Mastercard Incorporated $MA Shares Acquired by Abacus FCF Advisors LLC

Abacus FCF Advisors LLC increased its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 18.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,440 shares of the credit services provider's stock after purchasing an additional 7,207 shares during the period. Mastercard accounts for about 3.6% of Abacus FCF Advisors LLC's investment portfolio, making the stock its largest holding. Abacus FCF Advisors LLC's holdings in Mastercard were worth $25,535,000 at the end of the most recent reporting period.

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Other hedge funds have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Mastercard in the second quarter worth $11,421,213,000. GAMMA Investing LLC boosted its holdings in shares of Mastercard by 65,631.5% during the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock worth $4,508,636,000 after purchasing an additional 8,213,123 shares during the period. Nuveen LLC acquired a new position in Mastercard in the 1st quarter valued at approximately $4,238,764,000. Wellington Management Group LLP lifted its position in Mastercard by 38.6% in the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock worth $7,413,936,000 after buying an additional 3,765,378 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Mastercard during the 4th quarter valued at $561,313,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Mastercard in a research report on Thursday, July 17th. They issued a "buy" rating and a $650.00 target price for the company. Wells Fargo & Company increased their price objective on Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. KeyCorp upped their target price on Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Finally, Wolfe Research set a $655.00 price target on Mastercard in a research note on Monday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $630.89.

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View Our Latest Analysis on MA

Insider Activity at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the transaction, the chief financial officer owned 31,234 shares of the company's stock, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Julius Genachowski sold 312 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the sale, the director directly owned 8,469 shares in the company, valued at approximately $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,717 shares of company stock valued at $22,684,831 over the last ninety days. 0.09% of the stock is currently owned by insiders.

Mastercard Trading Down 0.4%

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Shares of MA stock opened at $583.88 on Friday. The stock's fifty day moving average price is $577.23 and its two-hundred day moving average price is $559.09. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $527.83 billion, a PE ratio of 39.37, a P/E/G ratio of 2.39 and a beta of 0.99.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.05 by $0.10. The company had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm's revenue was up 16.8% compared to the same quarter last year. During the same period last year, the company earned $3.50 earnings per share. Equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard's dividend payout ratio (DPR) is currently 20.50%.

Mastercard 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.

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