Olstein Capital Management L.P. Holds Holdings in Mastercard Incorporated (MA)

Olstein Capital Management L.P. continued to hold its position in shares of Mastercard Incorporated (NYSE:MA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,000 shares of the credit services provider’s stock at the close of the 2nd quarter. Olstein Capital Management L.P.’s holdings in Mastercard were worth $5,951,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Glassman Wealth Services boosted its holdings in shares of Mastercard by 0.3% in the first quarter. Glassman Wealth Services now owns 1,769 shares of the credit services provider’s stock valued at $199,000 after acquiring an additional 6 shares during the period. Norway Savings Bank boosted its holdings in shares of Mastercard by 1.1% in the second quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock valued at $117,000 after acquiring an additional 10 shares during the period. Genesee Valley Trust Co. boosted its holdings in shares of Mastercard by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 6,246 shares of the credit services provider’s stock valued at $702,000 after acquiring an additional 18 shares during the period. Concert Wealth Management Inc. boosted its holdings in shares of Mastercard by 0.3% in the first quarter. Concert Wealth Management Inc. now owns 6,467 shares of the credit services provider’s stock valued at $664,000 after acquiring an additional 18 shares during the period. Finally, Berkshire Asset Management LLC PA boosted its holdings in shares of Mastercard by 0.3% in the second quarter. Berkshire Asset Management LLC PA now owns 6,448 shares of the credit services provider’s stock valued at $783,000 after acquiring an additional 18 shares during the period. 76.05% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on MA. Buckingham Research began coverage on Mastercard in a report on Monday, October 2nd. They issued a “buy” rating and a $163.00 price objective for the company. Cantor Fitzgerald began coverage on Mastercard in a report on Thursday, September 28th. They issued an “overweight” rating and a $165.00 price objective for the company. Zacks Investment Research downgraded Mastercard from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Royal Bank Of Canada increased their price objective on Mastercard to $156.00 and gave the company an “outperform” rating in a report on Friday, September 22nd. Finally, Morgan Stanley reissued an “overweight” rating and issued a $160.00 price objective (up from $138.00) on shares of Mastercard in a report on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-five have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $143.08.

In other news, Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total value of $712,550.00. Following the sale, the director now owns 45,278 shares of the company’s stock, valued at approximately $6,452,567.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Martina Hundmejean sold 91,107 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total value of $11,824,777.53. Following the completion of the sale, the chief financial officer now directly owns 170,570 shares in the company, valued at approximately $22,138,280.30. The disclosure for this sale can be found here. Insiders sold a total of 869,668 shares of company stock worth $112,301,656 in the last three months. Company insiders own 0.30% of the company’s stock.

Mastercard Incorporated (NYSE MA) opened at 145.65 on Wednesday. The firm has a 50-day moving average price of $138.85 and a 200 day moving average price of $125.91. The stock has a market cap of $155.10 billion, a PE ratio of 36.14 and a beta of 1.18. Mastercard Incorporated has a 52-week low of $99.51 and a 52-week high of $146.37.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The company had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. Equities analysts anticipate that Mastercard Incorporated will post $4.44 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Friday, October 6th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Thursday, October 5th. Mastercard’s dividend payout ratio is presently 21.78%.

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Mastercard Profile

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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