McIlrath & Eck LLC Grows Stake in Mastercard Inc (NYSE:MA)

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McIlrath & Eck LLC raised its stake in Mastercard Inc (NYSE:MA) by 10.2% during the third quarter, HoldingsChannel reports. The fund owned 1,441 shares of the credit services provider’s stock after buying an additional 133 shares during the period. Mastercard comprises approximately 0.2% of McIlrath & Eck LLC’s holdings, making the stock its 28th largest position. McIlrath & Eck LLC’s holdings in Mastercard were worth $391,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Joseph P. Lucia & Associates LLC bought a new position in Mastercard in the second quarter valued at about $26,000. Ellevest Inc. lifted its holdings in 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 acquiring an additional 38 shares during the period. Howe & Rusling Inc. bought a new position in Mastercard in the third quarter valued at about $29,000. Delphi Private Advisors LLC bought a new position in Mastercard in the second quarter valued at about $31,000. Finally, Evolution Wealth Advisors LLC bought a new position in Mastercard in the second quarter valued at about $31,000. 74.21% of the stock is currently owned by hedge funds and other institutional investors.

MA has been the topic of a number of recent research reports. Citigroup increased their target price on Mastercard from $288.00 to $317.00 and gave the company a “buy” rating in a report on Monday, September 9th. Moffett Nathanson set a $320.00 price objective on Mastercard and gave the stock a “buy” rating in a research note on Wednesday, September 18th. BMO Capital Markets raised their price objective on 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. UBS Group raised their price objective on Mastercard from $300.00 to $312.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of Mastercard in a research note on Tuesday, September 3rd. Three research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $303.45.

Shares of NYSE:MA traded up $2.10 during trading on Friday, hitting $274.89. 2,200,430 shares of the company’s stock were exchanged, compared to its average volume of 3,524,577. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.39 and a quick ratio of 1.39. Mastercard Inc has a 52-week low of $171.89 and a 52-week high of $293.69. The business’s 50-day simple moving average is $272.40 and its 200 day simple moving average is $267.53. The company has a market cap of $272.92 billion, a price-to-earnings ratio of 42.36, a PEG ratio of 2.19 and a beta of 1.04.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were 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 was Tuesday, October 8th. Mastercard’s dividend payout ratio is currently 20.34%.

In related news, 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 completion of the sale, the insider now owns 111,902,100 shares in the company, valued at $30,213,567,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Miebach sold 2,770 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $285.00, for a total value of $789,450.00. Following the sale, the insider now owns 12,778 shares of the company’s stock, valued at approximately $3,641,730. The disclosure for this sale can be found here. Insiders have sold 99,080 shares of company stock valued at $27,149,356 in the last quarter. 3.70% of the stock is currently owned by company 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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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)

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