Trillium Asset Management LLC Has $86.78 Million Position in Mastercard Incorporated $MA

Trillium Asset Management LLC trimmed its stake in shares of Mastercard Incorporated (NYSE:MA) by 6.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 154,418 shares of the credit services provider’s stock after selling 10,490 shares during the quarter. Mastercard comprises about 2.3% of Trillium Asset Management LLC’s portfolio, making the stock its 5th biggest holding. Trillium Asset Management LLC’s holdings in Mastercard were worth $86,775,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of MA. Kingstone Capital Partners Texas LLC bought a new stake in shares of Mastercard during the 2nd quarter worth $11,421,213,000. Nuveen LLC bought a new stake in shares of Mastercard during the 1st quarter worth $4,238,764,000. Wellington Management Group LLP lifted its position in shares of Mastercard by 38.6% during the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after buying an additional 3,765,378 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Mastercard by 3,493.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider’s stock worth $524,914,000 after buying an additional 908,116 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock worth $11,015,557,000 after buying an additional 907,184 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MA has been the subject of several recent analyst reports. Wells Fargo & Company dropped their price objective on Mastercard from $669.00 to $660.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Royal Bank Of Canada upped their target price on Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Deutsche Bank Aktiengesellschaft started coverage on Mastercard in a report on Thursday, July 17th. They issued a “buy” rating and a $650.00 target price for the company. Citigroup raised Mastercard to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $665.00 target price on shares of Mastercard in a report on Wednesday, October 22nd. Four analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $647.59.

Mastercard Trading Up 1.6%

Shares of MA stock opened at $552.68 on Wednesday. The stock has a market cap of $499.63 billion, a price-to-earnings ratio of 37.27, a PEG ratio of 2.27 and a beta of 0.97. The stock has a 50-day moving average of $574.64 and a 200-day moving average of $568.88. 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 1-year low of $465.59 and a 1-year high of $601.77.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.31 by $0.07. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. During the same quarter in the prior year, the firm posted $3.89 earnings per share. The business’s quarterly revenue was up 16.7% on a year-over-year basis. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is currently 19.44%.

Insider Buying and Selling

In related news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.09% of the stock is owned by corporate 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.