Mastercard Incorporated $MA Shares Sold by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 89.9% in the 1st quarter, Holdings Channel reports. The fund owned 625 shares of the credit services provider’s stock after selling 5,540 shares during the quarter. Kapitalo Investimentos Ltda’s holdings in Mastercard were worth $312,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Swan Global Investments LLC lifted its stake in Mastercard by 14.9% in the 1st quarter. Swan Global Investments LLC now owns 654 shares of the credit services provider’s stock worth $327,000 after purchasing an additional 85 shares in the last quarter. Meeder Asset Management Inc. grew its position in shares of Mastercard by 58.4% in the first quarter. Meeder Asset Management Inc. now owns 102,985 shares of the credit services provider’s stock valued at $51,457,000 after purchasing an additional 37,969 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Mastercard by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 4,225,359 shares of the credit services provider’s stock valued at $2,111,216,000 after purchasing an additional 42,871 shares in the last quarter. Waycross Partners LLC grew its position in shares of Mastercard by 2.4% in the first quarter. Waycross Partners LLC now owns 71,670 shares of the credit services provider’s stock valued at $35,811,000 after purchasing an additional 1,708 shares in the last quarter. Finally, Ironwood Investment Counsel LLC increased its holdings in shares of Mastercard by 3.8% in the first quarter. Ironwood Investment Counsel LLC now owns 19,083 shares of the credit services provider’s stock valued at $9,535,000 after purchasing an additional 698 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Price Performance

MA stock opened at $547.58 on Tuesday. Mastercard Incorporated has a 52-week low of $464.52 and a 52-week high of $601.77. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The stock has a market cap of $483.83 billion, a price-to-earnings ratio of 31.69, a price-to-earnings-growth ratio of 1.70 and a beta of 0.73. The business has a fifty day moving average of $504.99 and a two-hundred day moving average of $515.59.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, beating the consensus estimate of $4.41 by $0.19. The business had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The company’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.73 EPS. As a group, research analysts anticipate that Mastercard Incorporated will post 19.62 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be given a $0.87 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. Mastercard’s dividend payout ratio is presently 20.14%.

Insider Activity

In other Mastercard news, insider Sandra A. Arkell sold 200 shares of Mastercard stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $540.00, for a total transaction of $108,000.00. Following the completion of the sale, the insider directly owned 3,322 shares in the company, valued at $1,793,880. This trade represents a 5.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Raj Seshadri sold 4,828 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $525.00, for a total transaction of $2,534,700.00. Following the completion of the sale, the insider directly owned 16,429 shares in the company, valued at $8,625,225. This trade represents a 22.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 7,005 shares of company stock valued at $3,689,976. 0.09% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on MA shares. UBS Group reiterated a “buy” rating on shares of Mastercard in a research report on Thursday, June 25th. TD Cowen cut their target price on Mastercard from $671.00 to $664.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Royal Bank Of Canada reduced their price target on Mastercard from $656.00 to $629.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Clear Str raised shares of Mastercard to a “strong-buy” rating in a report on Thursday, July 16th. Eight investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $653.92.

Mastercard Company Profile

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.