Pinkerton Retirement Specialists LLC Has $4.65 Million Stock Holdings in Mastercard Inc (NYSE:MA)

Pinkerton Retirement Specialists LLC increased its position in Mastercard Inc (NYSE:MA) by 5.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,581 shares of the credit services provider’s stock after purchasing an additional 980 shares during the quarter. Mastercard makes up 1.6% of Pinkerton Retirement Specialists LLC’s holdings, making the stock its 12th largest position. Pinkerton Retirement Specialists LLC’s holdings in Mastercard were worth $4,651,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of MA. FMR LLC boosted its position in Mastercard by 1.8% in the first quarter. FMR LLC now owns 40,441,076 shares of the credit services provider’s stock valued at $9,521,850,000 after buying an additional 720,407 shares in the last quarter. 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 valued at $2,341,383,000 after buying an additional 416,095 shares in the last quarter. Parnassus Investments CA boosted its position in Mastercard by 1.6% in the first quarter. Parnassus Investments CA now owns 3,185,400 shares of the credit services provider’s stock valued at $750,002,000 after buying an additional 51,389 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Mastercard by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,964,021 shares of the credit services provider’s stock valued at $559,150,000 after buying an additional 42,640 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Mastercard by 3.8% in the first quarter. Rhumbline Advisers now owns 1,650,526 shares of the credit services provider’s stock valued at $388,616,000 after buying an additional 59,759 shares in the last quarter. 74.90% of the stock is currently owned by institutional investors.

Shares of NYSE MA traded down $3.49 during mid-day trading on Friday, reaching $277.28. 102,045 shares of the company’s stock traded hands, compared to its average volume of 3,827,957. The stock has a market cap of $281.07 billion, a P/E ratio of 42.76, a PEG ratio of 2.19 and a beta of 1.08. The business has a 50-day simple moving average of $275.18 and a 200 day simple moving average of $249.70. Mastercard Inc has a 1-year low of $171.89 and a 1-year high of $283.33. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.49.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.07. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. The firm had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period last year, the company earned $1.66 earnings per share. The business’s revenue was up 12.2% on a year-over-year basis. Equities research analysts anticipate that Mastercard Inc will post 7.61 earnings per share for the current fiscal year.

The company also recently declared 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 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend was Monday, July 8th. Mastercard’s dividend payout ratio (DPR) is presently 20.34%.

A number of brokerages have recently commented on MA. Wedbush lifted their price target on shares of Mastercard from $261.00 to $287.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th. Wells Fargo & Co lifted their price target on shares of Mastercard from $285.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, July 10th. Nomura lifted their price target on shares of Mastercard from $282.00 to $324.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Raymond James lifted their price target on shares of Mastercard from $300.00 to $308.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Bank of America lifted their price target on shares of Mastercard from $255.00 to $267.00 and gave the stock a “neutral” rating in a report on Monday, June 17th. Two equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $291.80.

In other Mastercard news, Director David R. Carlucci sold 3,974 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $262.51, for a total value of $1,043,214.74. Following the transaction, the director now directly owns 54,438 shares in the company, valued at $14,290,519.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 15,890 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $272.06, for a total transaction of $4,323,033.40. Following the completion of the sale, the insider now directly owns 112,030,712 shares in the company, valued at approximately $30,479,075,506.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 201,511 shares of company stock worth $54,471,508. 3.70% of the stock is owned by corporate insiders.

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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