Banco Santander S.A. Decreases Position in Mastercard Incorporated (NYSE:MA)

Banco Santander S.A. trimmed its holdings in shares of Mastercard Incorporated (NYSE:MAGet Rating) by 36.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,058 shares of the credit services provider’s stock after selling 12,811 shares during the quarter. Banco Santander S.A.’s holdings in Mastercard were worth $7,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. PrairieView Partners LLC lifted its stake in shares of Mastercard by 58.2% during the first quarter. PrairieView Partners LLC now owns 87 shares of the credit services provider’s stock worth $31,000 after buying an additional 32 shares during the period. Dixon Hughes Goodman Wealth Advisors LLC purchased a new position in Mastercard in the 4th quarter worth $37,000. Western Pacific Wealth Management LP acquired a new stake in Mastercard during the 4th quarter worth about $39,000. Joseph P. Lucia & Associates LLC purchased a new stake in Mastercard during the 1st quarter valued at about $44,000. Finally, American National Bank acquired a new position in shares of Mastercard in the first quarter valued at about $46,000. 74.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MA has been the subject of a number of research reports. Wells Fargo & Company decreased their target price on Mastercard from $450.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, July 13th. BMO Capital Markets lifted their price objective on shares of Mastercard from $402.00 to $422.00 in a research note on Monday, August 1st. Tigress Financial reiterated a “buy” rating and issued a $472.00 price objective on shares of Mastercard in a research note on Friday, July 15th. Piper Sandler decreased their target price on shares of Mastercard from $357.00 to $298.00 and set an “underweight” rating for the company in a research report on Wednesday, July 6th. Finally, Bank of America cut their price target on Mastercard from $416.00 to $402.00 and set a “buy” rating on the stock in a research report on Monday, April 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $414.55.

Mastercard Stock Performance

NYSE:MA opened at $357.51 on Friday. The company has a fifty day moving average of $335.68 and a two-hundred day moving average of $347.77. Mastercard Incorporated has a fifty-two week low of $303.65 and a fifty-two week high of $399.92. The stock has a market capitalization of $345.49 billion, a PE ratio of 36.22, a P/E/G ratio of 1.69 and a beta of 1.04. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.26 and a current ratio of 1.26.

Mastercard (NYSE:MAGet Rating) last released its quarterly earnings results on Thursday, July 28th. The credit services provider reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.20. Mastercard had a net margin of 46.49% and a return on equity of 143.35%. The firm had revenue of $5.50 billion during the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter in the prior year, the firm earned $1.95 EPS. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. As a group, research analysts forecast that Mastercard Incorporated will post 10.64 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 9th. Stockholders of record on Friday, July 8th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Thursday, July 7th. Mastercard’s dividend payout ratio is presently 19.86%.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 106,326 shares of the firm’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $327.74, for a total value of $34,847,283.24. Following the transaction, the insider now owns 103,841,972 shares in the company, valued at approximately $34,033,167,903.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 318,982 shares of company stock worth $105,338,500. 0.33% of the stock is owned by corporate insiders.

Mastercard Profile

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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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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