BNP PARIBAS ASSET MANAGEMENT Holding S.A. Lowers Stock Holdings in Mastercard Incorporated (NYSE:MA)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 214,928 shares of the credit services provider’s stock after selling 6,762 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Mastercard were worth $94,818,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. International Assets Investment Management LLC grew its holdings in shares of Mastercard by 2.1% in the fourth quarter. International Assets Investment Management LLC now owns 6,885 shares of the credit services provider’s stock valued at $2,937,000 after purchasing an additional 141 shares during the period. Patrick M Sweeney & Associates Inc. acquired a new stake in Mastercard during the 4th quarter worth approximately $451,000. Gilbert & Cook Inc. boosted its holdings in Mastercard by 8.3% in the fourth quarter. Gilbert & Cook Inc. now owns 3,134 shares of the credit services provider’s stock valued at $1,337,000 after purchasing an additional 241 shares during the period. Mather Group LLC. grew its position in shares of Mastercard by 7.6% during the fourth quarter. Mather Group LLC. now owns 11,417 shares of the credit services provider’s stock worth $4,869,000 after buying an additional 806 shares in the last quarter. Finally, McAdam LLC increased its position in shares of Mastercard by 6.1% in the 4th quarter. McAdam LLC now owns 769 shares of the credit services provider’s stock valued at $328,000 after purchasing an additional 44 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In related news, major shareholder Foundation Mastercard sold 110,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $441.43, for a total transaction of $48,557,300.00. Following the completion of the transaction, the insider now owns 94,014,308 shares of the company’s stock, valued at $41,500,735,980.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Mastercard news, major shareholder Foundation Mastercard sold 110,000 shares of Mastercard stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $441.43, for a total transaction of $48,557,300.00. Following the transaction, the insider now owns 94,014,308 shares of the company’s stock, valued at approximately $41,500,735,980.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The disclosure for this sale can be found here. Insiders have sold 1,516,959 shares of company stock valued at $686,890,426 in the last quarter. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. BNP Paribas raised Mastercard to a “strong-buy” rating in a research report on Thursday, July 25th. KeyCorp increased their target price on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Royal Bank of Canada upped their price objective on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. TD Cowen raised their price target on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Piper Sandler boosted their price objective on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Three analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $512.09.

Mastercard Stock Up 0.5 %

Shares of MA traded up $2.30 during midday trading on Friday, hitting $483.10. The company had a trading volume of 2,981,796 shares, compared to its average volume of 2,451,809. The stock has a market cap of $449.10 billion, a price-to-earnings ratio of 38.42, a PEG ratio of 1.82 and a beta of 1.09. The company’s 50 day moving average price is $452.63 and its 200 day moving average price is $458.94. The company has a quick ratio of 1.09, 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 $490.00.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.55%. Mastercard’s dividend payout ratio is currently 20.99%.

About Mastercard

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.