Haverford Financial Services Inc. Cuts Stake in Mastercard Inc (NYSE:MA)

Haverford Financial Services Inc. decreased its position in Mastercard Inc (NYSE:MA) by 9.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,715 shares of the credit services provider’s stock after selling 6,469 shares during the period. Mastercard accounts for about 5.4% of Haverford Financial Services Inc.’s investment portfolio, making the stock its 3rd biggest position. Haverford Financial Services Inc.’s holdings in Mastercard were worth $15,945,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MA. Nuveen Asset Management LLC boosted its holdings in shares of Mastercard by 2,608.7% in the second quarter. Nuveen Asset Management LLC now owns 9,177,186 shares of the credit services provider’s stock valued at $2,427,641,000 after purchasing an additional 8,838,385 shares during the period. Polen Capital Management LLC boosted its holdings in shares of Mastercard by 65.9% in the second quarter. Polen Capital Management LLC now owns 4,392,067 shares of the credit services provider’s stock valued at $1,161,833,000 after purchasing an additional 1,744,262 shares during the period. Invesco Ltd. boosted its holdings in shares of Mastercard by 50.9% in the second quarter. Invesco Ltd. now owns 5,016,084 shares of the credit services provider’s stock valued at $1,326,906,000 after purchasing an additional 1,691,911 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Mastercard by 12.5% in the second quarter. JPMorgan Chase & Co. now owns 13,943,219 shares of the credit services provider’s stock valued at $3,640,576,000 after purchasing an additional 1,548,776 shares during the period. Finally, Thoroughbred Financial Services LLC boosted its holdings in shares of Mastercard by 26,075.5% in the second quarter. Thoroughbred Financial Services LLC now owns 1,285,481 shares of the credit services provider’s stock valued at $128,548,000 after purchasing an additional 1,280,570 shares during the period. Hedge funds and other institutional investors own 74.21% of the company’s stock.

A number of research firms have weighed in on MA. Credit Suisse Group set a $292.00 target price on Mastercard and gave the stock a “buy” rating in a report on Tuesday, September 10th. UBS Group upped their target price on Mastercard from $300.00 to $312.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Goldman Sachs Group restated a “buy” rating on shares of Mastercard in a report on Tuesday, September 3rd. Tigress Financial restated a “buy” rating on shares of Mastercard in a report on Thursday, August 22nd. Finally, Guggenheim set a $305.00 target price on Mastercard and gave the stock a “buy” rating in a report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Mastercard currently has an average rating of “Buy” and an average price target of $303.45.

In other news, insider Michael Miebach sold 2,770 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $285.00, for a total transaction of $789,450.00. Following the sale, the insider now directly owns 12,778 shares of the company’s stock, valued at approximately $3,641,730. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 7,542 shares of the stock in a transaction dated 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 sale, the insider now directly owns 111,902,100 shares in the company, valued at $30,213,567,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,080 shares of company stock worth $27,149,356. Corporate insiders own 3.70% of the company’s stock.

MA traded up $2.10 during midday trading on Friday, hitting $274.89. 2,240,318 shares of the company were exchanged, compared to its average volume of 3,579,096. The company’s 50 day simple moving average is $272.46 and its 200 day simple moving average is $267.36. The firm has a market capitalization of $272.92 billion, a price-to-earnings ratio of 42.36, a price-to-earnings-growth ratio of 2.19 and a beta of 1.04. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.55. Mastercard Inc has a 1-year low of $171.89 and a 1-year high of $293.69.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.14. The company had revenue of $4.47 billion for the quarter, compared to the consensus estimate of $4.41 billion. Mastercard had a return on equity of 146.92% and a net margin of 42.50%. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period last year, the firm earned $1.78 EPS. On average, equities analysts anticipate that Mastercard Inc will post 7.69 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be paid 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 payout ratio is currently 20.34%.

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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