Oliver Luxxe Assets LLC Purchases New Position in Mastercard Incorporated (NYSE:MA)

Oliver Luxxe Assets LLC purchased a new stake in Mastercard Incorporated (NYSE:MA) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 419 shares of the credit services provider’s stock, valued at approximately $202,000.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Mastercard in the fourth quarter valued at approximately $4,595,559,000. International Assets Investment Management LLC grew its position in shares of Mastercard by 43,445.1% in the fourth quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock valued at $1,252,525,000 after purchasing an additional 2,929,940 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Mastercard by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock valued at $32,096,470,000 after purchasing an additional 742,076 shares in the last quarter. Capital International Investors grew its position in shares of Mastercard by 3.3% in the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock valued at $8,974,478,000 after purchasing an additional 676,452 shares in the last quarter. Finally, Capital Research Global Investors grew its position in shares of Mastercard by 4.7% in the fourth 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 purchasing an additional 605,909 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. TD Cowen assumed coverage on Mastercard in a research report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price target for the company. Evercore ISI decreased their price objective on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Mizuho decreased their price objective on Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Piper Sandler assumed coverage on Mastercard in a report on Monday, May 13th. They issued an “overweight” rating and a $531.00 price objective on the stock. Finally, Robert W. Baird upped their price objective on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $496.91.

Insider Activity at Mastercard

In related news, major shareholder Foundation Mastercard sold 109,000 shares of the stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $462.78, for a total value of $50,443,020.00. Following the transaction, the insider now owns 96,996,308 shares of the company’s stock, valued at $44,887,951,416.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, major shareholder Foundation Mastercard sold 109,000 shares of the stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $462.78, for a total value of $50,443,020.00. Following the transaction, the insider now owns 96,996,308 shares of the company’s stock, valued at $44,887,951,416.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Raj Seshadri sold 5,216 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $446.71, for a total value of $2,330,039.36. Following the completion of the transaction, the insider now directly owns 15,183 shares in the company, valued at approximately $6,782,397.93. The disclosure for this sale can be found here. Insiders have sold 3,163,228 shares of company stock valued at $1,428,540,870 over the last quarter. 0.10% of the stock is owned by insiders.

Mastercard Stock Down 0.8 %

Mastercard stock opened at $437.61 on Tuesday. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00. The stock’s fifty day simple moving average is $451.50 and its 200-day simple moving average is $453.31. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $406.81 billion, a P/E ratio of 34.79, a P/E/G ratio of 1.72 and a beta of 1.09.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same quarter in the prior year, the company earned $2.80 earnings per share. The company’s revenue was up 10.4% on a year-over-year basis. As a group, equities analysts expect that Mastercard Incorporated will post 14.26 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.60%. The ex-dividend date is Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is presently 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.