Mastercard Inc (NYSE:MA) Shares Sold by Montag & Caldwell LLC

Montag & Caldwell LLC trimmed its holdings in Mastercard Inc (NYSE:MA) by 3.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 213,516 shares of the credit services provider’s stock after selling 7,319 shares during the period. Mastercard comprises approximately 2.9% of Montag & Caldwell LLC’s holdings, making the stock its 18th largest holding. Montag & Caldwell LLC’s holdings in Mastercard were worth $56,481,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MA. Horizon Investments LLC raised its position in shares of Mastercard by 146.1% during the 1st quarter. Horizon Investments LLC now owns 3,957 shares of the credit services provider’s stock valued at $930,000 after acquiring an additional 2,349 shares in the last quarter. Dearborn Partners LLC raised its position in shares of Mastercard by 3.5% during the 2nd quarter. Dearborn Partners LLC now owns 140,223 shares of the credit services provider’s stock valued at $37,093,000 after acquiring an additional 4,762 shares in the last quarter. World Asset Management Inc raised its position in shares of Mastercard by 1.2% during the 2nd quarter. World Asset Management Inc now owns 61,819 shares of the credit services provider’s stock valued at $16,353,000 after acquiring an additional 755 shares in the last quarter. Asset Dedication LLC raised its position in shares of Mastercard by 23.1% during the 1st quarter. Asset Dedication LLC now owns 3,878 shares of the credit services provider’s stock valued at $916,000 after acquiring an additional 727 shares in the last quarter. Finally, Charter Trust Co. raised its position in shares of Mastercard by 3.6% during the 2nd quarter. Charter Trust Co. now owns 15,075 shares of the credit services provider’s stock valued at $3,988,000 after acquiring an additional 518 shares in the last quarter. 74.25% of the stock is currently owned by institutional investors.

In other 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 transaction, the insider now owns 15,548 shares of the company’s stock, valued at $4,401,949.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David R. Carlucci sold 3,974 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $262.51, for a total value of $1,043,214.74. Following the completion of the transaction, the director now directly owns 54,438 shares of the company’s stock, valued at approximately $14,290,519.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 201,511 shares of company stock valued at $54,471,508. 3.70% of the stock is owned by company insiders.

Several equities research analysts recently issued reports on the company. Barclays upped their price target on Mastercard from $310.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Nomura upped their price target on Mastercard from $282.00 to $324.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Co upped their price target on Mastercard from $285.00 to $305.00 and gave the company an “outperform” rating in a research report on Wednesday, July 10th. Deutsche Bank upped their price target on Mastercard from $267.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Finally, Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $275.00 price target on the stock in a research report on Wednesday, May 15th. Two investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Mastercard has a consensus rating of “Buy” and a consensus target price of $291.80.

MA traded up $5.11 during trading on Thursday, reaching $272.26. 164,133 shares of the company were exchanged, compared to its average volume of 3,683,371. The firm has a market capitalization of $273.92 billion, a PE ratio of 41.93, a P/E/G ratio of 2.14 and a beta of 1.08. The business’s 50 day moving average price is $273.39. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.49 and a current ratio of 1.49. Mastercard Inc has a 52 week low of $171.89 and a 52 week high of $283.33.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.89 EPS for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.07. The firm 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 firm’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.66 EPS. On average, analysts forecast that Mastercard Inc will post 7.61 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, July 8th. This represents a $1.32 dividend on an annualized basis and a yield of 0.48%. Mastercard’s payout ratio is currently 20.34%.

Mastercard Company 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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