Mastercard Inc (NYSE:MA) Stock Position Trimmed by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. lowered its holdings in Mastercard Inc (NYSE:MA) by 0.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 185,143 shares of the credit services provider’s stock after selling 913 shares during the period. Mastercard comprises 5.1% of Guyasuta Investment Advisors Inc.’s holdings, making the stock its largest position. Guyasuta Investment Advisors Inc.’s holdings in Mastercard were worth $48,976,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of MA. Dimensional Fund Advisors LP raised its stake in Mastercard by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,964,021 shares of the credit services provider’s stock valued at $559,150,000 after acquiring an additional 42,640 shares during the period. Geode Capital Management LLC boosted its position in Mastercard by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 12,431,997 shares of the credit services provider’s stock worth $2,341,383,000 after purchasing an additional 416,095 shares during the last quarter. Legacy Advisors LLC purchased a new position in Mastercard in the first quarter worth $50,000. Bell Rock Capital LLC boosted its position in Mastercard by 380.0% in the first quarter. Bell Rock Capital LLC now owns 192 shares of the credit services provider’s stock worth $44,000 after purchasing an additional 152 shares during the last quarter. Finally, Mitchell Sinkler & Starr PA boosted its position in Mastercard by 8.3% in the first quarter. Mitchell Sinkler & Starr PA now owns 4,756 shares of the credit services provider’s stock worth $1,120,000 after purchasing an additional 365 shares during the last quarter. 74.90% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director David R. Carlucci sold 3,974 shares of Mastercard stock in a transaction dated 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 sale, the director now directly owns 54,438 shares of the company’s stock, valued at $14,290,519.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Ann Cairns sold 51,850 shares of Mastercard stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $259.80, for a total value of $13,470,630.00. Following the completion of the sale, the insider now directly owns 134,120 shares in the company, valued at $34,844,376. The disclosure for this sale can be found here. Insiders sold 201,511 shares of company stock worth $54,471,508 over the last 90 days. Company insiders own 3.70% of the company’s stock.

A number of brokerages have recently commented on MA. 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. Argus upped their price target on Mastercard to $320.00 and gave the company an “average” rating in a research report on Wednesday, July 31st. Citigroup set a $317.00 price objective on Mastercard and gave the company a “buy” rating in a research note on Friday, July 19th. UBS Group boosted their price objective on Mastercard from $300.00 to $312.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Morgan Stanley boosted their price objective on Mastercard from $269.00 to $291.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Two research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $291.80.

Shares of NYSE:MA traded down $2.69 during trading on Thursday, hitting $279.32. The stock had a trading volume of 122,548 shares, compared to its average volume of 3,812,543. Mastercard Inc has a 12 month low of $171.89 and a 12 month high of $283.33. The company has a market capitalization of $282.12 billion, a PE ratio of 43.03, a PEG ratio of 2.20 and a beta of 1.08. The firm’s fifty day moving average is $275.02 and its 200 day moving average is $249.36. 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 (NYSE:MA) last posted 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. The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.66 EPS. Equities research analysts expect that Mastercard Inc will post 7.61 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were given a dividend of $0.33 per share. The ex-dividend date was Monday, July 8th. This represents a $1.32 annualized dividend and a yield of 0.47%. Mastercard’s dividend payout ratio (DPR) is presently 20.34%.

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.

Further Reading: Oversold

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.