Greenleaf Trust Increases Position in Mastercard Incorporated (MA)

Greenleaf Trust raised its position in shares of Mastercard Incorporated (NYSE:MA) by 4.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 14,184 shares of the credit services provider’s stock after buying an additional 652 shares during the period. Greenleaf Trust’s holdings in Mastercard were worth $1,723,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of MA. Cookson Peirce & Co. Inc. boosted its stake in shares of Mastercard by 1.2% in the first quarter. Cookson Peirce & Co. Inc. now owns 13,441 shares of the credit services provider’s stock worth $1,512,000 after buying an additional 160 shares during the last quarter. Adviser Investments LLC purchased a new stake in Mastercard during the first quarter valued at about $727,000. Linscomb & Williams Inc. boosted its stake in Mastercard by 5.7% in the first quarter. Linscomb & Williams Inc. now owns 11,223 shares of the credit services provider’s stock valued at $1,262,000 after buying an additional 603 shares in the last quarter. Tompkins Financial Corp boosted its stake in Mastercard by 9.7% in the first quarter. Tompkins Financial Corp now owns 10,703 shares of the credit services provider’s stock valued at $1,011,000 after buying an additional 949 shares in the last quarter. Finally, Raub Brock Capital Management LP boosted its stake in Mastercard by 2.6% in the first quarter. Raub Brock Capital Management LP now owns 133,002 shares of the credit services provider’s stock valued at $14,959,000 after buying an additional 3,389 shares in the last quarter. 75.99% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Incorporated (MA) traded up 0.37% during midday trading on Monday, reaching $131.62. The company’s stock had a trading volume of 799,599 shares. Mastercard Incorporated has a 1-year low of $94.41 and a 1-year high of $132.63. The firm has a 50 day moving average price of $127.74 and a 200 day moving average price of $118.27. The firm has a market capitalization of $140.16 billion, a PE ratio of 32.66 and a beta of 1.17.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the firm earned $0.96 EPS. Mastercard’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, analysts predict that Mastercard Incorporated will post $4.40 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 7th were given a $0.22 dividend. The ex-dividend date was Wednesday, July 5th. This represents a $0.88 annualized dividend and a yield of 0.67%. Mastercard’s dividend payout ratio (DPR) is 21.78%.

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Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Mastercard from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. Royal Bank Of Canada reaffirmed a “top pick” rating and set a $130.00 price target on shares of Mastercard in a research note on Friday, June 16th. BMO Capital Markets increased their price objective on shares of Mastercard from $123.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, May 3rd. Morgan Stanley increased their price objective on shares of Mastercard from $124.00 to $131.00 and gave the stock an “overweight” rating in a report on Tuesday, May 30th. Finally, Mizuho initiated coverage on shares of Mastercard in a report on Tuesday, June 27th. They set a “neutral” rating and a $125.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $128.20.

In other Mastercard news, CFO Martina Hundmejean sold 91,107 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the completion of the transaction, the chief financial officer now owns 170,570 shares in the company, valued at approximately $22,138,280.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 87,618 shares of the company’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $126.60, for a total transaction of $11,092,438.80. Following the transaction, the insider now owns 112,736,681 shares of the company’s stock, valued at approximately $14,272,463,814.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 850,468 shares of company stock valued at $109,574,694. 0.30% of the stock is owned by insiders.

About Mastercard

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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