Mastercard Incorporated (NYSE:MA) Shares Bought by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 2,861.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,193 shares of the credit services provider’s stock after acquiring an additional 10,815 shares during the period. Lighthouse Investment Partners LLC’s holdings in Mastercard were worth $4,938,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. VitalStone Financial LLC lifted its position in Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after buying an additional 45 shares during the period. Westend Capital Management LLC purchased a new position in shares of Mastercard in the 1st quarter worth about $27,000. Palisade Asset Management LLC purchased a new stake in shares of Mastercard during the 1st quarter valued at about $27,000. Scarborough Advisors LLC purchased a new stake in shares of Mastercard during the 4th quarter valued at about $28,000. Finally, Beaird Harris Wealth Management LLC purchased a new stake in shares of Mastercard during the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief financial officer now 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 available through this link. 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 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 transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of the company’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 value of $6,114,745.00. Following the completion of the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The disclosure for this sale can be found here. Insiders have sold 340,809 shares of company stock worth $159,610,703 over the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MA. TD Cowen raised their price objective on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Piper Sandler boosted their price objective on 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 Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective for the company. in a research report on Tuesday, September 3rd. Evercore ISI cut their target price on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Finally, Citigroup lifted their target price on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $513.70.

Mastercard Stock Performance

Shares of NYSE MA opened at $493.34 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $458.62 billion, a price-to-earnings ratio of 39.22, a PEG ratio of 1.96 and a beta of 1.10. The stock’s fifty day simple moving average is $470.79 and its 200 day simple moving average is $461.94. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $501.80.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share 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. As a group, sell-side analysts forecast that Mastercard Incorporated will post 14.29 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced 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. 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 (DPR) 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.