Mastercard Incorporated $MA Position Increased by Northside Capital Management LLC

Northside Capital Management LLC grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 4,187.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,566 shares of the credit services provider’s stock after purchasing an additional 21,063 shares during the period. Mastercard accounts for 0.9% of Northside Capital Management LLC’s portfolio, making the stock its 29th biggest position. Northside Capital Management LLC’s holdings in Mastercard were worth $12,119,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of MA. Brighton Jones LLC grew its position in shares of Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after acquiring an additional 2,028 shares during the last quarter. Bank Pictet & Cie Europe AG grew its position in Mastercard by 11.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider’s stock valued at $37,108,000 after buying an additional 7,452 shares in the last quarter. Mascagni Wealth Management Inc. bought a new position in Mastercard in the 4th quarter valued at about $73,000. Ameriflex Group Inc. acquired a new stake in Mastercard in the 4th quarter valued at about $55,000. Finally, Great Valley Advisor Group Inc. lifted its holdings in Mastercard by 18.5% in the 4th quarter. Great Valley Advisor Group Inc. now owns 3,530 shares of the credit services provider’s stock valued at $1,859,000 after acquiring an additional 552 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Julius Genachowski sold 312 shares of the firm’s stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the sale, the director owned 8,469 shares of the company’s stock, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,449 shares of company stock valued at $21,974,441. 0.09% of the stock is owned by corporate insiders.

Mastercard Stock Down 2.6%

Shares of MA stock opened at $569.51 on Wednesday. The stock has a market cap of $514.84 billion, a P/E ratio of 38.40, a price-to-earnings-growth ratio of 2.40 and a beta of 0.99. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The stock has a fifty day moving average price of $578.24 and a 200 day moving average price of $559.49. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. The company had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business’s revenue was up 16.8% on a year-over-year basis. During the same period last year, the business earned $3.50 earnings per share. Analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is presently 20.50%.

Analyst Upgrades and Downgrades

MA has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a report on Thursday, July 17th. They issued a “buy” rating and a $650.00 price target for the company. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. KeyCorp increased their price objective on Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a report on Friday, June 6th. Finally, TD Cowen reiterated a “buy” rating and set a $645.00 price target on shares of Mastercard in a report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $630.89.

Mastercard Company Profile

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.