Mastercard Incorporated (NYSE:MA) Position Reduced by Burns J W & Co. Inc. NY

Burns J W & Co. Inc. NY trimmed its position in Mastercard Incorporated (NYSE:MA) by 3.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 997 shares of the credit services provider’s stock after selling 39 shares during the period. Burns J W & Co. Inc. NY’s holdings in Mastercard were worth $392,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in Mastercard by 3.9% during the first quarter. State Street Corp now owns 34,759,814 shares of the credit services provider’s stock valued at $12,632,032,000 after buying an additional 1,303,477 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Mastercard by 9.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,027,189 shares of the credit services provider’s stock valued at $9,398,165,000 after acquiring an additional 2,247,291 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Mastercard by 0.4% during the 1st quarter. Geode Capital Management LLC now owns 16,368,594 shares of the credit services provider’s stock valued at $5,936,110,000 after purchasing an additional 62,380 shares in the last quarter. Morgan Stanley grew its stake in shares of Mastercard by 17.7% in the 4th quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock worth $5,509,328,000 after purchasing an additional 2,385,640 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Mastercard in the 4th quarter worth approximately $3,308,223,000. 74.94% of the stock is owned by institutional investors.

Insider Activity at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 10,838 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $394.38, for a total transaction of $4,274,290.44. Following the transaction, the chief financial officer now owns 20,707 shares in the company, valued at $8,166,426.66. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, major shareholder Foundation Mastercard sold 125,816 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $391.39, for a total transaction of $49,243,124.24. Following the completion of the transaction, the insider now owns 99,430,749 shares of the company’s stock, valued at approximately $38,916,200,851.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO J. Mehra Sachin sold 10,838 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $394.38, for a total value of $4,274,290.44. Following the completion of the sale, the chief financial officer now directly owns 20,707 shares in the company, valued at approximately $8,166,426.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 415,267 shares of company stock valued at $164,793,283. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MA shares. Jefferies Financial Group raised their target price on shares of Mastercard from $460.00 to $475.00 and gave the stock a “buy” rating in a report on Friday. Credit Suisse Group raised their price objective on Mastercard from $400.00 to $430.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Mizuho reaffirmed a “buy” rating and set a $435.00 target price on shares of Mastercard in a research report on Tuesday, August 29th. 888 reiterated a “reiterates” rating on shares of Mastercard in a research report on Friday, June 30th. Finally, Wells Fargo & Company boosted their price objective on Mastercard from $425.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and an average target price of $442.83.

Mastercard Stock Performance

Shares of NYSE MA opened at $417.13 on Tuesday. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.13 and a quick ratio of 1.13. Mastercard Incorporated has a one year low of $276.87 and a one year high of $418.60. The business’s 50-day moving average price is $401.97 and its two-hundred day moving average price is $381.97. The company has a market capitalization of $393.02 billion, a P/E ratio of 39.09, a price-to-earnings-growth ratio of 1.86 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 27th. The credit services provider reported $2.89 EPS for the quarter, beating the consensus estimate of $2.84 by $0.05. The business had revenue of $6.30 billion during the quarter, compared to analysts’ expectations of $6.18 billion. Mastercard had a return on equity of 178.10% and a net margin of 43.37%. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.56 EPS. Analysts anticipate that Mastercard Incorporated will post 12.13 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Thursday, July 6th. Mastercard’s dividend payout ratio is 21.37%.

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 other payment-related products and services.