MayTech Global Investments LLC Has $29.85 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

MayTech Global Investments LLC boosted its position in Mastercard Incorporated (NYSE:MA) by 15.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 75,901 shares of the credit services provider’s stock after purchasing an additional 9,921 shares during the quarter. Mastercard comprises 5.9% of MayTech Global Investments LLC’s holdings, making the stock its 6th biggest position. MayTech Global Investments LLC’s holdings in Mastercard were worth $29,852,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MA. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mastercard during the first quarter valued at about $25,000. GeoWealth Management LLC acquired a new position in Mastercard during the 2nd quarter valued at about $26,000. Quarry LP bought a new stake in shares of Mastercard during the 1st quarter worth about $40,000. Avion Wealth lifted its stake in shares of Mastercard by 75.8% in the 2nd quarter. Avion Wealth now owns 109 shares of the credit services provider’s stock worth $42,000 after acquiring an additional 47 shares during the period. Finally, Retirement Group LLC bought a new position in shares of Mastercard in the fourth quarter valued at approximately $42,000. 74.94% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Performance

Mastercard stock traded down $0.35 during trading hours on Monday, hitting $399.95. The stock had a trading volume of 666,613 shares, compared to its average volume of 2,645,215. The company has a market cap of $375.06 billion, a PE ratio of 34.96, a price-to-earnings-growth ratio of 1.79 and a beta of 1.08. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.24. Mastercard Incorporated has a fifty-two week low of $336.43 and a fifty-two week high of $418.60. The company has a 50-day moving average of $395.21 and a two-hundred day moving average of $391.66.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 26th. The credit services provider reported $3.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.21 by $0.18. The firm had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.53 billion. Mastercard had a net margin of 44.85% and a return on equity of 188.83%. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.68 EPS. On average, equities research analysts anticipate that Mastercard Incorporated will post 12.16 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Monday, October 9th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Thursday, October 5th. Mastercard’s dividend payout ratio is 19.86%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MA. Jefferies Financial Group upped their target price on Mastercard from $460.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday, September 15th. Susquehanna boosted their price objective on Mastercard from $433.00 to $486.00 and gave the stock a “positive” rating in a report on Friday, July 28th. HSBC started coverage on Mastercard in a report on Friday, October 13th. They issued a “hold” rating and a $424.00 target price for the company. StockNews.com started coverage on shares of Mastercard in a report on Thursday, October 5th. They set a “buy” rating for the company. Finally, BMO Capital Markets reduced their price objective on Mastercard from $488.00 to $472.00 and set an “outperform” rating for the company in a research report on Friday, October 27th. Two research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $450.09.

Insider Buying and Selling at Mastercard

In related news, major shareholder Foundation Mastercard sold 125,816 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $377.45, for a total transaction of $47,489,249.20. Following the completion of the transaction, the insider now owns 98,424,221 shares in the company, valued at approximately $37,150,222,216.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Mastercard news, insider Hai Ling sold 3,324 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $405.23, for a total value of $1,346,984.52. Following the transaction, the insider now directly owns 27,546 shares in the company, valued at approximately $11,162,465.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 125,816 shares of Mastercard stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $377.45, for a total value of $47,489,249.20. Following the completion of the sale, the insider now owns 98,424,221 shares of the company’s stock, valued at $37,150,222,216.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 533,424 shares of company stock valued at $206,051,295. 0.13% of the stock is currently owned by corporate insiders.

About Mastercard

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 other payment-related products and services.