Titiun Yejiel Takes $3.77 Million Position in Mastercard Incorporated $MA

Titiun Yejiel bought a new stake in Mastercard Incorporated (NYSE:MA) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 7,335 shares of the credit services provider’s stock, valued at approximately $3,767,000. Mastercard accounts for 3.3% of Titiun Yejiel’s investment portfolio, making the stock its 10th largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in MA. Riggs Asset Managment Co. Inc. raised its position in shares of Mastercard by 20.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock worth $61,000 after acquiring an additional 18 shares during the period. Castle Rock Wealth Management LLC boosted its stake in shares of Mastercard by 2.8% during the 4th quarter. Castle Rock Wealth Management LLC now owns 695 shares of the credit services provider’s stock worth $387,000 after acquiring an additional 19 shares in the last quarter. Athena Wealth Management LLC grew its position in shares of Mastercard by 3.8% during the 2nd quarter. Athena Wealth Management LLC now owns 514 shares of the credit services provider’s stock valued at $264,000 after acquiring an additional 19 shares during the period. Novem Group increased its stake in shares of Mastercard by 0.4% in the 2nd quarter. Novem Group now owns 4,680 shares of the credit services provider’s stock valued at $2,404,000 after purchasing an additional 19 shares in the last quarter. Finally, Vista Capital Partners Inc. increased its stake in shares of Mastercard by 4.5% in the 2nd quarter. Vista Capital Partners Inc. now owns 444 shares of the credit services provider’s stock valued at $228,000 after purchasing an additional 19 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Price Performance

NYSE:MA opened at $598.69 on Wednesday. The firm has a market cap of $524.46 billion, a P/E ratio of 32.93, a price-to-earnings-growth ratio of 1.80 and a beta of 0.72. The stock has a 50 day moving average of $542.94 and a two-hundred day moving average of $518.46. Mastercard Incorporated has a 12 month low of $464.52 and a 12 month high of $601.62. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 3.96.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.77 by $0.27. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.The firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.08 billion. During the same period in the previous year, the company posted $4.15 earnings per share. The business’s revenue was up 14.1% on a year-over-year basis. On average, analysts expect that Mastercard Incorporated will post 19.86 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Thursday, July 9th were issued a dividend of $0.87 per share. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard’s dividend payout ratio is presently 19.14%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MA. Truist Financial increased their price target on Mastercard from $554.00 to $633.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Loop Capital restated a “buy” rating and issued a $631.00 price objective on shares of Mastercard in a research report on Wednesday, June 3rd. Royal Bank Of Canada upped their target price on Mastercard from $629.00 to $642.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Keefe, Bruyette & Woods increased their target price on Mastercard from $665.00 to $685.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, KeyCorp lifted their price target on shares of Mastercard from $670.00 to $680.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $664.71.

Insiders Place Their Bets

In other news, insider Linda Pistecchia Kirkpatrick sold 4,280 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $570.31, for a total value of $2,440,926.80. Following the transaction, the insider directly owned 31,179 shares of the company’s stock, valued at approximately $17,781,695.49. This trade represents a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandra A. Arkell sold 200 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $540.00, for a total transaction of $108,000.00. Following the transaction, the insider owned 3,322 shares in the company, valued at $1,793,880. The trade was a 5.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 71,357 shares of company stock valued at $40,637,262. Corporate insiders own 0.09% of the company’s stock.

About Mastercard

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.