Selz Capital LLC Invests $16.84 Million in Mastercard Inc (NYSE:MA)

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Selz Capital LLC purchased a new position in shares of Mastercard Inc (NYSE:MA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 62,000 shares of the credit services provider’s stock, valued at approximately $16,837,000. Mastercard makes up approximately 4.2% of Selz Capital LLC’s portfolio, making the stock its 7th biggest position.

Several other large investors have also recently made changes to their positions in the company. Burns J W & Co. Inc. NY purchased a new stake in Mastercard in the 3rd quarter valued at approximately $212,000. Rockland Trust Co. lifted its stake in Mastercard by 2.6% in the 3rd quarter. Rockland Trust Co. now owns 60,269 shares of the credit services provider’s stock valued at $16,169,000 after buying an additional 1,533 shares in the last quarter. E&G Advisors LP lifted its stake in Mastercard by 17.1% in the 3rd quarter. E&G Advisors LP now owns 2,050 shares of the credit services provider’s stock valued at $557,000 after buying an additional 300 shares in the last quarter. Cypress Capital Group lifted its stake in Mastercard by 1.8% in the 3rd quarter. Cypress Capital Group now owns 29,610 shares of the credit services provider’s stock valued at $8,042,000 after buying an additional 522 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in Mastercard by 10.3% in the 3rd quarter. Pacer Advisors Inc. now owns 95,834 shares of the credit services provider’s stock valued at $26,026,000 after buying an additional 8,911 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Shares of MA stock traded up $4.00 on Friday, reaching $277.83. 2,431,367 shares of the stock were exchanged, compared to its average volume of 3,710,693. The stock has a market cap of $270.96 billion, a P/E ratio of 42.81, a price-to-earnings-growth ratio of 2.21 and a beta of 1.06. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.55. The firm has a 50 day moving average of $275.86 and a two-hundred day moving average of $262.23. 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, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.07. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the firm earned $1.66 EPS. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, equities research analysts predict that Mastercard Inc will post 7.61 EPS for the current fiscal year.

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

MA has been the topic of a number of recent analyst reports. Tigress Financial reissued a “buy” rating on shares of Mastercard in a research note on Thursday, August 22nd. Barclays increased their price target on Mastercard from $310.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Credit Suisse Group set a $292.00 price target on Mastercard and gave the stock a “buy” rating in a research note on Tuesday, September 10th. BMO Capital Markets set a $328.00 price target on Mastercard and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, UBS Group increased their price target on Mastercard from $300.00 to $312.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $299.09.

In related news, major shareholder Foundation Mastercard sold 7,950 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $275.98, for a total value of $2,194,041.00. Following the completion of the sale, the insider now directly owns 112,173,812 shares in the company, valued at approximately $30,957,728,635.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Miebach sold 2,233 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $283.12, for a total value of $632,206.96. Following the completion of the sale, the insider now owns 15,548 shares of the company’s stock, valued at $4,401,949.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 140,143 shares of company stock valued at $38,535,340. 3.70% of the stock is owned by 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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