Handelsbanken Fonder AB Purchases 43,679 Shares of Mastercard Incorporated (NYSE:MA)

Handelsbanken Fonder AB lifted its position in Mastercard Incorporated (NYSE:MA) by 7.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 627,011 shares of the credit services provider’s stock after acquiring an additional 43,679 shares during the quarter. Mastercard accounts for 1.2% of Handelsbanken Fonder AB’s portfolio, making the stock its 11th largest position. Handelsbanken Fonder AB owned about 0.07% of Mastercard worth $309,618,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Orser Capital Management LLC lifted its holdings in shares of Mastercard by 0.4% in the 3rd quarter. Orser Capital Management LLC now owns 8,419 shares of the credit services provider’s stock worth $4,157,000 after acquiring an additional 30 shares during the last quarter. waypoint wealth counsel bought a new stake in Mastercard during the 3rd quarter valued at about $223,000. Great Waters Wealth Management bought a new stake in Mastercard during the 3rd quarter valued at about $203,000. Goelzer Investment Management Inc. lifted its holdings in Mastercard by 0.3% during the 3rd quarter. Goelzer Investment Management Inc. now owns 8,316 shares of the credit services provider’s stock valued at $4,106,000 after buying an additional 29 shares in the last quarter. Finally, jvl associates llc lifted its holdings in Mastercard by 2.4% during the 3rd quarter. jvl associates llc now owns 1,475 shares of the credit services provider’s stock valued at $728,000 after buying an additional 35 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.6 %

Shares of Mastercard stock traded up $2.73 on Friday, reaching $497.70. The stock had a trading volume of 1,935,893 shares, compared to its average volume of 2,457,305. The company has a 50 day moving average price of $476.54 and a 200 day moving average price of $462.45. 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 1 year low of $359.77 and a 1 year high of $501.80. The stock has a market capitalization of $462.67 billion, a P/E ratio of 39.56, a P/E/G ratio of 1.96 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. The company had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. As a group, equities research analysts forecast that Mastercard Incorporated will post 14.29 EPS for the current year.

Mastercard Announces Dividend

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

Insiders Place Their Bets

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction 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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction 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 trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction that occurred on 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 sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 340,809 shares of company stock valued at $159,610,703. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MA shares. Barclays lifted their price objective on shares of Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Piper Sandler lifted their price objective on shares of Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Royal Bank of Canada lifted their price objective on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. BMO Capital Markets reissued an “outperform” rating and set a $520.00 target price on shares of Mastercard in a research report on Wednesday, August 14th. Finally, KeyCorp raised their target price on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $517.22.

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.