Mastercard Inc (NYSE:MA) is Reynders McVeigh Capital Management LLC’s Largest Position

Reynders McVeigh Capital Management LLC lowered its holdings in shares of Mastercard Inc (NYSE:MA) by 6.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 168,583 shares of the credit services provider’s stock after selling 11,966 shares during the quarter. Mastercard makes up approximately 4.8% of Reynders McVeigh Capital Management LLC’s holdings, making the stock its biggest position. Reynders McVeigh Capital Management LLC’s holdings in Mastercard were worth $44,595,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MA. Horizon Investments LLC boosted its position in Mastercard by 146.1% during the first quarter. Horizon Investments LLC now owns 3,957 shares of the credit services provider’s stock valued at $930,000 after purchasing an additional 2,349 shares in the last quarter. Dearborn Partners LLC boosted its position in Mastercard by 3.5% during the second quarter. Dearborn Partners LLC now owns 140,223 shares of the credit services provider’s stock valued at $37,093,000 after purchasing an additional 4,762 shares in the last quarter. World Asset Management Inc boosted its position in Mastercard by 1.2% during the second quarter. World Asset Management Inc now owns 61,819 shares of the credit services provider’s stock valued at $16,353,000 after purchasing an additional 755 shares in the last quarter. Brightworth boosted its position in Mastercard by 18.4% during the second quarter. Brightworth now owns 3,852 shares of the credit services provider’s stock valued at $1,019,000 after purchasing an additional 599 shares in the last quarter. Finally, Asset Dedication LLC boosted its position in Mastercard by 23.1% during the first quarter. Asset Dedication LLC now owns 3,878 shares of the credit services provider’s stock valued at $916,000 after purchasing an additional 727 shares in the last quarter. 74.90% of the stock is owned by hedge funds and other institutional investors.

Shares of Mastercard stock traded down $8.88 on Friday, reaching $271.89. 3,534,341 shares of the stock were exchanged, compared to its average volume of 3,812,337. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.55. Mastercard Inc has a twelve month low of $171.89 and a twelve month high of $283.33. The firm has a market capitalization of $286.12 billion, a price-to-earnings ratio of 41.89, a PEG ratio of 2.23 and a beta of 1.08. The business has a 50 day moving average price of $275.18 and a two-hundred day moving average price of $249.99.

Mastercard (NYSE:MA) last released its earnings results 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. 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 the consensus estimate 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. Research analysts forecast that Mastercard Inc will post 7.61 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Monday, July 8th. Mastercard’s dividend payout ratio (DPR) is 20.34%.

In other news, Director Richard K. Davis bought 1,735 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average price of $270.09 per share, with a total value of $468,606.15. Following the completion of the acquisition, the director now directly owns 6,031 shares of the company’s stock, valued at approximately $1,628,912.79. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Foundation Mastercard sold 15,890 shares of Mastercard stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $272.06, for a total value of $4,323,033.40. Following the sale, the insider now directly owns 112,030,712 shares of the company’s stock, valued at approximately $30,479,075,506.72. The disclosure for this sale can be found here. Insiders have sold 201,511 shares of company stock valued at $54,471,508 in the last ninety days. Corporate insiders own 3.70% of the company’s stock.

A number of brokerages recently weighed in on MA. BMO Capital Markets set a $328.00 price objective on Mastercard and gave the company a “buy” rating in a research report on Wednesday, July 31st. Raymond James raised their price target on Mastercard from $300.00 to $308.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Barclays raised their price target on Mastercard from $310.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Royal Bank of Canada set a $315.00 price target on Mastercard and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Deutsche Bank raised their price target on Mastercard from $267.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Two research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $291.80.

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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