Farley Capital L.P. Has $37.12 Million Stock Holdings in Mastercard Incorporated $MA

Farley Capital L.P. grew its position in Mastercard Incorporated (NYSE:MA) by 0.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,058 shares of the credit services provider’s stock after purchasing an additional 100 shares during the quarter. Mastercard comprises approximately 29.1% of Farley Capital L.P.’s investment portfolio, making the stock its biggest holding. Farley Capital L.P.’s holdings in Mastercard were worth $37,121,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MA. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Mastercard during the 2nd quarter worth approximately $11,421,213,000. Nuveen LLC acquired a new stake in Mastercard during the first quarter valued at $4,238,764,000. Wellington Management Group LLP raised its position in shares of Mastercard by 38.6% in the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after acquiring an additional 3,765,378 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Mastercard by 3,493.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider’s stock valued at $524,914,000 after acquiring an additional 908,116 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in Mastercard by 4.7% during 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 purchasing an additional 907,184 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Royal Bank Of Canada increased their target price on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Wells Fargo & Company raised shares of Mastercard to a “strong-buy” rating in a report on Wednesday. TD Cowen reissued a “buy” rating and set a $645.00 target price on shares of Mastercard in a research note on Monday, August 11th. Morgan Stanley raised their price target on shares of Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, KeyCorp reiterated an “overweight” rating and issued a $665.00 price objective on shares of Mastercard in a report on Wednesday. Four investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $638.00.

Mastercard Stock Down 0.3%

NYSE MA opened at $570.57 on Thursday. The business’s fifty day simple moving average is $579.88 and its 200-day simple moving average is $564.14. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm has a market cap of $515.80 billion, a PE ratio of 38.47, a P/E/G ratio of 2.34 and a beta of 0.97. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (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 during the quarter, compared to analysts’ expectations of $7.95 billion. During the same period last year, the business earned $3.50 earnings per share. Mastercard’s revenue was up 16.8% compared to the same quarter last year. As a group, equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

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

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,330,922.26. This represents a 36.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by company insiders.

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.