Mastercard Inc (MA) Stake Boosted by BB&T Securities LLC

BB&T Securities LLC grew its position in shares of Mastercard Inc (NYSE:MA) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 143,286 shares of the credit services provider’s stock after acquiring an additional 3,570 shares during the period. BB&T Securities LLC’s holdings in Mastercard were worth $28,158,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MA. Merit Financial Group LLC bought a new position in Mastercard in the second quarter worth about $477,000. Montag A & Associates Inc. bought a new position in Mastercard in the second quarter worth about $724,000. Buckley Wealth Management LLC bought a new position in Mastercard in the second quarter worth about $803,000. Motley Fool Asset Management LLC raised its stake in Mastercard by 1.3% in the second quarter. Motley Fool Asset Management LLC now owns 106,668 shares of the credit services provider’s stock worth $20,962,000 after buying an additional 1,324 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in Mastercard by 7.2% in the first quarter. Cetera Investment Advisers now owns 8,434 shares of the credit services provider’s stock worth $1,488,000 after buying an additional 566 shares in the last quarter. 74.43% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Martina Hundmejean sold 69,817 shares of the stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $200.35, for a total transaction of $13,987,835.95. Following the sale, the chief financial officer now owns 128,905 shares in the company, valued at $25,826,116.75. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.32% of the company’s stock.

Shares of NYSE MA opened at $217.96 on Friday. Mastercard Inc has a fifty-two week low of $137.75 and a fifty-two week high of $218.82. The company has a market cap of $222.26 billion, a price-to-earnings ratio of 47.59, a price-to-earnings-growth ratio of 1.76 and a beta of 1.19. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.11.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 26th. The credit services provider reported $1.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.13. Mastercard had a net margin of 33.81% and a return on equity of 103.82%. The business had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the firm earned $1.10 earnings per share. The business’s revenue for the quarter was up 20.0% on a year-over-year basis. sell-side analysts anticipate that Mastercard Inc will post 6.41 EPS for the current year.

A number of research firms recently issued reports on MA. Loop Capital increased their price target on shares of Mastercard to $232.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. They noted that the move was a valuation call. Sandler O’Neill reissued a “hold” rating and issued a $209.00 price target on shares of Mastercard in a research note on Friday, July 27th. Royal Bank of Canada increased their price target on shares of Mastercard from $223.00 to $232.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 11th. They noted that the move was a valuation call. Buckingham Research increased their price target on shares of Mastercard from $222.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. Finally, Raymond James began coverage on shares of Mastercard in a research note on Tuesday, July 24th. They issued an “outperform” rating and a $244.00 price target for the company. Four investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $208.56.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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