Charles Lim Capital Ltd Takes $68.38 Million Position in Mastercard Incorporated (NYSE:MA)

Charles Lim Capital Ltd purchased a new stake in shares of Mastercard Incorporated (NYSE:MA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 155,000 shares of the credit services provider’s stock, valued at approximately $68,380,000. Mastercard accounts for about 16.8% of Charles Lim Capital Ltd’s holdings, making the stock its 4th largest position.

Several other institutional investors have also recently made changes to their positions in the company. Swedbank AB purchased a new position in Mastercard in the first quarter valued at about $660,652,000. PineStone Asset Management Inc. grew its stake in Mastercard by 145.6% in the second quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock valued at $784,148,000 after purchasing an additional 1,053,616 shares during the last quarter. Vanguard Group Inc. grew its stake in 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 during the last quarter. Capital International Investors grew its stake in 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 during the last quarter. Finally, Capital Research Global Investors grew its stake in 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 during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on MA shares. Susquehanna lifted their target price on Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research note on Thursday, August 1st. Argus raised Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Bank of America raised their price target on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a report on Tuesday. TD Cowen raised their price target on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. raised their price target on Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Five equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $512.08.

Insider Buying and Selling at Mastercard

In other news, insider Craig Vosburg sold 9,028 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $451.06, for a total value of $4,072,169.68. Following the completion of the sale, the insider now directly owns 58,940 shares in the company, valued at $26,585,476.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Craig Vosburg sold 9,028 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $451.06, for a total value of $4,072,169.68. Following the completion of the sale, the insider now directly owns 58,940 shares in the company, valued at $26,585,476.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 725,152 shares of company stock valued at $334,186,128. 0.10% of the stock is owned by company insiders.

Mastercard Trading Up 0.7 %

Shares of NYSE:MA opened at $501.22 on Wednesday. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $501.74. The company has a market capitalization of $465.94 billion, a PE ratio of 39.84, a PEG ratio of 1.92 and a beta of 1.10. The business has a 50 day moving average of $462.83 and a two-hundred day moving average of $460.52. 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 (NYSE:MA) last announced its quarterly earnings results 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 return on equity of 179.78% and a net margin of 46.45%. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.85 billion. As a group, analysts forecast 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. Shareholders of record on Wednesday, October 9th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Wednesday, October 9th. Mastercard’s payout ratio is presently 20.99%.

About Mastercard

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.