Achmea Investment Management B.V. Purchases 7,222 Shares of Mastercard Incorporated (NYSE:MA)

Achmea Investment Management B.V. increased its position in shares of Mastercard Incorporated (NYSE:MA) by 10.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 77,179 shares of the credit services provider’s stock after acquiring an additional 7,222 shares during the period. Mastercard makes up about 0.6% of Achmea Investment Management B.V.’s holdings, making the stock its 29th biggest position. Achmea Investment Management B.V.’s holdings in Mastercard were worth $34,048,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Mastercard by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock worth $36,399,279,000 after acquiring an additional 330,872 shares during the period. Capital International Investors boosted its stake in shares of Mastercard by 3.3% in the 4th quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock valued at $8,974,478,000 after purchasing an additional 676,452 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Mastercard by 0.3% in the 1st quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock valued at $6,574,347,000 after purchasing an additional 43,881 shares in the last quarter. Norges Bank purchased a new stake in shares of Mastercard in the 4th quarter valued at $4,595,559,000. Finally, American Century Companies Inc. boosted its stake in shares of Mastercard by 0.9% in the 2nd quarter. American Century Companies Inc. now owns 4,250,760 shares of the credit services provider’s stock valued at $1,875,266,000 after purchasing an additional 38,380 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Down 0.0 %

NYSE:MA opened at $488.01 on Thursday. The firm has a market cap of $453.66 billion, a P/E ratio of 38.79, a P/E/G ratio of 1.87 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00. The firm has a 50-day simple moving average of $458.92 and a two-hundred day simple moving average of $460.06.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were paid a $0.66 dividend. The ex-dividend date was Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.54%. Mastercard’s dividend payout ratio is presently 20.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Piper Sandler upped their price objective on shares of Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. BNP Paribas cut shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target for the company. in a research report on Tuesday, September 3rd. BMO Capital Markets reissued an “outperform” rating and set a $520.00 price target on shares of Mastercard in a research report on Wednesday, August 14th. William Blair raised shares of Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, Citigroup increased 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. Five analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $510.88.

Insider Transactions at Mastercard

In other news, insider Craig Vosburg sold 9,028 shares of Mastercard stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $451.06, for a total value of $4,072,169.68. Following the completion of the sale, the insider now directly owns 58,940 shares in the company, valued at $26,585,476.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total value of $42,192,000.00. Following the transaction, the insider now owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the completion of the transaction, the insider now directly owns 58,940 shares in the company, valued at approximately $26,585,476.40. The disclosure for this sale can be found here. Insiders sold 943,467 shares of company stock worth $431,056,895 over the last three months. 0.10% of the stock is currently owned by company insiders.

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.