Napean Trading & Investment Co Singapore PTE Ltd Acquires Shares of Mastercard Incorporated

Napean Trading & Investment Co Singapore PTE Ltd has made a significant investment by acquiring a new position in Mastercard Incorporated (NYSE:MA) during the 4th quarter, as reported in their latest disclosure to the SEC. The institutional investor purchased 14,534 shares of Mastercard's stock, which is valued at around $7,653,000. This investment represents about 1.9% of Napean Trading's total holdings, positioning Mastercard as their 20th largest investment.

Other institutional investors have also adjusted their stakes in Mastercard recently. For instance, Addison Advisors LLC increased its holdings by 3.8% during the same quarter, bringing their total to 493 shares valued at $260,000 after acquiring an additional 18 shares. Additionally, Capital Investment Advisory Services LLC raised their position by 0.6%, now owning 3,135 shares worth $1,651,000 after a purchase of 19 shares. Furthermore, Capital Investment Services of America Inc. raised its stake by 4.2%, owning 475 shares valued at $250,000. Augustine Asset Management Inc. also increased their holdings by 1.1%, totaling 1,797 shares worth $946,000 with 19 shares added. Richard W. Paul & Associates LLC grew their position by 0.9%, now holding 2,245 shares valued at $1,182,000. Collectively, hedge funds and institutional investors own 97.28% of Mastercard's stock.

Recent Analyst Ratings and Price Targets

Mastercard has garnered attention from various research analysts, several of whom have issued new ratings. For example, Tigress Financial reaffirmed a "strong-buy" rating on March 10th. Citigroup raised their price target from $584.00 to $650.00, maintaining a "buy" rating. Similarly, UBS Group increased their target from $600.00 to $660.00 and also rated the stock as "buy." JP Morgan Chase & Co. boosted their price target from $590.00 to $610.00, giving it an "overweight" rating. Lastly, KeyCorp increased their target price from $600.00 to $630.00, maintaining an "overweight" rating. Generally, four analysts have given Mastercard a hold rating, while twenty-four analysts recommend a buy, and two analysts have assigned a strong buy rating. According to MarketBeat, the prevailing consensus rating is "Moderate Buy," with an average target price set at $606.11.

Mastercard’s Stock Performance Overview

As of Monday, Mastercard shares opened at $535.14. Over the past year, the stock has fluctuated between a low of $428.86 and a high of $582.23. The company's financial ratios indicate a debt-to-equity ratio of 2.68, a quick ratio of 1.03, and a current ratio of 1.03. Mastercard’s market capitalization stands at approximately $487.89 billion, with a PE ratio of 38.53 and a PEG ratio of 2.37. The 50-day moving average price is $547.55, while the 200-day moving average price is $524.95.

Quarterly Earnings and Dividend Details

Mastercard recently announced its quarterly earnings results on January 30th, reporting earnings per share of $3.82, exceeding analysts' expectations of $3.71 by $0.11. The company achieved a net margin of 45.71% and a remarkable return on equity of 188.47%. Analysts project that Mastercard will post earnings per share of 15.91 for the current financial year.

Additionally, Mastercard has declared a quarterly dividend, set to be paid on May 9th. Shareholders who are on record as of April 9th will receive a dividend of $0.76, reflecting an annualized dividend total of $3.04, resulting in a yield of 0.57%. The ex-dividend date is April 9th, and the dividend payout ratio is 21.89%. The company’s board has also approved a share repurchase plan, allowing the buyback of up to $12.00 billion worth of shares, indicating management's confidence in the stock's value.

Insider Trading Activity

In insider transactions, Edward Grunde Mclaughlin, an insider, sold 7,132 shares of Mastercard on March 19th for an average price of $534.68, totaling approximately $3.81 million. Following this transaction, Mclaughlin holds 34,524 shares valued at around $18.46 million, marking a 17.12% decrease in his stock ownership. These transactions were disclosed in an SEC filing.

Company Overview

Mastercard Incorporated is a technology company that focuses on transaction processing and other payment-related services, both in the United States and globally. It offers integrated products and services to various clients, including account holders, merchants, financial institutions, and governments. Mastercard provides solutions that include programs for deferring payments and access to funds in accounts, catering to a diverse range of customers and partners.

Mastercard, Investment, Acquisition