Mastercard Incorporated (NYSE:MA) Shares Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd increased its stake in shares of Mastercard Incorporated (NYSE:MAGet Rating) by 19.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,540 shares of the credit services provider’s stock after purchasing an additional 22,710 shares during the quarter. Mastercard accounts for 0.8% of IFM Investors Pty Ltd’s holdings, making the stock its 19th largest holding. IFM Investors Pty Ltd’s holdings in Mastercard were worth $49,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of MA. Norges Bank purchased a new stake in Mastercard during the 4th quarter worth about $3,107,220,000. Lone Pine Capital LLC purchased a new stake in Mastercard during the 4th quarter worth about $1,732,927,000. State Street Corp lifted its holdings in Mastercard by 4.4% during the 4th quarter. State Street Corp now owns 35,528,530 shares of the credit services provider’s stock worth $12,766,111,000 after buying an additional 1,511,927 shares during the last quarter. Capital International Investors lifted its holdings in Mastercard by 8.5% during the 4th quarter. Capital International Investors now owns 14,789,616 shares of the credit services provider’s stock worth $5,314,216,000 after buying an additional 1,160,809 shares during the last quarter. Finally, Coatue Management LLC purchased a new stake in Mastercard during the 4th quarter worth about $279,374,000. 74.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 106,326 shares of the company’s stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $327.74, for a total value of $34,847,283.24. Following the sale, the insider now owns 103,841,972 shares in the company, valued at approximately $34,033,167,903.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 318,982 shares of company stock worth $105,338,500 in the last quarter. Company insiders own 0.33% of the company’s stock.

Mastercard Stock Performance

NYSE MA opened at $353.79 on Monday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.95. The business’s 50 day moving average is $335.17 and its two-hundred day moving average is $348.04. Mastercard Incorporated has a 12-month low of $303.65 and a 12-month high of $399.92. The stock has a market capitalization of $344.11 billion, a price-to-earnings ratio of 36.81, a PEG ratio of 1.65 and a beta of 1.04.

Mastercard (NYSE:MAGet Rating) last released its quarterly earnings results on Thursday, July 28th. The credit services provider reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.20. The business had revenue of $5.50 billion for the quarter, compared to analysts’ expectations of $5.26 billion. Mastercard had a return on equity of 133.72% and a net margin of 47.70%. The company’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.95 EPS. Research analysts expect that Mastercard Incorporated will post 10.52 EPS for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 9th. Investors of record on Friday, July 8th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Thursday, July 7th. Mastercard’s dividend payout ratio is currently 20.40%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MA. Piper Sandler reduced their target price on Mastercard from $357.00 to $298.00 and set an “underweight” rating for the company in a report on Wednesday, July 6th. Citigroup reduced their target price on Mastercard from $453.00 to $415.00 in a report on Tuesday, July 26th. The Goldman Sachs Group began coverage on Mastercard in a report on Tuesday, May 17th. They issued a “buy” rating and a $460.00 target price for the company. Susquehanna Bancshares reduced their target price on Mastercard from $430.00 to $400.00 and set a “positive” rating for the company in a report on Friday. Finally, Robert W. Baird reduced their target price on Mastercard from $470.00 to $416.00 in a report on Wednesday, July 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $413.91.

Mastercard Profile

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Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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