Mastercard Inc (NYSE:MA) Stock Position Lessened by Notis McConarty Edward

Notis McConarty Edward lessened its stake in shares of Mastercard Inc (NYSE:MA) by 4.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,274 shares of the credit services provider’s stock after selling 1,565 shares during the quarter. Mastercard comprises about 4.5% of Notis McConarty Edward’s investment portfolio, making the stock its biggest holding. Notis McConarty Edward’s holdings in Mastercard were worth $9,579,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in MA. Essex Financial Services Inc. lifted its stake in shares of Mastercard by 9.1% in the 3rd quarter. Essex Financial Services Inc. now owns 2,646 shares of the credit services provider’s stock worth $719,000 after purchasing an additional 220 shares during the period. Montag A & Associates Inc. lifted its stake in shares of Mastercard by 3.7% in the 3rd quarter. Montag A & Associates Inc. now owns 34,966 shares of the credit services provider’s stock worth $9,496,000 after purchasing an additional 1,242 shares during the period. First Trust Advisors LP lifted its stake in shares of Mastercard by 3.9% in the 3rd quarter. First Trust Advisors LP now owns 334,804 shares of the credit services provider’s stock worth $90,923,000 after purchasing an additional 12,413 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Mastercard by 61.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 88,436 shares of the credit services provider’s stock worth $24,017,000 after purchasing an additional 33,812 shares during the period. Finally, Donaldson Capital Management LLC lifted its stake in shares of Mastercard by 20.8% in the 3rd quarter. Donaldson Capital Management LLC now owns 1,824 shares of the credit services provider’s stock worth $495,000 after purchasing an additional 314 shares during the period. 74.21% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently weighed in on MA. BMO Capital Markets increased their price objective on shares of Mastercard to $348.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. They noted that the move was a valuation call. Guggenheim set a $305.00 price objective on shares of Mastercard and gave the stock a “buy” rating in a research note on Friday, November 1st. Credit Suisse Group set a $292.00 price objective on shares of Mastercard and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Moffett Nathanson set a $320.00 price objective on shares of Mastercard and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Finally, ValuEngine cut shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. Mastercard currently has a consensus rating of “Buy” and a consensus target price of $303.45.

NYSE MA traded up $2.10 on Friday, reaching $274.89. 2,240,536 shares of the stock were exchanged, compared to its average volume of 3,524,577. Mastercard Inc has a one year low of $171.89 and a one year high of $293.69. The firm has a market capitalization of $272.92 billion, a PE ratio of 42.36, a PEG ratio of 2.19 and a beta of 1.04. The company’s 50-day simple moving average is $272.40 and its two-hundred day simple moving average is $267.53. 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 (NYSE:MA) last released its earnings results on Tuesday, October 29th. The credit services provider reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.14. The company had revenue of $4.47 billion for the quarter, compared to analysts’ expectations of $4.41 billion. Mastercard had a net margin of 42.50% and a return on equity of 146.92%. The firm’s revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.78 EPS. Sell-side analysts forecast that Mastercard Inc will post 7.69 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given 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 of this dividend is Tuesday, October 8th. Mastercard’s payout ratio is currently 20.34%.

In other news, insider Michael Miebach sold 2,770 shares of Mastercard stock in a transaction that occurred on 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 owns 12,778 shares in the company, valued at $3,641,730. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Foundation Mastercard sold 15,890 shares of Mastercard stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $272.06, for a total transaction of $4,323,033.40. Following the sale, the insider now owns 112,030,712 shares in the company, valued at approximately $30,479,075,506.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 99,080 shares of company stock worth $27,149,356. Company insiders own 3.70% of the company’s stock.

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.

Further Reading: What is Considered a Good Return on Equity (ROE)?

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Inc (NYSE:MA).

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