Mastercard Incorporated $MA Stake Trimmed by Manitou Investment Management Ltd.

Manitou Investment Management Ltd. lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 0.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,106 shares of the credit services provider’s stock after selling 378 shares during the quarter. Mastercard accounts for about 7.5% of Manitou Investment Management Ltd.’s investment portfolio, making the stock its 6th largest position. Manitou Investment Management Ltd.’s holdings in Mastercard were worth $39,395,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Accredited Investors Inc. lifted its holdings in Mastercard by 2.6% during the first quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider’s stock valued at $394,000 after purchasing an additional 18 shares in the last quarter. Wealthstream Advisors Inc. lifted its holdings in Mastercard by 2.9% during the first quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock valued at $347,000 after purchasing an additional 18 shares in the last quarter. KRS Capital Management LLC lifted its holdings in Mastercard by 0.6% during the second quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock valued at $1,601,000 after purchasing an additional 18 shares in the last quarter. Pinion Investment Advisors LLC lifted its holdings in Mastercard by 0.8% during the second quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock valued at $1,276,000 after purchasing an additional 18 shares in the last quarter. Finally, Phillips Wealth Planners LLC lifted its holdings in shares of Mastercard by 1.8% in the first quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider’s stock worth $538,000 after buying an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Mastercard stock opened at $556.80 on Friday. The company has a market cap of $503.35 billion, a price-to-earnings ratio of 37.55, a PEG ratio of 2.28 and a beta of 0.97. The firm’s fifty day moving average is $581.01 and its 200 day moving average is $562.86. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77.

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

Mastercard Announces Dividend

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

Analyst Upgrades and Downgrades

MA has been the topic of several research analyst reports. Wall Street Zen downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a report on Friday, September 26th. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Robert W. Baird boosted their target price on shares of Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a report on Thursday, July 17th. They issued a “buy” rating and a $650.00 target price on the stock. Finally, Wells Fargo & Company boosted their target price on shares of Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $634.04.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction 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. The trade was a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.09% of the stock is owned by company insiders.

Mastercard 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.