Main Street Financial Solutions LLC Acquires 669 Shares of Mastercard Incorporated (NYSE:MA)

Main Street Financial Solutions LLC grew its holdings in Mastercard Incorporated (NYSE:MA) by 20.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,990 shares of the credit services provider’s stock after purchasing an additional 669 shares during the quarter. Main Street Financial Solutions LLC’s holdings in Mastercard were worth $1,457,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MA. Summit Asset Management LLC boosted its holdings in Mastercard by 2.2% in the second quarter. Summit Asset Management LLC now owns 1,233 shares of the credit services provider’s stock worth $450,000 after purchasing an additional 27 shares in the last quarter. Weaver Consulting Group lifted its holdings in Mastercard by 4.3% in the 2nd quarter. Weaver Consulting Group now owns 679 shares of the credit services provider’s stock worth $248,000 after purchasing an additional 28 shares during the last quarter. KFA Private Wealth Group LLC boosted its position in Mastercard by 5.1% during the first quarter. KFA Private Wealth Group LLC now owns 600 shares of the credit services provider’s stock worth $214,000 after purchasing an additional 29 shares during the period. Boston Family Office LLC grew its holdings in Mastercard by 2.1% during the first quarter. Boston Family Office LLC now owns 1,474 shares of the credit services provider’s stock valued at $533,000 after purchasing an additional 30 shares during the last quarter. Finally, 9258 Wealth Management LLC raised its position in shares of Mastercard by 1.1% in the first quarter. 9258 Wealth Management LLC now owns 2,806 shares of the credit services provider’s stock valued at $999,000 after purchasing an additional 30 shares during the period. Institutional investors own 73.97% of the company’s stock.

MA has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on Mastercard from $427.00 to $430.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 17th. Morgan Stanley upped their target price on Mastercard from $444.00 to $451.00 and gave the company an “overweight” rating in a research note on Friday, July 30th. Barclays lifted their price target on shares of Mastercard from $452.00 to $455.00 and gave the stock an “overweight” rating in a research note on Monday, August 2nd. Raymond James raised their price target on shares of Mastercard from $428.00 to $453.00 and gave the stock an “outperform” rating in a research note on Friday, July 30th. Finally, Robert W. Baird restated a “buy” rating and set a $482.00 target price on shares of Mastercard in a research report on Sunday, August 1st. Two research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, Mastercard presently has an average rating of “Buy” and a consensus target price of $418.48.

Mastercard stock traded down $0.88 during trading hours on Wednesday, reaching $344.92. 119,155 shares of the stock were exchanged, compared to its average volume of 3,775,725. The company has a market cap of $340.36 billion, a P/E ratio of 47.82, a price-to-earnings-growth ratio of 1.98 and a beta of 1.16. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 2.03. Mastercard Incorporated has a twelve month low of $281.20 and a twelve month high of $401.50. The stock has a 50 day moving average of $366.30 and a two-hundred day moving average of $368.97.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 29th. The credit services provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.23. Mastercard had a return on equity of 109.48% and a net margin of 43.22%. The company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.35 billion. On average, analysts expect that Mastercard Incorporated will post 8.11 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 9th. Investors of record on Friday, July 9th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Thursday, July 8th. Mastercard’s dividend payout ratio is 27.37%.

In related news, Vice Chairman Ann Cairns sold 3,200 shares of the stock in a transaction on Monday, June 28th. The stock was sold at an average price of $380.15, for a total value of $1,216,480.00. Following the completion of the sale, the insider now directly owns 114,646 shares in the company, valued at $43,582,676.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 78,985 shares of the stock in a transaction dated Monday, August 16th. The shares were sold at an average price of $358.90, for a total value of $28,347,716.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 876,377 shares of company stock valued at $330,177,910. 0.33% of the stock is owned by corporate insiders.

Mastercard Profile

Mastercard, Inc operates as a technology company. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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