Sentry Investment Management LLC Acquires 736 Shares of Mastercard Incorporated (MA)

Sentry Investment Management LLC boosted its position in Mastercard Incorporated (NYSE:MA) by 1.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 75,771 shares of the credit services provider’s stock after acquiring an additional 736 shares during the period. Sentry Investment Management LLC’s holdings in Mastercard were worth $9,202,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Glassman Wealth Services grew its stake in Mastercard by 0.3% in the 1st quarter. Glassman Wealth Services now owns 1,769 shares of the credit services provider’s stock worth $199,000 after acquiring an additional 6 shares during the period. Proficio Capital Partners LLC grew its stake in Mastercard by 1.3% in the 2nd quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock worth $118,000 after acquiring an additional 12 shares during the period. Berkshire Asset Management LLC PA grew its stake in Mastercard by 0.3% in the 2nd quarter. Berkshire Asset Management LLC PA now owns 6,448 shares of the credit services provider’s stock worth $783,000 after acquiring an additional 18 shares during the period. First Interstate Bank grew its stake in Mastercard by 1.4% in the 2nd quarter. First Interstate Bank now owns 1,643 shares of the credit services provider’s stock worth $200,000 after acquiring an additional 23 shares during the period. Finally, Lourd Capital LLC grew its stake in Mastercard by 0.5% in the 2nd quarter. Lourd Capital LLC now owns 5,423 shares of the credit services provider’s stock worth $659,000 after acquiring an additional 26 shares during the period. 75.81% of the stock is owned by hedge funds and other institutional investors.

In other Mastercard news, Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $142.51, for a total value of $712,550.00. Following the transaction, the director now owns 45,278 shares in the company, valued at approximately $6,452,567.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Fraccaro sold 5,800 shares of the business’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total transaction of $856,022.00. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock worth $3,582,984 in the last 90 days. Company insiders own 0.30% of the company’s stock.

Mastercard Incorporated (MA) traded up $0.44 during trading hours on Friday, hitting $149.89. 2,107,460 shares of the company traded hands, compared to its average volume of 3,627,421. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market cap of $158,217.03, a price-to-earnings ratio of 34.67, a price-to-earnings-growth ratio of 1.99 and a beta of 1.20. Mastercard Incorporated has a 1-year low of $102.91 and a 1-year high of $154.65.

Mastercard (NYSE:MA) last posted its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.11. The business had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The business’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.08 EPS. equities research analysts forecast that Mastercard Incorporated will post 4.54 EPS for the current year.

Mastercard declared that its Board of Directors has approved a share repurchase program on Monday, December 4th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Tuesday, January 9th will be issued a dividend of $0.25 per share. This is a positive change from Mastercard’s previous quarterly dividend of $0.22. The ex-dividend date is Monday, January 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.67%. Mastercard’s payout ratio is presently 20.47%.

Several analysts have recently issued reports on MA shares. Wedbush reissued a “buy” rating and set a $140.00 price objective (up from $129.00) on shares of Mastercard in a research note on Wednesday, September 6th. Susquehanna Bancshares reissued a “positive” rating and set a $158.00 price objective (up from $149.00) on shares of Mastercard in a research note on Friday, September 8th. Barclays boosted their price objective on shares of Mastercard from $142.00 to $148.00 and gave the company an “overweight” rating in a research note on Friday, September 8th. Citigroup boosted their price objective on shares of Mastercard from $157.00 to $167.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Finally, Instinet reissued a “buy” rating and set a $163.00 price objective (up from $153.00) on shares of Mastercard in a research note on Saturday, September 9th. Two investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $159.22.

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About Mastercard

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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