Promethos Capital LLC Has $3.60 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Promethos Capital LLC raised its position in Mastercard Incorporated (NYSE:MA) by 126.6% during the second quarter, Holdings Channel reports. The institutional investor owned 8,493 shares of the credit services provider’s stock after buying an additional 4,745 shares during the quarter. Promethos Capital LLC’s holdings in Mastercard were worth $3,604,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. VitalStone Financial LLC increased its position in Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 45 shares during the period. Westend Capital Management LLC acquired a new stake in shares of Mastercard during the 1st quarter worth approximately $27,000. Palisade Asset Management LLC bought a new stake in shares of Mastercard during the first quarter worth approximately $27,000. Scarborough Advisors LLC acquired a new position in Mastercard in the fourth quarter valued at approximately $28,000. Finally, Beaird Harris Wealth Management LLC bought a new position in Mastercard in the fourth quarter valued at approximately $30,000. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on MA shares. BMO Capital Markets reiterated an “outperform” rating and set a $520.00 target price on shares of Mastercard in a research report on Wednesday, August 14th. KeyCorp upped their price objective on Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Barclays raised their target price on Mastercard from $530.00 to $536.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Argus raised Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Finally, Piper Sandler lifted their price objective on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Five analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $512.08.

Mastercard Stock Performance

Shares of MA opened at $493.01 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $501.80. The firm has a fifty day simple moving average of $465.19 and a 200 day simple moving average of $460.98. The stock has a market capitalization of $458.31 billion, a price-to-earnings ratio of 39.19, a PEG ratio of 1.92 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The company had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. Research analysts forecast that Mastercard Incorporated will post 14.29 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Wednesday, October 9th. Mastercard’s payout ratio is presently 20.99%.

Insider Activity at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. The disclosure for this sale can be found here. Over the last three months, insiders sold 605,124 shares of company stock valued at $280,045,189. 0.10% of the stock is owned by corporate insiders.

Mastercard 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.