Transatlantique Private Wealth LLC Boosts Holdings in Mastercard Incorporated (NYSE:MA)

Transatlantique Private Wealth LLC increased its holdings in Mastercard Incorporated (NYSE:MA) by 3.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,148 shares of the credit services provider’s stock after purchasing an additional 120 shares during the period. Transatlantique Private Wealth LLC’s holdings in Mastercard were worth $1,816,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MA. VitalStone Financial LLC increased its stake in Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 45 shares during the period. Westend Capital Management LLC bought a new position in shares of Mastercard in the first quarter worth approximately $27,000. Palisade Asset Management LLC purchased a new position in shares of Mastercard in the first quarter worth $27,000. Scarborough Advisors LLC bought a new stake in Mastercard during the 4th quarter valued at $28,000. Finally, Beaird Harris Wealth Management LLC purchased a new stake in Mastercard during the 4th quarter valued at $30,000. Institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 138,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the completion of the sale, the insider now owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Foundation Mastercard sold 138,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider now owns 92,152,308 shares in the company, valued at $41,762,504,462.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of Mastercard 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 directly owns 27,304 shares in the company, valued at $12,423,320. The disclosure for this sale can be found here. Insiders sold 605,124 shares of company stock worth $280,045,189 in the last three months. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Argus upgraded shares of Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Susquehanna boosted their price target on Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a report on Thursday, August 1st. Royal Bank of Canada upped their price target on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Bank of America lifted their price objective on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, William Blair upgraded Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Five analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $512.08.

Mastercard Stock Down 0.1 %

Shares of Mastercard stock opened at $492.63 on Friday. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $501.80. 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 company’s 50 day moving average is $466.24 and its 200 day moving average is $461.15. The company has a market cap of $457.96 billion, a price-to-earnings ratio of 39.16, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10.

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

Mastercard Announces Dividend

The firm also recently declared 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. This represents a $2.64 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio is presently 20.99%.

Mastercard Company 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.