Quantbot Technologies LP Buys 5,526 Shares of Mastercard Incorporated (NYSE:MA)

Quantbot Technologies LP boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 79.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,455 shares of the credit services provider’s stock after acquiring an additional 5,526 shares during the period. Quantbot Technologies LP’s holdings in Mastercard were worth $5,998,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in Mastercard during the 4th quarter valued at approximately $4,595,559,000. International Assets Investment Management LLC increased its holdings in Mastercard by 43,445.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock valued at $1,252,525,000 after acquiring an additional 2,929,940 shares during the last quarter. Vanguard Group Inc. increased its holdings in Mastercard by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock valued at $32,096,470,000 after acquiring an additional 742,076 shares during the last quarter. Capital International Investors lifted its stake in Mastercard by 3.3% in the 4th quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock worth $8,974,478,000 after purchasing an additional 676,452 shares in the last quarter. Finally, Capital Research Global Investors grew its position in shares of Mastercard by 4.7% during 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 in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA stock traded up $3.65 during mid-day trading on Friday, reaching $440.07. The stock had a trading volume of 2,645,605 shares, compared to its average volume of 2,485,778. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $490.00. The firm has a market cap of $409.09 billion, a price-to-earnings ratio of 34.91, a PEG ratio of 1.69 and a beta of 1.09. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The business’s fifty day moving average is $449.32 and its 200-day moving average is $454.20.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating the consensus estimate of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same period in the prior year, the firm earned $2.80 EPS. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, research analysts forecast that Mastercard Incorporated will post 14.26 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be given a $0.66 dividend. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 annualized dividend and a yield of 0.60%. Mastercard’s dividend payout ratio is presently 20.99%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MA shares. Bank of America downgraded shares of Mastercard from a “buy” rating to a “neutral” rating and decreased their price target for the company from $505.00 to $480.00 in a research note on Wednesday. Robert W. Baird upped their target price on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Piper Sandler assumed coverage on Mastercard in a research report on Monday, May 13th. They issued an “overweight” rating and a $531.00 price target for the company. Susquehanna reaffirmed a “positive” rating and issued a $535.00 price objective on shares of Mastercard in a research note on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. cut their target price on Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Three analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and a consensus target price of $498.57.

Insider Transactions at Mastercard

In other news, insider Sandra A. Arkell sold 300 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $447.23, for a total transaction of $134,169.00. Following the sale, the insider now directly owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction on Monday, May 6th. The shares were sold at an average price of $447.23, for a total value of $134,169.00. Following the sale, the insider now owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 138,000 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The disclosure for this sale can be found here. Insiders have sold 3,163,228 shares of company stock valued at $1,428,540,870 in the last 90 days. 0.10% of the stock is currently 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.