Commerzbank Aktiengesellschaft FI Increases Stock Holdings in Mastercard Incorporated (NYSE:MA)

Commerzbank Aktiengesellschaft FI grew its position in Mastercard Incorporated (NYSE:MA) by 192.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,383 shares of the credit services provider’s stock after buying an additional 16,039 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Mastercard were worth $12,040,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. First Trust Direct Indexing L.P. increased its position in shares of Mastercard by 14.2% in the first quarter. First Trust Direct Indexing L.P. now owns 20,552 shares of the credit services provider’s stock valued at $9,897,000 after buying an additional 2,556 shares in the last quarter. Coppell Advisory Solutions Corp. purchased a new stake in Mastercard during the 1st quarter worth about $608,000. SteelPeak Wealth LLC increased its position in Mastercard by 48.6% during the 2nd quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock worth $2,174,000 after purchasing an additional 1,612 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Mastercard during the 1st quarter worth about $2,938,000. Finally, OMC Financial Services LTD purchased a new stake in Mastercard during the 1st quarter worth about $17,854,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard 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 sale, the insider now directly owns 92,033,308 shares in the company, valued at $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction that occurred on 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 approximately $12,423,320. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the sale, the insider now owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 340,809 shares of company stock worth $159,610,703 in the last three months. 0.10% of the stock is owned by insiders.

Mastercard Stock Performance

Mastercard stock opened at $513.23 on Wednesday. The stock’s 50 day moving average price is $489.16 and its 200 day moving average price is $464.58. The firm has a market capitalization of $477.11 billion, a PE ratio of 40.78, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. Mastercard Incorporated has a one year low of $359.77 and a one year high of $518.82.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $6.85 billion. As a group, sell-side analysts expect that Mastercard Incorporated will post 14.3 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.51%. Mastercard’s dividend payout ratio is presently 20.99%.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of recent research reports. Citigroup lifted their price objective on Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada raised their price target on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research note 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 research note on Tuesday, September 17th. Robert W. Baird raised their price target on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, Piper Sandler raised their price target on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and an average price target of $525.68.

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.