stock after buying an additional 13,428 shares during the period. Mastercard makes up about 0.9% of Andra AP fonden’s investment portfolio, making the stock its 13th largest holding. Andra AP fonden’s holdings in Mastercard were worth $69,697,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. J. Stern & Co. LLP boosted its stake in Mastercard by 53,535.0% during the 4th quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock valued at $41,444,231,000 after purchasing an additional 72,461,743 shares during the last quarter. Norges Bank bought a new position in Mastercard during the fourth quarter valued at approximately $6,705,708,000. Cardano Risk Management B.V. lifted its position in Mastercard by 861.6% during the fourth quarter. Cardano Risk Management B.V. now owns 4,072,210 shares of the credit services provider’s stock valued at $2,324,743,000 after purchasing an additional 3,648,748 shares during the period. State Street Corp grew its holdings in shares of Mastercard by 2.8% in the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock worth $20,807,283,000 after acquiring an additional 997,536 shares during the period. Finally, Cibc World Markets Corp bought a new stake in shares of Mastercard in the fourth quarter worth $497,311,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE:MA opened at $547.58 on Tuesday. The stock has a 50-day moving average price of $504.99 and a 200 day moving average price of $515.59. The stock has a market capitalization of $483.83 billion, a P/E ratio of 31.69, a P/E/G ratio of 1.70 and a beta of 0.73. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.77. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The company had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. During the same period in the previous year, the firm earned $3.73 EPS. The firm’s revenue was up 15.8% compared to the same quarter last year. Equities research analysts forecast that Mastercard Incorporated will post 19.62 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, July 9th. Mastercard’s payout ratio is 20.14%.

Insiders Place Their Bets

In other Mastercard news, insider Raj Seshadri sold 4,828 shares of Mastercard stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $525.00, for a total value of $2,534,700.00. Following the sale, the insider directly owned 16,429 shares in the company, valued at approximately $8,625,225. The trade was a 22.71% decrease in their position. The sale 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 business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $540.00, for a total value of $108,000.00. Following the completion of the sale, the insider owned 3,322 shares in the company, valued at $1,793,880. This represents a 5.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 7,005 shares of company stock valued at $3,689,976. 0.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. TD Cowen cut their price target on Mastercard from $671.00 to $664.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Piper Sandler started coverage on shares of Mastercard in a research note on Monday, June 29th. They issued an “overweight” rating and a $597.00 price objective on the stock. Dbs Bank raised shares of Mastercard to a “moderate buy” rating in a report on Friday, March 27th. UBS Group reiterated a “buy” rating on shares of Mastercard in a research note on Thursday, June 25th. Finally, Citigroup decreased their price objective on Mastercard from $735.00 to $675.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Eight analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Mastercard presently has an average rating of “Buy” and a consensus target price of $653.92.

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.