DekaBank Deutsche Girozentrale Reduces Holdings in Mastercard Incorporated (NYSE:MA)

DekaBank Deutsche Girozentrale lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,322,367 shares of the credit services provider’s stock after selling 39,336 shares during the quarter. Mastercard makes up approximately 1.2% of DekaBank Deutsche Girozentrale’s portfolio, making the stock its 10th largest holding. DekaBank Deutsche Girozentrale owned about 0.14% of Mastercard worth $649,985,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MA. Palisade Asset Management LLC bought a new position in shares of Mastercard during the 1st quarter worth $27,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mastercard in the second quarter valued at $34,000. Fairway Wealth LLC purchased a new stake in Mastercard during the 2nd quarter worth about $35,000. Lowe Wealth Advisors LLC increased its position in shares of Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after buying an additional 37 shares during the period. Finally, Valued Wealth Advisors LLC boosted its position in shares of Mastercard by 168.6% in the first quarter. Valued Wealth Advisors LLC now owns 94 shares of the credit services provider’s stock valued at $45,000 after acquiring an additional 59 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of NYSE MA opened at $507.36 on Friday. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $518.82. The stock has a market capitalization of $471.65 billion, a P/E ratio of 40.33, a P/E/G ratio of 2.27 and a beta of 1.10. The company’s 50-day moving average is $491.84 and its 200 day moving average is $465.39. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. On average, sell-side analysts expect that Mastercard Incorporated will post 14.32 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.52%. Mastercard’s payout ratio is 20.99%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MA. Robert W. Baird upped their target price on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. William Blair upgraded Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their target price on Mastercard from $570.00 to $593.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Oppenheimer began coverage on shares of Mastercard in a research report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price target on the stock. Finally, BNP Paribas downgraded shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target for the company. in a research note on Tuesday, September 3rd. Four equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $525.68.

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the transaction, the insider now owns 92,033,308 shares in the company, valued at $43,113,923,465.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 340,809 shares of company stock valued at $159,610,703. Corporate insiders own 0.10% of the company’s stock.

Mastercard Company Profile

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.