Fayerweather Charles Reduces Position in Mastercard Inc (NYSE:MA)

Fayerweather Charles decreased its position in shares of Mastercard Inc (NYSE:MA) by 18.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,207 shares of the credit services provider’s stock after selling 2,279 shares during the period. Mastercard accounts for about 4.9% of Fayerweather Charles’ investment portfolio, making the stock its 2nd largest holding. Fayerweather Charles’ holdings in Mastercard were worth $2,772,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Joseph P. Lucia & Associates LLC bought a new position in shares of Mastercard in the second quarter valued at $26,000. Ellevest Inc. increased its holdings in shares of Mastercard by 52.8% in the second quarter. Ellevest Inc. now owns 110 shares of the credit services provider’s stock valued at $29,000 after buying an additional 38 shares in the last quarter. Howe & Rusling Inc. bought a new position in shares of Mastercard in the third quarter valued at $29,000. Delphi Private Advisors LLC bought a new position in shares of Mastercard in the second quarter valued at $31,000. Finally, Evolution Wealth Advisors LLC bought a new position in shares of Mastercard in the second quarter valued at $31,000. 74.21% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have issued reports on the company. Deutsche Bank upped their price target on Mastercard from $267.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Tigress Financial reiterated a “buy” rating on shares of Mastercard in a research report on Thursday, August 22nd. Morgan Stanley lifted their price objective on shares of Mastercard from $315.00 to $317.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Argus lifted their price objective on shares of Mastercard to $320.00 and gave the stock an “average” rating in a research report on Wednesday, July 31st. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a research report on Tuesday, September 3rd. Three research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $303.45.

Shares of Mastercard stock traded up $2.10 on Friday, hitting $274.89. 2,240,536 shares of the company traded hands, compared to its average volume of 3,524,577. The company has a 50-day moving average price of $272.46 and a 200 day moving average price of $267.36. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.55. Mastercard Inc has a 12-month low of $171.89 and a 12-month high of $293.69. The company has a market cap of $272.92 billion, a PE ratio of 42.36, a PEG ratio of 2.19 and a beta of 1.04.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $2.15 EPS for the quarter, beating the consensus estimate of $2.01 by $0.14. Mastercard had a net margin of 42.50% and a return on equity of 146.92%. The business had revenue of $4.47 billion for the quarter, compared to analysts’ expectations of $4.41 billion. During the same period in the previous year, the company posted $1.78 EPS. Mastercard’s revenue was up 14.6% on a year-over-year basis. Equities research analysts anticipate that Mastercard Inc will post 7.69 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Tuesday, October 8th. Mastercard’s dividend payout ratio is currently 20.34%.

In other Mastercard news, Director Richard K. Davis acquired 1,735 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average cost of $270.09 per share, for a total transaction of $468,606.15. Following the completion of the acquisition, the director now owns 6,031 shares of the company’s stock, valued at approximately $1,628,912.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 7,542 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $270.00, for a total transaction of $2,036,340.00. Following the completion of the sale, the insider now owns 111,902,100 shares of the company’s stock, valued at $30,213,567,000. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 99,080 shares of company stock worth $27,149,356. 3.70% of the stock is currently owned by corporate insiders.

About Mastercard

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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