Kingstone Capital Partners Texas LLC Acquires Shares of 20,324,613 Mastercard Incorporated $MA

Kingstone Capital Partners Texas LLC acquired a new stake in Mastercard Incorporated (NYSE:MA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,324,613 shares of the credit services provider’s stock, valued at approximately $11,421,213,000. Mastercard accounts for approximately 1.5% of Kingstone Capital Partners Texas LLC’s investment portfolio, making the stock its 23rd largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Mastercard by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock worth $42,503,787,000 after buying an additional 365,537 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Mastercard by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock worth $11,015,557,000 after acquiring an additional 907,184 shares during the last quarter. Wellington Management Group LLP boosted its stake in Mastercard by 38.6% during the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after purchasing an additional 3,765,378 shares during the last quarter. GAMMA Investing LLC boosted its stake in Mastercard by 65,631.5% during the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider’s stock worth $4,508,636,000 after purchasing an additional 8,213,123 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Mastercard during the 1st quarter worth $4,238,764,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a research report on Friday, June 6th. Wolfe Research set a $655.00 target price on Mastercard in a report on Monday, June 23rd. TD Cowen reissued a “buy” rating and set a $645.00 price objective on shares of Mastercard in a research note on Monday, August 11th. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research note on Friday, July 18th. Finally, Royal Bank Of Canada boosted their price target on shares of Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $630.89.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Raj Seshadri sold 1,100 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $546.77, for a total transaction of $601,447.00. Following the sale, the insider directly owned 12,921 shares in the company, valued at $7,064,815.17. This represents a 7.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer owned 31,234 shares in the company, valued at $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,717 shares of company stock valued at $22,684,831 in the last quarter. Corporate insiders own 0.09% of the company’s stock.

Mastercard Stock Performance

Shares of MA stock opened at $586.39 on Friday. The firm’s 50 day moving average price is $576.55 and its 200-day moving average price is $558.89. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The firm has a market cap of $530.11 billion, a P/E ratio of 39.54, a P/E/G ratio of 2.45 and a beta of 0.99.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same period in the prior year, the business posted $3.50 EPS. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, equities research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio is currently 20.50%.

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.