Nicholas Company Inc. Has $91.75 Million Position in Mastercard Incorporated (MA)

Nicholas Company Inc. raised its holdings in Mastercard Incorporated (NYSE:MA) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 755,430 shares of the credit services provider’s stock after acquiring an additional 2,200 shares during the period. Mastercard comprises 2.0% of Nicholas Company Inc.’s holdings, making the stock its 7th biggest holding. Nicholas Company Inc. owned approximately 0.07% of Mastercard worth $91,746,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Glassman Wealth Services grew its position in 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 last quarter. Norway Savings Bank grew its position in 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 last quarter. Proficio Capital Partners LLC grew its position in Mastercard by 1.3% in the second quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock valued at $118,000 after acquiring an additional 12 shares during the last quarter. Concert Wealth Management Inc. grew its position in 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 last quarter. Finally, Berkshire Asset Management LLC PA grew its position in 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 last quarter. Hedge funds and other institutional investors own 76.21% of the company’s stock.

Shares of Mastercard Incorporated (MA) opened at $149.69 on Tuesday. The company has a market capitalization of $158,312.31, a P/E ratio of 34.70, a PEG ratio of 1.99 and a beta of 1.21. Mastercard Incorporated has a 1-year low of $99.51 and a 1-year high of $152.00. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83.

Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.11. The firm had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The company’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.08 earnings per share. sell-side analysts expect that Mastercard Incorporated will post 4.54 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Friday, October 6th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.59%. Mastercard’s dividend payout ratio is 20.47%.

MA has been the topic of a number of recent research reports. Oppenheimer Holdings, Inc. lifted their price target on Mastercard and gave the company an “outperform” rating in a research note on Tuesday, July 18th. Jefferies Group LLC reissued a “buy” rating and set a $147.00 price target (up from $140.00) on shares of Mastercard in a research note on Tuesday, July 18th. Loop Capital lifted their price target on Mastercard from $132.00 to $144.00 and gave the company a “positive” rating in a research note on Friday, July 28th. They noted that the move was a valuation call. BMO Capital Markets lifted their price target on Mastercard from $126.00 to $137.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Finally, Cowen and Company reissued an “outperform” rating and set a $137.00 price target (up from $129.00) on shares of Mastercard in a research note on Sunday, July 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $157.68.

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In other news, insider Craig Vosburg sold 14,200 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the completion of the sale, the insider now owns 40,646 shares in the company, valued at $5,766,041.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,000 shares of company stock valued at $3,582,984. Corporate insiders own 0.30% of the company’s stock.

About Mastercard

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.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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