Cim LLC Grows Stock Holdings in Mastercard Incorporated (NYSE:MA)

Cim LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 39,590 shares of the credit services provider’s stock after purchasing an additional 400 shares during the quarter. Mastercard comprises 2.8% of Cim LLC’s investment portfolio, making the stock its 14th biggest position. Cim LLC’s holdings in Mastercard were worth $18,899,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Belpointe Asset Management LLC grew its holdings in Mastercard by 2.3% in the 4th quarter. Belpointe Asset Management LLC now owns 5,136 shares of the credit services provider’s stock valued at $2,191,000 after buying an additional 115 shares in the last quarter. Edge Capital Group LLC boosted its position in shares of Mastercard by 2.5% during the 4th quarter. Edge Capital Group LLC now owns 3,307 shares of the credit services provider’s stock valued at $1,410,000 after acquiring an additional 80 shares during the last quarter. Capital International Sarl grew its holdings in shares of Mastercard by 7.4% in the fourth quarter. Capital International Sarl now owns 53,959 shares of the credit services provider’s stock valued at $23,014,000 after purchasing an additional 3,739 shares during the period. Capital Research Global Investors increased its position in Mastercard by 4.7% during the fourth quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock worth $5,803,956,000 after purchasing an additional 605,909 shares during the last quarter. Finally, Amussen Hunsaker Associates LLC boosted its holdings in Mastercard by 2.6% in the 4th quarter. Amussen Hunsaker Associates LLC now owns 3,843 shares of the credit services provider’s stock valued at $1,639,000 after purchasing an additional 99 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the transaction, the insider now directly owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related 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 sale, the chief marketing officer now 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 can be accessed through this link. Also, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 92,033,308 shares of the company’s stock, valued at $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 90 days. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MA. Argus upgraded shares of Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. BMO Capital Markets restated an “outperform” rating and issued a $520.00 target price on shares of Mastercard in a research report on Wednesday, August 14th. Citigroup upped their price target on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Evercore ISI cut their price objective on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Finally, 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. Five research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and a consensus price target of $517.22.

Mastercard Stock Performance

Shares of MA opened at $496.19 on Wednesday. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $501.80. The stock has a market capitalization of $461.27 billion, a PE ratio of 39.44, a PEG ratio of 1.96 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a 50-day simple moving average of $472.79 and a 200-day simple moving average of $462.01.

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

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 20.99%.

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.