Puzo Michael J Sells 1,269 Shares of Mastercard Inc (NYSE:MA)

Puzo Michael J lowered its holdings in Mastercard Inc (NYSE:MA) by 2.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,523 shares of the credit services provider’s stock after selling 1,269 shares during the quarter. Mastercard accounts for about 4.7% of Puzo Michael J’s investment portfolio, making the stock its largest position. Puzo Michael J’s holdings in Mastercard were worth $12,571,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Horizon Investments LLC lifted its position in shares of Mastercard by 146.1% in the 1st quarter. Horizon Investments LLC now owns 3,957 shares of the credit services provider’s stock worth $930,000 after acquiring an additional 2,349 shares during the period. World Asset Management Inc lifted its position in shares of Mastercard by 1.2% in the 2nd quarter. World Asset Management Inc now owns 61,819 shares of the credit services provider’s stock worth $16,353,000 after acquiring an additional 755 shares during the period. YorkBridge Wealth Partners LLC lifted its position in shares of Mastercard by 1.0% in the 4th quarter. YorkBridge Wealth Partners LLC now owns 9,858 shares of the credit services provider’s stock worth $1,860,000 after acquiring an additional 101 shares during the period. Asset Dedication LLC lifted its position in shares of Mastercard by 23.1% in the 1st quarter. Asset Dedication LLC now owns 3,878 shares of the credit services provider’s stock worth $916,000 after acquiring an additional 727 shares during the period. Finally, Contravisory Investment Management Inc. lifted its position in shares of Mastercard by 15.5% in the 2nd quarter. Contravisory Investment Management Inc. now owns 321 shares of the credit services provider’s stock worth $85,000 after acquiring an additional 43 shares during the period. 74.39% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have commented on MA shares. Raymond James raised their price objective on Mastercard from $300.00 to $308.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Argus raised their target price on Mastercard to $320.00 and gave the stock an “average” rating in a research report on Wednesday, July 31st. Deutsche Bank raised their target price on Mastercard from $267.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Bank of America raised their target price on Mastercard from $255.00 to $267.00 and gave the stock a “neutral” rating in a research report on Monday, June 17th. Finally, Citigroup set a $317.00 target price on Mastercard and gave the stock a “buy” rating in a research report on Friday, July 19th. Two investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $287.65.

In related news, insider Michael Miebach sold 2,233 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $283.12, for a total transaction of $632,206.96. Following the completion of the sale, the insider now directly owns 15,548 shares of the company’s stock, valued at approximately $4,401,949.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Ann Cairns sold 51,850 shares of Mastercard stock in a transaction on Monday, June 17th. The shares were sold at an average price of $259.80, for a total value of $13,470,630.00. Following the completion of the sale, the insider now directly owns 134,120 shares of the company’s stock, valued at $34,844,376. The disclosure for this sale can be found here. Insiders have sold a total of 137,921 shares of company stock valued at $37,322,422 over the last ninety days. Insiders own 3.70% of the company’s stock.

MA stock traded down $10.98 during midday trading on Monday, reaching $258.47. 3,245,852 shares of the company’s stock traded hands, compared to its average volume of 3,002,015. The business has a 50-day moving average of $271.45. Mastercard Inc has a 1-year low of $171.89 and a 1-year high of $283.33. The stock has a market cap of $275.25 billion, a P/E ratio of 39.83, a price-to-earnings-growth ratio of 2.11 and a beta of 1.08. The company has a current ratio of 1.49, a quick ratio of 1.41 and a debt-to-equity ratio of 1.55.

Mastercard (NYSE:MA) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share for the quarter, beating the Zacks’ 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 analysts’ expectations of $4.08 billion. During the same period last year, the firm posted $1.66 EPS. The business’s revenue was up 12.2% on a year-over-year basis. On average, sell-side analysts anticipate that Mastercard Inc will post 7.61 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a $1.32 dividend on an annualized basis and a yield of 0.51%. Mastercard’s dividend payout ratio is 20.34%.

Mastercard Profile

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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