Fagan Associates Inc. Decreases Stake in Mastercard Incorporated (MA)

Fagan Associates Inc. cut its position in shares of Mastercard Incorporated (NYSE:MA) by 9.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,246 shares of the credit services provider’s stock after selling 3,974 shares during the quarter. Mastercard comprises about 2.5% of Fagan Associates Inc.’s holdings, making the stock its 9th largest position. Fagan Associates Inc.’s holdings in Mastercard were worth $5,118,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of MA. Massey Quick Simon & CO. LLC acquired a new stake in Mastercard in the third quarter worth $102,000. Chicago Partners Investment Group LLC grew its holdings in Mastercard by 1,365.6% in the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after purchasing an additional 874 shares during the period. Thompson Davis & CO. Inc. grew its holdings in Mastercard by 170.1% in the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after purchasing an additional 546 shares during the period. Proficio Capital Partners LLC grew its holdings in Mastercard by 1.3% in the second quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock worth $118,000 after purchasing an additional 12 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Mastercard in the second quarter worth $121,000. Institutional investors own 75.62% of the company’s stock.

In related news, insider Edward Grunde Mclaughlin sold 17,167 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the completion of the transaction, the insider now owns 47,901 shares of the company’s stock, valued at $7,271,850.81. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.30% of the stock is currently owned by insiders.

MA has been the topic of a number of recent research reports. Robert W. Baird reaffirmed an “outperform” rating and issued a $182.00 price objective (up from $170.00) on shares of Mastercard in a research note on Friday. Vetr lowered shares of Mastercard from a “hold” rating to a “sell” rating and set a $158.70 price objective on the stock. in a research note on Wednesday, January 17th. Cowen reaffirmed a “buy” rating and issued a $171.00 price objective on shares of Mastercard in a research note on Friday, January 12th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $178.00 price objective (up from $167.00) on shares of Mastercard in a research note on Tuesday, January 9th. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $164.00 price objective on shares of Mastercard in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $162.22.

Mastercard Incorporated (NYSE:MA) opened at $168.28 on Tuesday. The firm has a market cap of $178,150.00, a PE ratio of 39.23, a PEG ratio of 1.88 and a beta of 1.21. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66. Mastercard Incorporated has a 12 month low of $104.01 and a 12 month high of $168.33.

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, topping the consensus estimate of $1.23 by $0.11. The firm had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The company’s revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the company earned $1.08 earnings per share. equities research analysts expect that Mastercard Incorporated will post 4.55 EPS for the current fiscal year.

Mastercard announced that its Board of Directors has initiated a stock repurchase plan on Monday, December 4th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the credit services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Tuesday, January 9th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, January 8th. This represents a $1.00 annualized dividend and a yield of 0.59%. This is a boost from Mastercard’s previous quarterly dividend of $0.22. Mastercard’s payout ratio is currently 23.31%.

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Mastercard Company Profile

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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