Cooper Financial Group Boosts Position in Mastercard Incorporated (NYSE:MA)

Cooper Financial Group increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 2.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,631 shares of the credit services provider’s stock after purchasing an additional 64 shares during the period. Cooper Financial Group’s holdings in Mastercard were worth $1,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MA. State Street Corp lifted its stake in shares of Mastercard by 3.9% in the 1st quarter. State Street Corp now owns 34,759,814 shares of the credit services provider’s stock valued at $12,632,032,000 after purchasing an additional 1,303,477 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Mastercard by 9.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,027,189 shares of the credit services provider’s stock worth $9,398,165,000 after acquiring an additional 2,247,291 shares during the period. Geode Capital Management LLC grew its position in shares of Mastercard by 0.4% during the 1st quarter. Geode Capital Management LLC now owns 16,368,594 shares of the credit services provider’s stock valued at $5,936,110,000 after acquiring an additional 62,380 shares during the period. Morgan Stanley increased its stake in shares of Mastercard by 17.7% in the 4th quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock valued at $5,509,328,000 after purchasing an additional 2,385,640 shares in the last quarter. Finally, Norges Bank acquired a new position in Mastercard in the 4th quarter worth about $3,308,223,000. 74.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Jefferies Financial Group upped their target price on Mastercard from $460.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday. Barclays increased their price objective on shares of Mastercard from $437.00 to $470.00 and gave the company an “overweight” rating in a report on Monday, July 24th. Credit Suisse Group boosted their target price on shares of Mastercard from $400.00 to $430.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Robert W. Baird raised their price target on shares of Mastercard from $435.00 to $450.00 in a research note on Friday, July 28th. Finally, BMO Capital Markets boosted their price objective on Mastercard from $463.00 to $488.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $442.83.

Mastercard Stock Performance

NYSE MA opened at $414.31 on Friday. The stock has a fifty day simple moving average of $401.47 and a 200-day simple moving average of $381.18. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.57. The stock has a market cap of $390.37 billion, a PE ratio of 38.83, a P/E/G ratio of 1.87 and a beta of 1.10. Mastercard Incorporated has a twelve month low of $276.87 and a twelve month high of $418.60.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 27th. The credit services provider reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.05. The company had revenue of $6.30 billion during the quarter, compared to analyst estimates of $6.18 billion. Mastercard had a net margin of 43.37% and a return on equity of 178.10%. Mastercard’s revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.56 earnings per share. Equities analysts anticipate that Mastercard Incorporated will post 12.13 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 7th were issued a $0.57 dividend. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $2.28 annualized dividend and a dividend yield of 0.55%. Mastercard’s dividend payout ratio is presently 21.37%.

Insider Buying and Selling

In related news, insider Hai Ling sold 3,324 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $415.00, for a total transaction of $1,379,460.00. Following the sale, the insider now directly owns 17,577 shares of the company’s stock, valued at approximately $7,294,455. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Craig Vosburg sold 6,333 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $400.00, for a total transaction of $2,533,200.00. Following the sale, the insider now directly owns 46,491 shares in the company, valued at $18,596,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Hai Ling sold 3,324 shares of Mastercard stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $415.00, for a total transaction of $1,379,460.00. Following the completion of the transaction, the insider now owns 17,577 shares of the company’s stock, valued at approximately $7,294,455. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 407,267 shares of company stock valued at $161,485,243. Corporate insiders own 0.13% 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. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.