Clal Insurance Enterprises Holdings Ltd Buys 48,016 Shares of Mastercard Incorporated $MA

Clal Insurance Enterprises Holdings Ltd raised its stake in Mastercard Incorporated (NYSE:MA) by 62.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 125,047 shares of the credit services provider’s stock after purchasing an additional 48,016 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in Mastercard were worth $62,481,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. grew its holdings in Mastercard by 820.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after buying an additional 41 shares in the last quarter. Strive Financial Group LLC bought a new position in Mastercard during the 4th quarter valued at $27,000. Hyposwiss Advisors SA bought a new position in Mastercard during the 4th quarter valued at $29,000. First Pacific Financial boosted its holdings in Mastercard by 113.8% during the 1st quarter. First Pacific Financial now owns 62 shares of the credit services provider’s stock worth $31,000 after acquiring an additional 33 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC boosted its holdings in Mastercard by 54.1% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock worth $33,000 after acquiring an additional 20 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other news, insider Raj Seshadri sold 1,977 shares of Mastercard stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $529.73, for a total value of $1,047,276.21. Following the completion of the transaction, the insider owned 16,429 shares in the company, valued at $8,702,934.17. This trade represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 Sandra A. Arkell sold 200 shares of the business’s stock in a transaction that occurred on 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 approximately $1,793,880. This trade represents a 5.68% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 7,005 shares of company stock worth $3,689,976 over the last 90 days. 0.09% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on MA. Truist Financial dropped their target price on shares of Mastercard from $590.00 to $561.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. TD Cowen decreased their price target on Mastercard from $671.00 to $664.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Morgan Stanley reissued an “overweight” rating and issued a $679.00 price objective on shares of Mastercard in a research report on Friday, May 1st. Finally, Susquehanna reduced their price objective on Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a research note on Friday, May 1st. Eight equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $653.92.

Mastercard Stock Down 1.8%

Mastercard stock opened at $537.33 on Wednesday. The firm has a 50 day moving average price of $505.73 and a 200-day moving average price of $515.35. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $601.77. The company has a market capitalization of $474.78 billion, a P/E ratio of 31.10, a P/E/G ratio of 1.71 and a beta of 0.73.

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

Mastercard Announces Dividend

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

Trending Headlines about Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard and Al Etihad Payments announced the first co-badged Jaywan-Mastercard credit card, a new partnership that could expand Mastercard’s footprint in the UAE and support payment-network volume growth. Al Etihad Payments, Mastercard launch world’s first Jaywan-Mastercard co-badged credit card
• Positive Sentiment: Mastercard was highlighted as a strong momentum stock, reinforcing the view that the company still has favorable fundamental and trading characteristics despite recent weakness. Here’s Why MasterCard (MA) is a Strong Momentum Stock
• Positive Sentiment: Mastercard and Lithic introduced a way to make small-business loan proceeds spend-ready, a payments-adjacent product that could deepen Mastercard’s role in SMB finance workflows. Lithic and Mastercard Make SMB Loans Ready to Spend

Mastercard 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.