Susquehanna Fundamental Investments LLC Purchases 73,870 Shares of Mastercard Incorporated (NYSE:MA)

Susquehanna Fundamental Investments LLC increased its position in Mastercard Incorporated (NYSE:MA) by 1,211.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 79,970 shares of the credit services provider’s stock after buying an additional 73,870 shares during the period. Mastercard comprises approximately 0.8% of Susquehanna Fundamental Investments LLC’s holdings, making the stock its 14th largest position. Susquehanna Fundamental Investments LLC’s holdings in Mastercard were worth $35,280,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MA. Brevan Howard Capital Management LP boosted its holdings in shares of Mastercard by 213.2% during the 4th quarter. Brevan Howard Capital Management LP now owns 8,456 shares of the credit services provider’s stock valued at $3,607,000 after purchasing an additional 5,756 shares during the last quarter. Banque Cantonale Vaudoise boosted its holdings in shares of Mastercard by 6.9% during the 1st quarter. Banque Cantonale Vaudoise now owns 41,250 shares of the credit services provider’s stock valued at $19,865,000 after purchasing an additional 2,676 shares during the last quarter. NEOS Investment Management LLC boosted its holdings in shares of Mastercard by 42.0% during the 4th quarter. NEOS Investment Management LLC now owns 11,724 shares of the credit services provider’s stock valued at $5,000,000 after purchasing an additional 3,469 shares during the last quarter. Morningstar Investment Services LLC boosted its holdings in shares of Mastercard by 96.8% during the 4th quarter. Morningstar Investment Services LLC now owns 593,789 shares of the credit services provider’s stock valued at $253,144,000 after purchasing an additional 292,064 shares during the last quarter. Finally, First Trust Direct Indexing L.P. boosted its holdings in shares of Mastercard by 14.2% during the 1st quarter. First Trust Direct Indexing L.P. now owns 20,552 shares of the credit services provider’s stock valued at $9,897,000 after purchasing an additional 2,556 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

MA has been the subject of several research reports. Bank of America increased their price objective on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Barclays upped their target price on shares of Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Piper Sandler upped 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. BNP Paribas lowered shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective on the stock. in a research report on Tuesday, September 3rd. Finally, TD Cowen increased their price objective on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Five analysts have rated the stock with a hold rating, twenty have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $513.70.

Insider Transactions at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the 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 sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 90,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the sale, the insider now owns 91,649,308 shares in the company, valued at $42,965,195,590.40. The disclosure for this sale can be found here. Insiders sold 340,809 shares of company stock valued at $159,610,703 over the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Mastercard Trading Up 0.4 %

Shares of Mastercard stock opened at $493.34 on Friday. The firm has a 50-day simple moving average of $470.79 and a two-hundred day simple moving average of $461.94. The company has a market cap of $458.62 billion, a P/E ratio of 39.22, a price-to-earnings-growth ratio of 1.96 and a beta of 1.10. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $501.80. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts predict that Mastercard Incorporated will post 14.29 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be paid 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 dividend yield of 0.54%. Mastercard’s dividend payout ratio is currently 20.99%.

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.