ABC Arbitrage SA Has $2.40 Million Stock Position in Mastercard Incorporated $MA

ABC Arbitrage SA raised its position in Mastercard Incorporated (NYSE:MA) by 152.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,267 shares of the credit services provider’s stock after buying an additional 2,578 shares during the period. ABC Arbitrage SA’s holdings in Mastercard were worth $2,398,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Brighton Jones LLC raised its position in Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after purchasing an additional 2,028 shares during the last quarter. BluePointe Capital Management LLC grew its holdings in shares of Mastercard by 51.5% during the first quarter. BluePointe Capital Management LLC now owns 727 shares of the credit services provider’s stock worth $399,000 after purchasing an additional 247 shares during the last quarter. ESG Planning DBA Harper Investing increased its stake in shares of Mastercard by 30.9% in the first quarter. ESG Planning DBA Harper Investing now owns 2,972 shares of the credit services provider’s stock valued at $1,629,000 after buying an additional 701 shares in the last quarter. GPM Growth Investors Inc. raised its holdings in shares of Mastercard by 3.9% in the first quarter. GPM Growth Investors Inc. now owns 591 shares of the credit services provider’s stock valued at $324,000 after buying an additional 22 shares during the last quarter. Finally, Wealthfront Advisers LLC lifted its position in Mastercard by 4.2% during the 1st quarter. Wealthfront Advisers LLC now owns 97,226 shares of the credit services provider’s stock worth $53,292,000 after buying an additional 3,925 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Cowen reissued a “buy” rating on shares of Mastercard in a research note on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft began coverage on Mastercard in a research note on Thursday, July 17th. They issued a “buy” rating and a $650.00 target price for the company. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Finally, Truist Financial lowered their price objective on Mastercard from $638.00 to $630.00 and set a “buy” rating for the company in a research report on Tuesday, November 4th. Four research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $649.26.

Insider Transactions at Mastercard

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

Mastercard Stock Up 0.9%

Mastercard stock opened at $557.93 on Wednesday. The firm has a market capitalization of $504.38 billion, a price-to-earnings ratio of 37.62, a PEG ratio of 2.27 and a beta of 0.92. The company’s 50 day simple moving average is $570.69 and its 200 day simple moving average is $569.80. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. The company 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% compared to the same quarter last year. During the same quarter last year, the firm posted $3.89 earnings per share. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Thursday, October 9th were given a $0.76 dividend. 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 0.5%. Mastercard’s 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.