Mastercard Incorporated (NYSE:MA) Shares Sold by Martin & Co. Inc. TN

Martin & Co. Inc. TN lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 5.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,673 shares of the credit services provider’s stock after selling 304 shares during the quarter. Martin & Co. Inc. TN’s holdings in Mastercard were worth $2,231,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Mastercard by 98,203.6% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 825,436,694 shares of the credit services provider’s stock valued at $324,644,252,000 after buying an additional 824,597,013 shares in the last quarter. State Street Corp boosted its holdings in Mastercard by 3.9% in the 1st quarter. State Street Corp now owns 34,759,814 shares of the credit services provider’s stock worth $12,632,032,000 after acquiring an additional 1,303,477 shares during the period. Geode Capital Management LLC grew its position in Mastercard by 0.4% in the first quarter. Geode Capital Management LLC now owns 16,368,594 shares of the credit services provider’s stock valued at $5,936,110,000 after acquiring an additional 62,380 shares in the last quarter. Morgan Stanley raised its stake in shares of Mastercard by 17.7% during the fourth quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock valued at $5,509,328,000 after purchasing an additional 2,385,640 shares during the period. Finally, Norges Bank acquired a new position in shares of Mastercard during the fourth quarter worth $3,308,223,000. Hedge funds and other institutional investors own 74.94% of the company’s stock.

Mastercard Price Performance

NYSE MA traded up $0.58 on Monday, reaching $400.88. 572,420 shares of the stock traded hands, compared to its average volume of 2,644,712. Mastercard Incorporated has a 12 month low of $336.43 and a 12 month high of $418.60. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.24. The firm’s fifty day simple moving average is $395.21 and its 200 day simple moving average is $391.66. The company has a market cap of $375.94 billion, a price-to-earnings ratio of 34.96, a P/E/G ratio of 1.79 and a beta of 1.08.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 26th. The credit services provider reported $3.39 earnings per share for the quarter, beating the consensus estimate of $3.21 by $0.18. The company had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.53 billion. Mastercard had a net margin of 44.85% and a return on equity of 188.83%. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.68 EPS. As a group, research analysts predict that Mastercard Incorporated will post 12.16 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Monday, October 9th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Thursday, October 5th. Mastercard’s dividend payout ratio is 19.86%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Citigroup boosted their price target on Mastercard from $440.00 to $455.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. Wells Fargo & Company increased their target price on Mastercard from $425.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, July 28th. Morgan Stanley dropped their price target on shares of Mastercard from $443.00 to $439.00 and set an “overweight” rating for the company in a research note on Friday, October 27th. StockNews.com initiated coverage on shares of Mastercard in a research note on Thursday, October 5th. They set a “buy” rating on the stock. Finally, Barclays dropped their target price on shares of Mastercard from $479.00 to $470.00 and set an “overweight” rating for the company in a research report on Monday, October 30th. Two analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and an average target price of $450.09.

Insiders Place Their Bets

In other news, major shareholder Foundation Mastercard sold 125,816 shares of Mastercard stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $377.45, for a total transaction of $47,489,249.20. Following the completion of the sale, the insider now directly owns 98,424,221 shares in the company, valued at approximately $37,150,222,216.45. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, major shareholder Foundation Mastercard sold 125,816 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $377.45, for a total value of $47,489,249.20. Following the completion of the sale, the insider now directly owns 98,424,221 shares in the company, valued at $37,150,222,216.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO J. Mehra Sachin sold 6,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $413.65, for a total value of $2,481,900.00. Following the transaction, the chief financial officer now owns 20,707 shares in the company, valued at $8,565,450.55. The disclosure for this sale can be found here. In the last three months, insiders have sold 533,424 shares of company stock worth $206,051,295. Corporate insiders own 0.13% of the company’s stock.

Mastercard Profile

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 other payment-related products and services.