Mastercard Inc (MA) Stake Lessened by Grandfield & Dodd LLC

Grandfield & Dodd LLC lowered its position in shares of Mastercard Inc (NYSE:MA) by 6.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,154 shares of the credit services provider’s stock after selling 800 shares during the quarter. Grandfield & Dodd LLC’s holdings in Mastercard were worth $2,706,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MA. FMR LLC boosted its stake in Mastercard by 6.0% during the second quarter. FMR LLC now owns 39,120,141 shares of the credit services provider’s stock valued at $7,687,891,000 after buying an additional 2,229,947 shares in the last quarter. Cornerstone Wealth Management LLC boosted its stake in Mastercard by 19,937.5% during the second quarter. Cornerstone Wealth Management LLC now owns 1,324,080 shares of the credit services provider’s stock valued at $6,699,000 after buying an additional 1,317,472 shares in the last quarter. Jennison Associates LLC boosted its stake in Mastercard by 4.7% during the second quarter. Jennison Associates LLC now owns 14,330,021 shares of the credit services provider’s stock valued at $2,816,136,000 after buying an additional 646,937 shares in the last quarter. BlackRock Inc. boosted its stake in Mastercard by 0.7% during the second quarter. BlackRock Inc. now owns 65,030,203 shares of the credit services provider’s stock valued at $12,779,736,000 after buying an additional 452,200 shares in the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd boosted its stake in Mastercard by 45.6% during the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,428,465 shares of the credit services provider’s stock valued at $317,990,000 after buying an additional 447,615 shares in the last quarter. 74.43% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently weighed in on the company. Morgan Stanley raised their target price on Mastercard from $224.00 to $228.00 and gave the company an “overweight” rating in a research note on Friday, July 27th. Oppenheimer raised their target price on Mastercard from $197.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, July 17th. KeyCorp reiterated an “overweight” rating and issued a $230.00 price target (up previously from $200.00) on shares of Mastercard in a research report on Thursday, July 26th. Wells Fargo & Co increased their price target on Mastercard from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Monday, October 1st. Finally, Sandler O’Neill reiterated a “hold” rating and issued a $209.00 price target on shares of Mastercard in a research report on Friday, July 27th. Three investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $219.24.

Shares of Mastercard stock opened at $205.62 on Friday. The stock has a market capitalization of $216.25 billion, a P/E ratio of 34.25, a price-to-earnings-growth ratio of 1.78 and a beta of 1.22. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.55 and a quick ratio of 1.55. Mastercard Inc has a 1 year low of $140.61 and a 1 year high of $225.35.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.10. The firm had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.86 billion. Mastercard had a return on equity of 114.58% and a net margin of 35.88%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.34 EPS. On average, research analysts forecast that Mastercard Inc will post 6.43 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Tuesday, October 9th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.49%. The ex-dividend date was Friday, October 5th. Mastercard’s dividend payout ratio is currently 21.83%.

In other Mastercard news, Director Richard K. Davis acquired 2,475 shares of Mastercard stock in a transaction that occurred on Friday, November 2nd. The stock was purchased at an average cost of $196.37 per share, with a total value of $486,015.75. Following the purchase, the director now owns 3,468 shares in the company, valued at $681,011.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.32% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION WARNING: “Mastercard Inc (MA) Stake Lessened by Grandfield & Dodd LLC” was first reported by American Banking News and is the property of of American Banking News. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://www.americanbankingnews.com/2018/11/10/mastercard-inc-ma-stake-lessened-by-grandfield-dodd-llc.html.

Mastercard Company 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.

Read More: How to Track your Portfolio in Google Finance

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply