Robeco Institutional Asset Management B.V. Grows Stock Holdings in Mastercard Incorporated (NYSE:MA)

Robeco Institutional Asset Management B.V. grew its stake in Mastercard Incorporated (NYSE:MA) by 3.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 661,914 shares of the credit services provider’s stock after purchasing an additional 18,996 shares during the period. Mastercard makes up about 0.6% of Robeco Institutional Asset Management B.V.’s holdings, making the stock its 28th largest holding. Robeco Institutional Asset Management B.V.’s holdings in Mastercard were worth $326,853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Highline Wealth Partners LLC purchased a new stake in shares of Mastercard in the 3rd quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL purchased a new position in Mastercard in the second quarter worth approximately $34,000. Fairway Wealth LLC acquired a new stake in Mastercard during the second quarter worth $35,000. Lowe Wealth Advisors LLC raised its position in Mastercard by 74.0% in the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 37 shares during the period. Finally, VitalStone Financial LLC lifted its stake in shares of Mastercard by 55.0% in the 1st quarter. VitalStone Financial LLC now owns 93 shares of the credit services provider’s stock valued at $45,000 after purchasing an additional 33 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Up 1.7 %

Shares of Mastercard stock opened at $508.08 on Monday. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 2.36. The company has a fifty day simple moving average of $495.77 and a 200-day simple moving average of $466.94. The stock has a market cap of $469.38 billion, a price-to-earnings ratio of 38.43, a PEG ratio of 2.21 and a beta of 1.10. Mastercard Incorporated has a 12-month low of $378.48 and a 12-month high of $527.90.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same quarter last year, the company posted $3.39 earnings per share. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, equities analysts forecast that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared 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 0.52%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is 19.97%.

Insider Buying and Selling at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the sale, the chief marketing officer now owns 17,118 shares in the company, valued at approximately $8,440,885.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $467.45, for a total value of $50,952,050.00. Following the completion of the transaction, the insider now owns 91,924,308 shares in the company, valued at $42,970,017,774.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 327,370 shares of company stock worth $153,495,958. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MA has been the subject of a number of recent analyst reports. Robert W. Baird raised their price objective on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Citigroup lifted their price target on shares of Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Oppenheimer started coverage on shares of Mastercard in a report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 target price for the company. Finally, Bank of America upped their price target on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Four analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $537.92.

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.