Lone Pine Capital LLC Has $460.38 Million Holdings in Mastercard Incorporated (NYSE:MA)

Lone Pine Capital LLC boosted its position in Mastercard Incorporated (NYSE:MA) by 53.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,043,557 shares of the credit services provider’s stock after buying an additional 363,133 shares during the quarter. Mastercard makes up about 3.7% of Lone Pine Capital LLC’s holdings, making the stock its 16th biggest position. Lone Pine Capital LLC owned about 0.11% of Mastercard worth $460,376,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MA. VitalStone Financial LLC boosted its holdings in Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 45 shares during the period. Westend Capital Management LLC bought a new stake in Mastercard in the 1st quarter valued at $27,000. Palisade Asset Management LLC bought a new stake in Mastercard in the 1st quarter valued at $27,000. Scarborough Advisors LLC bought a new stake in Mastercard in the 4th quarter valued at $28,000. Finally, Beaird Harris Wealth Management LLC bought a new stake in Mastercard in the 4th quarter valued at $30,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on MA. BNP Paribas downgraded shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective for the company. in a report on Tuesday, September 3rd. Piper Sandler raised their price objective on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. William Blair raised shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Citigroup raised their price objective on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Barclays raised their price objective on shares of Mastercard from $530.00 to $536.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Five research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $512.08.

Mastercard Trading Down 2.0 %

MA opened at $487.40 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $450.28 billion, a PE ratio of 38.74, a PEG ratio of 1.96 and a beta of 1.10. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $501.80. The firm has a 50-day moving average price of $468.18 and a two-hundred day moving average price of $461.37.

Mastercard (NYSE:MA) last posted 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. The firm had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. As a group, equities analysts anticipate that Mastercard Incorporated will post 14.29 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the sale, the insider now owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the transaction, the chief financial officer now owns 27,304 shares in the company, valued at $12,423,320. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the transaction, the insider now owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. The disclosure for this sale can be found here. Insiders sold a total of 340,809 shares of company stock worth $159,610,703 in the last quarter. 0.10% of the stock is owned by company insiders.

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.