Strs Ohio Decreases Stock Position in Mastercard Inc (NYSE:MA)

Strs Ohio reduced its position in Mastercard Inc (NYSE:MA) by 0.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 774,476 shares of the credit services provider’s stock after selling 7,160 shares during the period. Mastercard makes up approximately 0.9% of Strs Ohio’s holdings, making the stock its 12th largest holding. Strs Ohio’s holdings in Mastercard were worth $210,324,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Joseph P. Lucia & Associates LLC purchased a new position in shares of Mastercard in the second quarter valued at $26,000. Ellevest Inc. grew its position in shares of Mastercard by 52.8% in the second quarter. Ellevest Inc. now owns 110 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 38 shares in the last quarter. Delphi Private Advisors LLC purchased a new position in shares of Mastercard in the second quarter valued at $31,000. Evolution Wealth Advisors LLC purchased a new position in shares of Mastercard in the second quarter valued at $31,000. Finally, Princeton Global Asset Management LLC purchased a new position in shares of Mastercard in the second quarter valued at $33,000. 74.28% of the stock is owned by institutional investors and hedge funds.

MA stock traded up $0.82 during mid-day trading on Monday, hitting $271.45. 569,634 shares of the stock were exchanged, compared to its average volume of 3,228,230. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.49. The business has a fifty day moving average price of $275.93 and a 200 day moving average price of $263.97. Mastercard Inc has a 12 month low of $171.89 and a 12 month high of $293.69. The stock has a market capitalization of $280.54 billion, a price-to-earnings ratio of 41.83, a PEG ratio of 2.30 and a beta of 1.06.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.07. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The firm had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the company posted $1.66 earnings per share. The company’s revenue was up 12.2% compared to the same quarter last year. As a group, equities analysts forecast that Mastercard Inc will post 7.61 EPS for the current fiscal year.

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

In other Mastercard news, major shareholder Foundation Mastercard sold 7,950 shares of Mastercard stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $281.12, for a total transaction of $2,234,904.00. Following the completion of the sale, the insider now owns 112,126,112 shares of the company’s stock, valued at $31,520,892,605.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael Miebach sold 2,233 shares of Mastercard stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $283.12, for a total value of $632,206.96. Following the sale, the insider now directly owns 15,548 shares of the company’s stock, valued at approximately $4,401,949.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 131,377 shares of company stock valued at $36,117,135. Corporate insiders own 3.70% of the company’s stock.

Several research firms recently commented on MA. SunTrust Banks boosted their target price on Mastercard from $310.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Raymond James boosted their target price on Mastercard from $300.00 to $308.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Barclays boosted their target price on Mastercard from $310.00 to $319.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. BMO Capital Markets set a $328.00 target price on Mastercard and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Goldman Sachs Group restated a “buy” rating on shares of Mastercard in a research report on Tuesday, September 3rd. Three analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Mastercard currently has an average rating of “Buy” and an average target price of $299.09.

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.

Read More: Average Daily Trade Volume Explained

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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