Bluegrass Capital Partners LP Increases Stock Holdings in Mastercard Incorporated $MA

Bluegrass Capital Partners LP raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,000 shares of the credit services provider’s stock after purchasing an additional 1,000 shares during the quarter. Mastercard makes up approximately 10.9% of Bluegrass Capital Partners LP’s portfolio, making the stock its 5th largest holding. Bluegrass Capital Partners LP’s holdings in Mastercard were worth $15,734,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Wealthstream Advisors Inc. boosted its holdings in Mastercard by 2.9% in the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock worth $347,000 after buying an additional 18 shares during the period. Pinion Investment Advisors LLC lifted its position in shares of Mastercard by 0.8% during the second quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock worth $1,276,000 after acquiring an additional 18 shares in the last quarter. KRS Capital Management LLC boosted its holdings in shares of Mastercard by 0.6% in the second quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock worth $1,601,000 after acquiring an additional 18 shares during the period. Nvest Financial LLC grew its position in shares of Mastercard by 1.2% in the second quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock valued at $846,000 after purchasing an additional 18 shares in the last quarter. Finally, Washington Trust Advisors Inc. grew its position in shares of Mastercard by 5.6% in the second quarter. Washington Trust Advisors Inc. now owns 339 shares of the credit services provider’s stock valued at $191,000 after purchasing an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the topic of a number of recent research reports. TD Cowen reissued a “buy” rating and set a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Royal Bank Of Canada upped their price target on Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a research report on Friday, October 31st. The Goldman Sachs Group restated a “buy” rating and issued a $713.00 price objective on shares of Mastercard in a research report on Thursday, October 30th. Morgan Stanley set a $665.00 price objective on shares of Mastercard and gave the company an “overweight” rating in a research note on Friday, October 31st. Finally, Cowen reiterated a “buy” rating on shares of Mastercard in a research note on Friday, October 31st. Four analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $652.50.

Mastercard Stock Up 2.4%

MA stock opened at $540.42 on Friday. The company’s 50 day moving average is $563.32 and its 200 day moving average is $569.09. The stock has a market cap of $485.29 billion, a price-to-earnings ratio of 36.44, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. The business had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.89 EPS. Sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Thursday, October 9th were given a dividend of $0.76 per share. The ex-dividend date was Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is presently 19.44%.

Insider Transactions at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. This represents a 35.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is currently owned by company insiders.

Mastercard 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.