Mastercard Incorporated (NYSE:MA) Shares Acquired by Troy Asset Management Ltd

Troy Asset Management Ltd increased its position in shares of Mastercard Incorporated (NYSE:MA) by 0.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 124,214 shares of the credit services provider’s stock after purchasing an additional 811 shares during the quarter. Mastercard accounts for 1.8% of Troy Asset Management Ltd’s investment portfolio, making the stock its 17th biggest holding. Troy Asset Management Ltd’s holdings in Mastercard were worth $54,798,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. VitalStone Financial LLC grew 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 valued at $26,000 after acquiring an additional 45 shares during the last quarter. Westend Capital Management LLC acquired a new stake in shares of Mastercard in the first quarter valued at approximately $27,000. Palisade Asset Management LLC acquired a new stake in shares of Mastercard in the first quarter valued at approximately $27,000. Scarborough Advisors LLC purchased a new position in shares of Mastercard during the 4th quarter worth approximately $28,000. Finally, Beaird Harris Wealth Management LLC acquired a new position in shares of Mastercard during the 4th quarter worth approximately $30,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Price Performance

Mastercard stock opened at $493.80 on Tuesday. 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 firm has a market capitalization of $459.04 billion, a P/E ratio of 39.25, a PEG ratio of 1.96 and a beta of 1.10. The firm has a fifty day moving average of $471.70 and a 200-day moving average of $461.86. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $501.80.

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 the consensus estimate of $3.51 by $0.08. The company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. As a group, analysts predict that Mastercard Incorporated will post 14.29 EPS for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MA shares. Compass Point initiated coverage on Mastercard in a report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price on the stock. Bank of America increased their price objective on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Royal Bank of Canada boosted their target price on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Piper Sandler raised their price target on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Barclays boosted their price objective 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 analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and a consensus price target of $513.70.

Insiders Place Their Bets

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the transaction, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the sale, the insider now owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. 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. 0.10% of the stock is owned by company insiders.

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.