Elo Mutual Pension Insurance Co Decreases Stock Holdings in Mastercard Incorporated (NYSE:MA)

Elo Mutual Pension Insurance Co reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,448 shares of the credit services provider’s stock after selling 66 shares during the period. Mastercard accounts for about 0.8% of Elo Mutual Pension Insurance Co’s portfolio, making the stock its 21st largest holding. Elo Mutual Pension Insurance Co’s holdings in Mastercard were worth $33,726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in MA. VitalStone Financial LLC boosted its stake in Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after buying an additional 45 shares during the last quarter. Westend Capital Management LLC purchased a new position in shares of Mastercard during the 1st quarter worth $27,000. Palisade Asset Management LLC acquired a new position in shares of Mastercard during the 1st quarter valued at about $27,000. Scarborough Advisors LLC purchased a new stake in shares of Mastercard in the fourth quarter valued at about $28,000. Finally, Beaird Harris Wealth Management LLC acquired a new stake in Mastercard during the fourth quarter worth about $30,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 111,000 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $451.07, for a total value of $50,068,770.00. Following the sale, the insider now directly owns 92,672,308 shares of the company’s stock, valued at approximately $41,801,697,969.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 27,304 shares in the company, valued at $12,423,320. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 111,000 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $451.07, for a total transaction of $50,068,770.00. Following the completion of the transaction, the insider now owns 92,672,308 shares in the company, valued at $41,801,697,969.56. The disclosure for this sale can be found here. Insiders have sold a total of 725,152 shares of company stock valued at $334,186,128 over the last 90 days. 0.10% of the stock is owned by corporate insiders.

Mastercard Stock Performance

NYSE:MA opened at $501.22 on Wednesday. The company has a market cap of $465.94 billion, a price-to-earnings ratio of 39.84, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $501.74. The company has a fifty day simple moving average of $462.83 and a two-hundred day simple moving average of $460.52.

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

Mastercard Dividend Announcement

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

Analyst Upgrades and Downgrades

MA has been the topic of several recent analyst reports. Barclays boosted their target price on shares of Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Argus upgraded Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Bank of America increased their price objective on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research report on Tuesday. Piper Sandler lifted their target price on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, TD Cowen increased 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. Five research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $512.08.

Mastercard 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.