Candriam S.C.A. Has $182.28 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Candriam S.C.A. grew its position in shares of Mastercard Incorporated (NYSE:MA) by 4.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 413,193 shares of the credit services provider’s stock after purchasing an additional 19,480 shares during the quarter. Mastercard comprises approximately 1.1% of Candriam S.C.A.’s investment portfolio, making the stock its 14th largest position. Candriam S.C.A.’s holdings in Mastercard were worth $182,276,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MA. International Assets Investment Management LLC grew its holdings in Mastercard by 2.1% in the fourth quarter. International Assets Investment Management LLC now owns 6,885 shares of the credit services provider’s stock worth $2,937,000 after purchasing an additional 141 shares during the period. Gilbert & Cook Inc. increased its holdings in shares of Mastercard by 8.3% during the fourth quarter. Gilbert & Cook Inc. now owns 3,134 shares of the credit services provider’s stock valued at $1,337,000 after acquiring an additional 241 shares in the last quarter. Aveo Capital Partners LLC raised its position in shares of Mastercard by 8.8% during the fourth quarter. Aveo Capital Partners LLC now owns 1,427 shares of the credit services provider’s stock worth $609,000 after purchasing an additional 116 shares during the period. Gryphon Financial Partners LLC increased its stake in Mastercard by 7.3% during the 4th quarter. Gryphon Financial Partners LLC now owns 8,431 shares of the credit services provider’s stock valued at $3,565,000 after purchasing an additional 571 shares in the last quarter. Finally, Lebenthal Global Advisors LLC bought a new position in shares of Mastercard in the fourth quarter valued at $422,000. 97.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MA shares. Citigroup boosted their target price on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Bank of America lowered Mastercard from a “buy” rating to a “neutral” rating and dropped their target price for the company from $505.00 to $480.00 in a report on Wednesday, July 10th. TD Cowen upped their price target on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. BMO Capital Markets restated an “outperform” rating and set a $520.00 price objective on shares of Mastercard in a research note on Wednesday, August 14th. Finally, Piper Sandler increased their target price on shares of Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Five investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and a consensus target price of $510.88.

Mastercard Price Performance

Shares of NYSE MA opened at $476.28 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $442.76 billion, a P/E ratio of 37.86, a P/E/G ratio of 1.90 and a beta of 1.10. The stock’s 50-day simple moving average is $456.26 and its two-hundred day simple moving average is $459.59. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were issued a $0.66 dividend. The ex-dividend date was Tuesday, July 9th. This represents a $2.64 annualized dividend and a yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 138,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total value of $62,540,220.00. Following the completion of the transaction, the insider now owns 92,152,308 shares in the company, valued at approximately $41,762,504,462.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, major shareholder Foundation Mastercard sold 138,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the completion of the transaction, the insider now owns 92,152,308 shares of the company’s stock, valued at approximately $41,762,504,462.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,167,931 shares of company stock valued at $531,284,982. 0.10% 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. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.