Lincoln Capital LLC Sells 737 Shares of Mastercard Incorporated $MA

Lincoln Capital LLC cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,107 shares of the credit services provider’s stock after selling 737 shares during the period. Mastercard accounts for approximately 6.7% of Lincoln Capital LLC’s investment portfolio, making the stock its 3rd biggest holding. Lincoln Capital LLC’s holdings in Mastercard were worth $32,751,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Quantbot Technologies LP acquired a new position in shares of Mastercard in the 1st quarter valued at $2,367,000. Wellington Management Group LLP increased its position in shares of Mastercard by 38.6% in the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after acquiring an additional 3,765,378 shares during the period. Cornerstone Select Advisors LLC acquired a new position in shares of Mastercard in the 1st quarter valued at $203,000. Aptus Capital Advisors LLC increased its position in shares of Mastercard by 8.7% in the 1st quarter. Aptus Capital Advisors LLC now owns 11,628 shares of the credit services provider’s stock valued at $6,373,000 after acquiring an additional 933 shares during the period. Finally, Watts Gwilliam & Co. LLC increased its position in shares of Mastercard by 22.3% in the 1st quarter. Watts Gwilliam & Co. LLC now owns 917 shares of the credit services provider’s stock valued at $503,000 after acquiring an additional 167 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Mastercard news, Director Julius Genachowski sold 312 shares of the company’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 transaction, the director owned 8,469 shares in the company, valued at $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the company’s stock in a transaction on Friday, June 13th. The shares were sold at an average price of $572.86, for a total transaction of $549,372.74. Following the completion of the transaction, the insider owned 25,540 shares of the company’s stock, valued at $14,630,844.40. This represents a 3.62% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,453 shares of company stock worth $20,178,667. 0.09% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MA shares. Macquarie cut their target price on Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft started coverage on Mastercard in a research report on Thursday, July 17th. They issued a “buy” rating and a $650.00 target price on the stock. Royal Bank Of Canada upped 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. Citigroup upped their target price on Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Finally, UBS Group increased their price target on Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Five analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $617.93.

Mastercard Stock Down 0.3%

Shares of NYSE MA opened at $582.06 on Monday. The firm has a market cap of $526.19 billion, a price-to-earnings ratio of 39.25, a PEG ratio of 2.39 and a beta of 1.03. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 52-week low of $461.90 and a 52-week high of $594.71. The business’s 50 day moving average is $563.30 and its two-hundred day moving average is $554.61.

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

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 9th. Mastercard’s dividend payout ratio is 20.50%.

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.