Point72 Hong Kong Ltd Has $8.78 Million Holdings in Mastercard Incorporated (NYSE:MA)

Point72 Hong Kong Ltd raised its holdings in Mastercard Incorporated (NYSE:MA) by 160.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,900 shares of the credit services provider’s stock after buying an additional 12,246 shares during the period. Point72 Hong Kong Ltd’s holdings in Mastercard were worth $8,779,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MA. Swedbank AB acquired a new stake in Mastercard during the 1st quarter valued at $660,652,000. PineStone Asset Management Inc. raised its position in shares of Mastercard by 145.6% in the second quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock valued at $784,148,000 after purchasing an additional 1,053,616 shares during the period. Vanguard Group Inc. lifted its stake in shares of Mastercard by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock worth $32,096,470,000 after buying an additional 742,076 shares during the last quarter. Capital International Investors boosted its holdings in shares of Mastercard by 3.3% during the 4th quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock worth $8,974,478,000 after buying an additional 676,452 shares during the period. Finally, Capital Research Global Investors grew its stake in Mastercard by 4.7% in the 4th quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock valued at $5,803,956,000 after buying an additional 605,909 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MA. Susquehanna boosted their price objective on Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. BNP Paribas downgraded Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target for the company. in a research note on Tuesday, September 3rd. Evercore ISI lowered their price objective on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Piper Sandler boosted their target price on shares of Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada raised their price target on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Five analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $512.08.

Mastercard Stock Down 2.0 %

MA stock opened at $487.40 on Wednesday. The firm has a 50-day moving average price of $468.18 and a 200-day moving average price of $461.37. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $501.80. 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 P/E ratio of 38.74, a price-to-earnings-growth ratio of 1.96 and a beta of 1.10.

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

Mastercard Announces Dividend

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

Insiders Place Their Bets

In other news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the transaction, the chief financial officer now owns 27,304 shares in the company, valued at approximately $12,423,320. The disclosure for this sale can be found here. Insiders sold a total of 340,809 shares of company stock valued at $159,610,703 in the last 90 days. Corporate insiders own 0.10% 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.