MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in shares of Mastercard Incorporated (NYSE:MA – Get Rating) by 4.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,457 shares of the credit services provider’s stock after purchasing an additional 696 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Mastercard were worth $6,316,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dixon Hughes Goodman Wealth Advisors LLC purchased a new stake in shares of Mastercard during the fourth quarter valued at $37,000. Western Pacific Wealth Management LP purchased a new stake in Mastercard in the 4th quarter worth about $39,000. Industrial Alliance Investment Management Inc. purchased a new stake in Mastercard in the 4th quarter worth about $42,000. American National Bank purchased a new stake in Mastercard in the 1st quarter worth about $46,000. Finally, Tortoise Investment Management LLC lifted its stake in Mastercard by 71.4% in the 4th quarter. Tortoise Investment Management LLC now owns 132 shares of the credit services provider’s stock worth $47,000 after acquiring an additional 55 shares in the last quarter. 74.94% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE MA opened at $316.15 on Thursday. The firm has a market cap of $307.50 billion, a price-to-earnings ratio of 32.90, a P/E/G ratio of 1.49 and a beta of 1.01. The business’s 50-day simple moving average is $344.96 and its 200-day simple moving average is $353.06. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.34 and a current ratio of 1.34. Mastercard Incorporated has a 52 week low of $303.65 and a 52 week high of $399.92.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 9th. Shareholders of record on Friday, July 8th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Thursday, July 7th. Mastercard’s dividend payout ratio (DPR) is currently 20.40%.
Several equities research analysts recently issued reports on MA shares. The Goldman Sachs Group started coverage on Mastercard in a research note on Tuesday, May 17th. They issued a “buy” rating and a $460.00 price objective for the company. Citigroup cut their price target on Mastercard from $445.00 to $435.00 in a research note on Monday, April 25th. Morgan Stanley cut their price target on Mastercard from $449.00 to $442.00 and set an “overweight” rating for the company in a research note on Thursday, April 21st. JPMorgan Chase & Co. raised their price target on Mastercard from $400.00 to $430.00 in a research note on Friday, April 29th. Finally, BMO Capital Markets cut their price target on Mastercard from $412.00 to $402.00 in a research note on Friday, April 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $422.94.
In other Mastercard news, major shareholder Foundation Mastercard sold 106,330 shares of the firm’s stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of $333.03, for a total value of $35,411,079.90. Following the completion of the sale, the insider now owns 103,629,316 shares in the company, valued at approximately $34,511,671,107.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Raj Seshadri sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, April 29th. The stock was sold at an average price of $367.68, for a total value of $2,573,760.00. Following the completion of the sale, the insider now owns 10,439 shares of the company’s stock, valued at approximately $3,838,211.52. The disclosure for this sale can be found here. Insiders sold a total of 327,543 shares of company stock worth $108,482,025 in the last ninety days. Insiders own 0.33% of the company’s stock.
About Mastercard (Get Rating)
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.
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