Huber Capital Management LLC Increases Holdings in Mastercard Incorporated (NYSE:MA)

Huber Capital Management LLC raised its stake in Mastercard Incorporated (NYSE:MA) by 16.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,409 shares of the credit services provider’s stock after acquiring an additional 1,900 shares during the period. Mastercard makes up 1.3% of Huber Capital Management LLC’s portfolio, making the stock its 23rd biggest position. Huber Capital Management LLC’s holdings in Mastercard were worth $5,916,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Intech Investment Management LLC lifted its position in Mastercard by 15.6% in the 4th quarter. Intech Investment Management LLC now owns 24,452 shares of the credit services provider’s stock valued at $10,429,000 after acquiring an additional 3,306 shares in the last quarter. Brevan Howard Capital Management LP raised its stake in shares of Mastercard by 213.2% in the fourth quarter. Brevan Howard Capital Management LP now owns 8,456 shares of the credit services provider’s stock worth $3,607,000 after purchasing an additional 5,756 shares during the last quarter. Banque Cantonale Vaudoise lifted its holdings in shares of Mastercard by 6.9% during the first 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 in the last quarter. NEOS Investment Management LLC boosted its position in shares of Mastercard by 42.0% during the fourth quarter. NEOS Investment Management LLC now owns 11,724 shares of the credit services provider’s stock valued at $5,000,000 after buying an additional 3,469 shares during the last quarter. Finally, Morningstar Investment Services LLC increased its holdings in Mastercard by 96.8% in the 4th quarter. Morningstar Investment Services LLC now owns 593,789 shares of the credit services provider’s stock worth $253,144,000 after buying an additional 292,064 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Performance

NYSE:MA opened at $492.63 on Friday. The stock has a 50-day moving average price of $466.24 and a 200 day moving average price of $461.15. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $501.80. The stock has a market capitalization of $457.96 billion, a P/E ratio of 39.16, a P/E/G ratio of 1.92 and a beta of 1.10.

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

Mastercard Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 0.54%. The ex-dividend date is Wednesday, October 9th. Mastercard’s payout ratio is currently 20.99%.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 138,000 shares of Mastercard stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total value of $62,540,220.00. Following the sale, the insider now directly owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 138,000 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the sale, the insider now owns 92,152,308 shares in the company, valued at $41,762,504,462.52. The disclosure for this sale can be found here. Insiders sold 605,124 shares of company stock valued at $280,045,189 in the last 90 days. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MA shares. Bank of America raised their price target on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a report on Tuesday. Royal Bank of Canada lifted their target price 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. 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 note on Friday, August 2nd. BNP Paribas downgraded Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a research note on Tuesday, September 3rd. Finally, Compass Point initiated coverage on Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price objective for the company. Five research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $512.08.

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.