Mastercard Incorporated (NYSE:MA) Stock Holdings Lowered by Telos Capital Management Inc.

Telos Capital Management Inc. trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,060 shares of the credit services provider’s stock after selling 895 shares during the period. Mastercard comprises approximately 1.3% of Telos Capital Management Inc.’s investment portfolio, making the stock its 21st biggest position. Telos Capital Management Inc.’s holdings in Mastercard were worth $12,375,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MA. Capital Advisors Wealth Management LLC acquired a new position in shares of Mastercard in the first quarter worth about $217,000. Annex Advisory Services LLC boosted its stake in Mastercard by 42.9% in the 1st quarter. Annex Advisory Services LLC now owns 1,125 shares of the credit services provider’s stock worth $542,000 after purchasing an additional 338 shares during the period. Fermata Advisors LLC acquired a new position in Mastercard in the 1st quarter worth approximately $245,000. Von Berge Wealth Management Group LLC purchased a new position in Mastercard during the 1st quarter worth approximately $229,000. Finally, Sarasin & Partners LLP raised its stake in Mastercard by 2.2% during the 1st quarter. Sarasin & Partners LLP now owns 734,881 shares of the credit services provider’s stock valued at $353,897,000 after purchasing an additional 15,756 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the transaction, the insider now owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the transaction, the insider now directly owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is currently owned by company insiders.

Mastercard Price Performance

NYSE MA opened at $515.01 on Tuesday. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $518.82. The company has a fifty day simple moving average of $488.09 and a 200 day simple moving average of $464.33. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The company has a market cap of $478.76 billion, a P/E ratio of 40.94, a P/E/G ratio of 2.22 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. The company had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. On average, sell-side analysts predict that Mastercard Incorporated will post 14.3 EPS for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.99%.

Analysts Set New Price Targets

Several brokerages recently issued reports on MA. TD Cowen increased their price objective on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Bank of America increased their price target on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. William Blair raised shares of Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Oppenheimer assumed coverage on shares of Mastercard in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 target price for the company. Finally, Robert W. Baird lifted their target price on shares of Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $525.68.

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.