Mastercard Inc (NYSE:MA) Holdings Raised by Professional Planning

Professional Planning lifted its position in shares of Mastercard Inc (NYSE:MA) by 2.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 35,608 shares of the credit services provider’s stock after buying an additional 854 shares during the period. Mastercard makes up 10.3% of Professional Planning’s holdings, making the stock its 2nd largest holding. Professional Planning’s holdings in Mastercard were worth $9,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Mastercard by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 71,012,814 shares of the credit services provider’s stock worth $18,785,021,000 after purchasing an additional 367,442 shares during the period. BlackRock Inc. lifted its stake in shares of Mastercard by 0.5% during the 2nd quarter. BlackRock Inc. now owns 63,796,913 shares of the credit services provider’s stock worth $16,876,196,000 after purchasing an additional 297,230 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Mastercard by 12.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 13,943,219 shares of the credit services provider’s stock worth $3,640,576,000 after purchasing an additional 1,548,776 shares during the period. Morgan Stanley lifted its stake in shares of Mastercard by 4.8% during the 2nd quarter. Morgan Stanley now owns 13,929,653 shares of the credit services provider’s stock worth $3,684,811,000 after purchasing an additional 640,063 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Mastercard by 0.8% during the 2nd quarter. Northern Trust Corp now owns 11,394,223 shares of the credit services provider’s stock worth $3,014,114,000 after purchasing an additional 91,436 shares during the period. 74.32% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Michael Miebach sold 2,233 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $283.12, for a total value of $632,206.96. Following the completion of the sale, the insider now directly owns 15,548 shares in the company, valued at approximately $4,401,949.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 7,950 shares of the stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $277.32, for a total value of $2,204,694.00. Following the completion of the sale, the insider now owns 112,126,112 shares of the company’s stock, valued at $31,094,813,379.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 139,327 shares of company stock valued at $38,323,022. 3.70% of the stock is owned by insiders.

A number of brokerages have weighed in on MA. UBS Group increased their price target on Mastercard from $300.00 to $312.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Citigroup increased their price target on Mastercard from $288.00 to $317.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Credit Suisse Group set a $292.00 price target on Mastercard and gave the stock a “buy” rating in a research note on Tuesday, September 10th. William Blair reissued an “outperform” rating on shares of Mastercard in a research note on Friday, September 13th. Finally, Tigress Financial reissued a “buy” rating on shares of Mastercard in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $299.09.

Shares of MA stock traded down $4.54 on Friday, reaching $271.97. 210,068 shares of the stock were exchanged, compared to its average volume of 3,250,141. The stock has a market cap of $282.62 billion, a P/E ratio of 41.89, a price-to-earnings-growth ratio of 2.31 and a beta of 1.06. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.55. The firm has a 50 day moving average of $276.05 and a two-hundred day moving average of $263.79. Mastercard Inc has a 1-year low of $171.89 and a 1-year high of $293.69.

Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.07. The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.66 EPS. On average, equities research analysts predict that Mastercard Inc will post 7.61 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $1.32 annualized dividend and a yield of 0.49%. Mastercard’s dividend payout ratio is currently 20.34%.

About Mastercard

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 related products and services.

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Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Inc (NYSE:MA).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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