Bridger Management LLC Raises Stock Holdings in Mastercard Incorporated $MA

Bridger Management LLC raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 287.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 9,310 shares of the credit services provider’s stock after acquiring an additional 6,910 shares during the period. Mastercard makes up approximately 3.1% of Bridger Management LLC’s holdings, making the stock its 17th biggest position. Bridger Management LLC’s holdings in Mastercard were worth $5,232,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Accredited Investors Inc. boosted its holdings in Mastercard by 2.6% in the first quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider’s stock worth $394,000 after purchasing an additional 18 shares during the last quarter. Wealthstream Advisors Inc. lifted its holdings in shares of Mastercard by 2.9% during the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock valued at $347,000 after buying an additional 18 shares during the period. Pinion Investment Advisors LLC boosted its stake in shares of Mastercard by 0.8% in the 2nd quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock worth $1,276,000 after buying an additional 18 shares during the last quarter. KRS Capital Management LLC grew its holdings in shares of Mastercard by 0.6% in the second quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock worth $1,601,000 after acquiring an additional 18 shares during the period. Finally, Nvest Financial LLC increased its position in Mastercard by 1.2% during the second quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock valued at $846,000 after acquiring an additional 18 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MA. UBS Group raised their target price on Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Citigroup upgraded shares of Mastercard to a “strong-buy” rating in a research note on Thursday, October 23rd. Compass Point set a $620.00 target price on shares of Mastercard and gave the company a “neutral” rating in a research report on Friday, October 31st. Macquarie upped their target price on shares of Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Finally, TD Cowen reiterated a “buy” rating and set a $645.00 price target on shares of Mastercard in a research note on Monday, August 11th. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Mastercard has a consensus rating of “Buy” and an average target price of $652.50.

Mastercard Stock Performance

Shares of NYSE MA opened at $537.20 on Tuesday. The stock has a market cap of $482.40 billion, a PE ratio of 36.22, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The firm has a fifty day moving average price of $567.48 and a 200-day moving average price of $570.02. 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 (NYSE:MA) last issued its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, topping the consensus estimate of $4.31 by $0.07. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.53 billion. During the same quarter in the prior year, the firm posted $3.89 EPS. Mastercard’s quarterly revenue was up 16.7% compared to the same quarter last year. Equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Thursday, October 9th were given a dividend of $0.76 per share. The ex-dividend date was Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is currently 19.44%.

Insider Transactions at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the transaction, the chief financial officer directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company 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.