Mastercard Incorporated (NYSE:MA) Stock Holdings Trimmed by Axa S.A.

Axa S.A. lessened its position in shares of Mastercard Incorporated (NYSE:MA) by 7.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 311,356 shares of the credit services provider’s stock after selling 24,729 shares during the period. Axa S.A.’s holdings in Mastercard were worth $137,358,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Hoxton Planning & Management LLC increased its stake in shares of Mastercard by 1.4% in the first quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after purchasing an additional 22 shares during the period. Quilter Plc increased its position in Mastercard by 2.8% in the 2nd quarter. Quilter Plc now owns 801 shares of the credit services provider’s stock worth $353,000 after buying an additional 22 shares during the period. Carolinas Wealth Consulting LLC lifted its holdings in shares of Mastercard by 5.0% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after buying an additional 23 shares during the last quarter. Benin Management CORP boosted its position in shares of Mastercard by 3.0% in the first quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock valued at $382,000 after acquiring an additional 23 shares during the period. Finally, Atticus Wealth Management LLC grew its stake in shares of Mastercard by 1.3% in the first quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock worth $835,000 after acquiring an additional 23 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on MA shares. BNP Paribas lowered shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a research report on Tuesday, September 3rd. TD Cowen lifted their target price on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Evercore ISI lowered their price target on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. KeyCorp raised their price objective on Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Finally, Piper Sandler boosted their price objective on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Five equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $512.08.

Insider Activity

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction dated Monday, August 5th. The shares were 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 approximately $12,423,320. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. The disclosure for this sale can be found here. Insiders sold 340,809 shares of company stock worth $159,610,703 over the last quarter. 0.10% of the stock is currently owned by company insiders.

Mastercard Price Performance

Shares of MA stock opened at $487.40 on Wednesday. The firm has a market capitalization of $450.28 billion, a price-to-earnings ratio of 38.74, a price-to-earnings-growth ratio of 1.96 and a beta of 1.10. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $501.80. 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 fifty day moving average of $468.18 and a 200-day moving average of $461.37.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) 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 company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.85 billion. On average, equities research analysts forecast that Mastercard Incorporated will post 14.29 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

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.