CCLA Investment Management Has $123.74 Million Holdings in Mastercard Incorporated (NYSE:MA)

CCLA Investment Management lifted its position in Mastercard Incorporated (NYSE:MA) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 279,855 shares of the credit services provider’s stock after acquiring an additional 1,417 shares during the period. Mastercard makes up approximately 1.9% of CCLA Investment Management’s holdings, making the stock its 18th biggest holding. CCLA Investment Management’s holdings in Mastercard were worth $123,741,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of MA. Vanguard Personalized Indexing Management LLC grew its stake in Mastercard by 3.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 84,947 shares of the credit services provider’s stock valued at $37,305,000 after acquiring an additional 2,853 shares during the period. Tredje AP fonden raised its position in shares of Mastercard by 6.8% during the second quarter. Tredje AP fonden now owns 247,822 shares of the credit services provider’s stock worth $109,329,000 after purchasing an additional 15,800 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Mastercard by 20.3% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 17,170 shares of the credit services provider’s stock valued at $7,575,000 after purchasing an additional 2,900 shares in the last quarter. Meiji Yasuda Life Insurance Co raised its holdings in Mastercard by 6.5% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 32,803 shares of the credit services provider’s stock worth $14,471,000 after buying an additional 2,016 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its position in Mastercard by 9.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 245,305 shares of the credit services provider’s stock valued at $108,219,000 after acquiring an additional 20,162 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MA. BMO Capital Markets restated an “outperform” rating and issued a $520.00 price target on shares of Mastercard in a report on Wednesday, August 14th. William Blair raised Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Evercore ISI decreased their price target on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Compass Point began coverage on shares of Mastercard in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price objective on the stock. Finally, BNP Paribas cut shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a report on Tuesday, September 3rd. Five investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $512.08.

Mastercard Stock Up 0.7 %

NYSE MA opened at $501.22 on Wednesday. The business has a fifty day moving average price of $462.83 and a two-hundred day moving average price of $460.52. 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 Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $501.74. The stock has a market capitalization of $465.94 billion, a PE ratio of 39.84, a PEG ratio of 1.92 and a beta of 1.10.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The firm had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. Equities analysts expect that Mastercard Incorporated will post 14.29 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s payout ratio is 20.99%.

Insider Activity

In other news, insider Craig Vosburg sold 9,028 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $451.06, for a total value of $4,072,169.68. Following the completion of the transaction, the insider now directly owns 58,940 shares in the company, valued at approximately $26,585,476.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the completion of the transaction, the insider now directly owns 58,940 shares of the company’s stock, valued at approximately $26,585,476.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 725,152 shares of company stock worth $334,186,128. 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.