O Dell Group LLC Acquires New Position in Mastercard Inc (NYSE:MA)

O Dell Group LLC acquired a new stake in shares of Mastercard Inc (NYSE:MA) in the second quarter, HoldingsChannel reports. The fund acquired 814 shares of the credit services provider’s stock, valued at approximately $215,000.

Several other large investors have also made changes to their positions in the stock. Farmers & Merchants Investments Inc. lifted its stake in shares of Mastercard by 1.0% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 4,560 shares of the credit services provider’s stock worth $1,074,000 after acquiring an additional 43 shares during the period. Contravisory Investment Management Inc. lifted its stake 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. Northwest Quadrant Wealth Management LLC lifted its stake in shares of Mastercard by 2.1% in the 1st quarter. Northwest Quadrant Wealth Management LLC now owns 2,233 shares of the credit services provider’s stock worth $534,000 after acquiring an additional 45 shares during the period. Mechanics Bank Trust Department lifted its stake in shares of Mastercard by 3.8% in the 1st quarter. Mechanics Bank Trust Department now owns 1,245 shares of the credit services provider’s stock worth $293,000 after acquiring an additional 45 shares during the period. Finally, Eukles Asset Management lifted its stake in shares of Mastercard by 0.3% in the 1st quarter. Eukles Asset Management now owns 14,797 shares of the credit services provider’s stock worth $3,484,000 after acquiring an additional 50 shares during the period. 74.41% of the stock is owned by institutional investors and hedge funds.

In other news, Director Lance Darrell Gordon Uggla purchased 1,500 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were acquired at an average price of $275.71 per share, for a total transaction of $413,565.00. Following the completion of the acquisition, the director now directly owns 3,691 shares of the company’s stock, valued at $1,017,645.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Miebach sold 2,233 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $283.12, for a total transaction of $632,206.96. Following the sale, the insider now owns 15,548 shares in the company, valued at approximately $4,401,949.76. The disclosure for this sale can be found here. Insiders have sold 137,921 shares of company stock worth $37,322,422 in the last 90 days. 3.70% of the stock is owned by company insiders.

Shares of MA stock traded down $4.71 during trading hours on Friday, reaching $269.45. 4,437,291 shares of the stock traded hands, compared to its average volume of 2,752,609. Mastercard Inc has a 1-year low of $171.89 and a 1-year high of $283.33. The firm has a fifty day moving average of $271.45. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.41. The firm has a market capitalization of $278.13 billion, a price-to-earnings ratio of 41.52, a PEG ratio of 2.14 and a beta of 1.08.

Mastercard (NYSE:MA) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.07. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. The business had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the business earned $1.66 earnings per share. The firm’s revenue was up 12.2% compared to the same quarter last year. As a group, analysts forecast that Mastercard Inc will post 7.6 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders 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 dividend yield of 0.49%. Mastercard’s dividend payout ratio is currently 20.34%.

Several analysts recently commented on the stock. Raymond James increased their target price on shares of Mastercard from $300.00 to $308.00 and gave the company an “outperform” rating in a research note on Wednesday. BMO Capital Markets set a $328.00 target price on shares of Mastercard and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley increased their target price on shares of Mastercard from $269.00 to $291.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Deutsche Bank increased their target price on shares of Mastercard from $267.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Finally, Citigroup set a $317.00 target price on shares of Mastercard and gave the company a “buy” rating in a research note on Friday, July 19th. Two analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $287.20.

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.

Further Reading: Understanding the different types of bonds

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Inc (NYSE:MA).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.