DekaBank Deutsche Girozentrale Has $121.10 Million Stock Holdings in Mastercard Inc (NYSE:MA)

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DekaBank Deutsche Girozentrale lifted its position in Mastercard Inc (NYSE:MA) by 6.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 460,555 shares of the credit services provider’s stock after acquiring an additional 27,241 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Mastercard were worth $121,103,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. FMR LLC grew its stake in shares of Mastercard by 1.8% during the 1st quarter. FMR LLC now owns 40,441,076 shares of the credit services provider’s stock worth $9,521,850,000 after acquiring an additional 720,407 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Mastercard by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 12,431,997 shares of the credit services provider’s stock worth $2,341,383,000 after acquiring an additional 416,095 shares in the last quarter. Norges Bank bought a new position in shares of Mastercard during the 4th quarter worth approximately $1,701,899,000. Parnassus Investments CA grew its stake in shares of Mastercard by 1.6% in the first quarter. Parnassus Investments CA now owns 3,185,400 shares of the credit services provider’s stock valued at $750,002,000 after buying an additional 51,389 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Mastercard by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,964,021 shares of the credit services provider’s stock valued at $559,150,000 after buying an additional 42,640 shares in the last quarter. Institutional investors and hedge funds own 74.25% of the company’s stock.

In related news, Vice Chairman Ann Cairns sold 51,850 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $259.80, for a total value of $13,470,630.00. Following the sale, the insider now directly owns 134,120 shares in the company, valued at $34,844,376. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 15,890 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $272.06, for a total value of $4,323,033.40. Following the completion of the sale, the insider now owns 112,030,712 shares in the company, valued at $30,479,075,506.72. The disclosure for this sale can be found here. Insiders have sold 201,511 shares of company stock valued at $54,471,508 in the last three months. Insiders own 3.70% of the company’s stock.

Several equities analysts recently weighed in on the stock. Wells Fargo & Co raised their target price on shares of Mastercard from $285.00 to $305.00 and gave the company an “outperform” rating in a research note on Wednesday, July 10th. BMO Capital Markets set a $328.00 target price on shares of Mastercard and gave the company a “buy” rating in a research note on Wednesday, July 31st. Bank of America raised their target price on shares of Mastercard from $255.00 to $267.00 and gave the company a “neutral” rating in a research note on Monday, June 17th. UBS Group raised their target price on shares of Mastercard from $300.00 to $312.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Morgan Stanley raised their target price on shares of Mastercard from $269.00 to $291.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Two analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $291.80.

Shares of Mastercard stock opened at $274.53 on Wednesday. The firm’s fifty day simple moving average is $273.25. Mastercard Inc has a 1 year low of $171.89 and a 1 year high of $283.33. The firm has a market cap of $273.08 billion, a P/E ratio of 42.30, a price-to-earnings-growth ratio of 2.18 and a beta of 1.08. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.55.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.07. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter last year, the firm posted $1.66 EPS. The company’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts expect that Mastercard Inc will post 7.61 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Monday, July 8th. Mastercard’s dividend payout ratio is currently 20.34%.

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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