Mastercard Incorporated $MA Shares Sold by AGF Management Ltd.

AGF Management Ltd. trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 16.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,469 shares of the credit services provider’s stock after selling 1,718 shares during the quarter. AGF Management Ltd.’s holdings in Mastercard were worth $4,759,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of MA. Vanguard Group Inc. raised its stake in shares of Mastercard by 0.5% in the first quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock valued at $42,503,787,000 after acquiring an additional 365,537 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in Mastercard during the 2nd quarter worth $11,421,213,000. Price T Rowe Associates Inc. MD increased its holdings in Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock worth $11,015,557,000 after purchasing an additional 907,184 shares during the period. Wellington Management Group LLP raised its position in Mastercard by 38.6% in the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after purchasing an additional 3,765,378 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in Mastercard in the 1st quarter valued at about $4,238,764,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Price Performance

Shares of NYSE:MA opened at $551.98 on Monday. The firm has a market capitalization 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 debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The business’s 50 day simple moving average is $572.24 and its 200-day simple moving average is $569.51. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. The firm had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.Mastercard’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.89 EPS. As a group, equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is presently 19.44%.

Wall Street Analyst Weigh In

MA has been the subject of several recent analyst reports. Morgan Stanley set a $665.00 price objective on shares of Mastercard and gave the stock an “overweight” rating in a research report on Friday, October 31st. Deutsche Bank Aktiengesellschaft initiated coverage on Mastercard in a research note on Thursday, July 17th. They issued a “buy” rating and a $650.00 price target on the stock. UBS Group lifted their price target on Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, October 31st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $713.00 price objective on shares of Mastercard in a research report on Thursday, October 30th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $649.26.

Insider Buying and Selling

In related news, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. The trade was a 35.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

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.