Prudent Man Advisors LLC Lowers Position in Mastercard Incorporated (NYSE:MA)

Prudent Man Advisors LLC reduced its position in shares of Mastercard Incorporated (NYSE:MAGet Rating) by 4.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,194 shares of the credit services provider’s stock after selling 110 shares during the period. Prudent Man Advisors LLC’s holdings in Mastercard were worth $784,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Capital Advisors Ltd. LLC grew its stake in shares of Mastercard by 24.2% during the 1st quarter. Capital Advisors Ltd. LLC now owns 2,331 shares of the credit services provider’s stock worth $833,000 after purchasing an additional 454 shares during the period. Meitav Dash Investments Ltd. boosted its position in Mastercard by 11.5% during the first quarter. Meitav Dash Investments Ltd. now owns 183,250 shares of the credit services provider’s stock worth $65,256,000 after purchasing an additional 18,857 shares in the last quarter. Forsta AP Fonden grew its holdings in Mastercard by 4.7% in the first quarter. Forsta AP Fonden now owns 194,143 shares of the credit services provider’s stock valued at $69,383,000 after purchasing an additional 8,700 shares during the last quarter. Egerton Capital UK LLP increased its position in shares of Mastercard by 16.3% in the first quarter. Egerton Capital UK LLP now owns 854,026 shares of the credit services provider’s stock valued at $305,212,000 after buying an additional 119,690 shares in the last quarter. Finally, Goodman Advisory Group LLC raised its stake in shares of Mastercard by 43.3% during the 1st quarter. Goodman Advisory Group LLC now owns 959 shares of the credit services provider’s stock worth $343,000 after buying an additional 290 shares during the last quarter. Hedge funds and other institutional investors own 74.94% of the company’s stock.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 106,326 shares of the company’s stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $327.74, for a total transaction of $34,847,283.24. Following the transaction, the insider now directly owns 103,841,972 shares in the company, valued at approximately $34,033,167,903.28. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders have sold 318,982 shares of company stock valued at $105,338,500. 0.33% of the stock is currently owned by corporate insiders.

Mastercard Trading Up 0.4 %

Shares of MA stock opened at $357.51 on Friday. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a fifty day moving average of $335.68 and a 200-day moving average of $347.77. Mastercard Incorporated has a 52-week low of $303.65 and a 52-week high of $399.92. The stock has a market cap of $345.49 billion, a price-to-earnings ratio of 36.22, a P/E/G ratio of 1.69 and a beta of 1.04.

Mastercard (NYSE:MAGet Rating) last issued its earnings results on Thursday, July 28th. The credit services provider reported $2.56 EPS for the quarter, beating the consensus estimate of $2.36 by $0.20. Mastercard had a net margin of 46.49% and a return on equity of 143.35%. The company had revenue of $5.50 billion for the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter in the previous year, the company earned $1.95 EPS. The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. On average, equities research analysts forecast that Mastercard Incorporated will post 10.64 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 9th. Investors of record on Friday, July 8th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 0.55%. The ex-dividend date is Thursday, July 7th. Mastercard’s dividend payout ratio (DPR) is presently 19.86%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MA. Tigress Financial reaffirmed a “buy” rating and issued a $472.00 price target on shares of Mastercard in a report on Friday, July 15th. Mizuho raised their price target on Mastercard from $375.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Bank of America reduced their price objective on Mastercard from $416.00 to $402.00 and set a “buy” rating on the stock in a research report on Monday, April 18th. Wells Fargo & Company cut their price objective on shares of Mastercard from $450.00 to $400.00 and set an “overweight” rating for the company in a research report on Wednesday, July 13th. Finally, Citigroup reduced their target price on Mastercard from $453.00 to $415.00 in a research report on Tuesday, July 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $414.55.

Mastercard Company Profile

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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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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