State of New Jersey Common Pension Fund D raised its stake in Mastercard Inc (NYSE:MA) by 4.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 740,000 shares of the credit services provider’s stock after acquiring an additional 30,000 shares during the period. Mastercard comprises about 0.7% of State of New Jersey Common Pension Fund D’s investment portfolio, making the stock its 23rd largest position. State of New Jersey Common Pension Fund D owned 0.07% of Mastercard worth $195,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently made changes to their positions in MA. Valley National Advisers Inc. grew its holdings in shares of Mastercard by 210.9% during the fourth quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 97 shares during the last quarter. Brandywine Global Investment Management LLC bought a new stake in shares of Mastercard during the fourth quarter worth $30,000. Ellis Investment Partners LLC bought a new stake in shares of Mastercard during the first quarter worth $30,000. Evolution Wealth Advisors LLC bought a new position in Mastercard in the second quarter valued at about $31,000. Finally, Delphi Private Advisors LLC bought a new position in Mastercard in the second quarter valued at about $31,000. Hedge funds and other institutional investors own 74.41% of the company’s stock.

Several research firms recently issued reports on MA. Deutsche Bank set a $81.00 price target on Franco Nevada and gave the company a “hold” rating in a report on Thursday, July 11th. Morgan Stanley raised their price target on Visa from $175.00 to $191.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Zacks Investment Research cut HEXO from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. UBS Group raised their price target on Tableau Software to $134.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, Barclays set a $89.00 price target on Franco Nevada and gave the company a “hold” rating in a report on Friday, July 19th. One research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Mastercard currently has an average rating of “Buy” and an average target price of $275.44.

NYSE:MA traded down $0.52 during mid-day trading on Tuesday, hitting $280.92. The company had a trading volume of 2,524,456 shares, compared to its average volume of 2,454,807. Mastercard Inc has a fifty-two week low of $171.89 and a fifty-two week high of $283.33. The company has a fifty day moving average price of $270.55. The company has a current ratio of 1.40, a quick ratio of 1.41 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $288.14 billion, a price-to-earnings ratio of 43.29, a P/E/G ratio of 2.21 and a beta of 1.08.

Mastercard (NYSE:MA) last released its earnings results on Tuesday, April 30th. The credit services provider reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.12. Mastercard had a return on equity of 129.95% and a net margin of 40.82%. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same quarter in the prior year, the firm posted $1.50 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, research analysts anticipate that Mastercard Inc will post 7.6 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Monday, July 8th. Mastercard’s payout ratio is 20.34%.

In other news, major shareholder Foundation Mastercard sold 7,950 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $281.12, for a total transaction of $2,234,904.00. Following the sale, the insider now owns 112,126,112 shares of the company’s stock, valued at $31,520,892,605.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Ajay Banga sold 252,600 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $250.92, for a total value of $63,382,392.00. Following the sale, the chief executive officer now directly owns 427,638 shares in the company, valued at approximately $107,302,926.96. The disclosure for this sale can be found here. Insiders sold 356,488 shares of company stock worth $91,166,858 in the last three months. Insiders own 3.70% of the company’s stock.

Mastercard 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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