Notis McConarty Edward Sells 589 Shares of Mastercard Incorporated $MA

Notis McConarty Edward trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 3.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,834 shares of the credit services provider’s stock after selling 589 shares during the period. Mastercard accounts for about 4.6% of Notis McConarty Edward’s investment portfolio, making the stock its 3rd largest position. Notis McConarty Edward’s holdings in Mastercard were worth $9,460,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Mastercard by 0.5% in the first quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock worth $42,503,787,000 after acquiring an additional 365,537 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in Mastercard during the second quarter valued at approximately $11,421,213,000. Price T Rowe Associates Inc. MD raised its stake in shares of Mastercard by 4.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock valued at $11,015,557,000 after purchasing an additional 907,184 shares during the period. Wellington Management Group LLP raised its stake in shares of Mastercard by 38.6% during the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after purchasing an additional 3,765,378 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Mastercard during the first quarter valued at approximately $4,238,764,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. This represents a 36.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Robert W. Baird lifted their price target on shares of Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research note on Monday. KeyCorp lifted their price objective on shares of Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Royal Bank Of Canada upped their price objective on shares of Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $634.04.

Mastercard Price Performance

MA stock opened at $576.40 on Thursday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The firm has a market capitalization of $521.07 billion, a PE ratio of 38.87, a P/E/G ratio of 2.38 and a beta of 0.97. The firm has a 50-day moving average of $581.11 and a two-hundred day moving average of $562.55.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. The company had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.50 earnings per share. On average, analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be issued a $0.76 dividend. The ex-dividend date is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard’s dividend payout ratio is currently 20.50%.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.