Security National Bank of Sioux City Iowa IA bought a new stake in shares of Mastercard Inc (NYSE:MA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,033 shares of the credit services provider’s stock, valued at approximately $400,000.

Several other institutional investors have also made changes to their positions in MA. FMR LLC boosted its position in shares of Mastercard by 6.0% during the 2nd quarter. FMR LLC now owns 39,120,141 shares of the credit services provider’s stock valued at $7,687,891,000 after purchasing an additional 2,229,947 shares in the last quarter. Cornerstone Wealth Management LLC boosted its position in shares of Mastercard by 19,937.5% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 1,324,080 shares of the credit services provider’s stock valued at $6,699,000 after purchasing an additional 1,317,472 shares in the last quarter. BlackRock Inc. boosted its position in shares of Mastercard by 1.9% during the 1st quarter. BlackRock Inc. now owns 64,578,003 shares of the credit services provider’s stock valued at $11,311,482,000 after purchasing an additional 1,232,199 shares in the last quarter. GQG Partners LLC boosted its position in shares of Mastercard by 270.9% during the 1st quarter. GQG Partners LLC now owns 1,383,512 shares of the credit services provider’s stock valued at $242,336,000 after purchasing an additional 1,010,530 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Mastercard by 17.5% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,657,010 shares of the credit services provider’s stock valued at $815,722,000 after purchasing an additional 694,700 shares in the last quarter. Institutional investors own 74.36% of the company’s stock.

MA stock opened at $204.22 on Friday. Mastercard Inc has a twelve month low of $140.61 and a twelve month high of $225.35. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.51 and a current ratio of 1.51. The company has a market capitalization of $231.17 billion, a PE ratio of 44.59, a P/E/G ratio of 1.83 and a beta of 1.16.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 26th. The credit services provider reported $1.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.13. Mastercard had a return on equity of 103.82% and a net margin of 33.81%. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter last year, the company earned $1.10 earnings per share. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. Equities research analysts anticipate that Mastercard Inc will post 6.41 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Stockholders of record on Tuesday, October 9th will be issued a $0.25 dividend. The ex-dividend date is Friday, October 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.49%. Mastercard’s dividend payout ratio is presently 21.83%.

Several brokerages recently commented on MA. Cantor Fitzgerald restated an “overweight” rating and set a $237.00 target price on shares of Mastercard in a research report on Friday, July 27th. Sandler O’Neill reiterated a “hold” rating and issued a $209.00 price target on shares of Mastercard in a report on Friday, July 27th. Buckingham Research increased their price target on Mastercard from $194.00 to $222.00 and gave the stock a “buy” rating in a report on Tuesday, June 26th. JPMorgan Chase & Co. increased their price target on Mastercard from $202.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, July 27th. Finally, KeyCorp reiterated an “overweight” rating and issued a $230.00 price target (up previously from $200.00) on shares of Mastercard in a report on Thursday, July 26th. Three investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $216.94.

In related news, CFO Martina Hundmejean sold 69,817 shares of the stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $200.35, for a total transaction of $13,987,835.95. Following the completion of the sale, the chief financial officer now directly owns 128,905 shares of the company’s stock, valued at $25,826,116.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.32% 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. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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