Papp L Roy & Associates cut its stake in Mastercard Inc (NYSE:MA) by 0.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,808 shares of the credit services provider’s stock after selling 100 shares during the period. Mastercard accounts for 1.4% of Papp L Roy & Associates’ investment portfolio, making the stock its 25th largest holding. Papp L Roy & Associates’ holdings in Mastercard were worth $8,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently made changes to their positions in MA. DeDora Capital Inc. increased its position in shares of Mastercard by 4.4% during the 2nd quarter. DeDora Capital Inc. now owns 4,850 shares of the credit services provider’s stock valued at $1,283,000 after purchasing an additional 203 shares during the last quarter. Smith Asset Management Group LP bought a new stake in shares of Mastercard in the 2nd quarter worth about $18,541,000. Dearborn Partners LLC increased its position in shares of Mastercard by 3.5% in the 2nd quarter. Dearborn Partners LLC now owns 140,223 shares of the credit services provider’s stock worth $37,093,000 after purchasing an additional 4,762 shares during the last quarter. World Asset Management Inc increased its position in shares of Mastercard by 1.2% in the 2nd quarter. World Asset Management Inc now owns 61,819 shares of the credit services provider’s stock worth $16,353,000 after purchasing an additional 755 shares during the last quarter. Finally, Brightworth increased its position in shares of Mastercard by 18.4% in the 2nd quarter. Brightworth now owns 3,852 shares of the credit services provider’s stock worth $1,019,000 after purchasing an additional 599 shares during the last quarter. Institutional investors and hedge funds own 74.21% of the company’s stock.
In other news, major shareholder Foundation Mastercard sold 7,542 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $270.00, for a total transaction of $2,036,340.00. Following the sale, the insider now owns 111,902,100 shares in the company, valued at $30,213,567,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $280.00, for a total transaction of $1,400,000.00. Following the sale, the director now owns 32,119 shares in the company, valued at approximately $8,993,320. The disclosure for this sale can be found here. Insiders sold a total of 99,080 shares of company stock worth $27,149,356 over the last quarter. Insiders own 3.70% of the company’s stock.
Shares of NYSE MA traded up $2.10 during midday trading on Friday, reaching $274.89. The company’s stock had a trading volume of 2,200,430 shares, compared to its average volume of 3,524,577. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.55. The company has a 50 day moving average price of $272.40 and a 200 day moving average price of $267.53. Mastercard Inc has a one year low of $171.89 and a one year high of $293.69. The company has a market cap of $272.92 billion, a price-to-earnings ratio of 42.36, a price-to-earnings-growth ratio of 2.19 and a beta of 1.04.
Mastercard (NYSE:MA) last released its earnings results on Tuesday, October 29th. The credit services provider reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.14. Mastercard had a net margin of 42.50% and a return on equity of 146.92%. The business had revenue of $4.47 billion for the quarter, compared to the consensus estimate of $4.41 billion. During the same period in the previous year, the firm earned $1.78 EPS. The business’s revenue for the quarter was up 14.6% on a year-over-year basis. Research analysts anticipate that Mastercard Inc will post 7.69 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were issued a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.48%. Mastercard’s payout ratio is currently 20.34%.
A number of brokerages have recently weighed in on MA. Royal Bank of Canada set a $315.00 price target on shares of Mastercard and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Argus upped their price target on shares of Mastercard to $320.00 and gave the stock an “average” rating in a research note on Wednesday, July 31st. Moffett Nathanson set a $320.00 price target on shares of Mastercard and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Raymond James upped their price target on shares of Mastercard from $300.00 to $308.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, SunTrust Banks upped their price target on shares of Mastercard from $310.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Three equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $303.45.
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 related products and services.
Further Reading: Initial Coin Offerings entail a high degree of risk
Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Inc (NYSE:MA).
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.