Brown Shipley& Co Ltd Lowers Stock Position in Mastercard Incorporated $MA

Brown Shipley& Co Ltd decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 4.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 548 shares of the credit services provider’s stock after selling 25 shares during the period. Brown Shipley& Co Ltd’s holdings in Mastercard were worth $300,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MA. Vanguard Group Inc. raised its position in Mastercard by 0.5% in the first quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock worth $42,503,787,000 after acquiring an additional 365,537 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock worth $11,015,557,000 after purchasing an additional 907,184 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Mastercard by 38.6% during the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after purchasing an additional 3,765,378 shares during the period. Northern Trust Corp increased its holdings in shares of Mastercard by 15.2% in the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock valued at $4,817,684,000 after purchasing an additional 1,207,787 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Mastercard by 65,631.5% in the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider’s stock valued at $4,508,636,000 after purchasing an additional 8,213,123 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Price Performance

MA stock opened at $592.2310 on Thursday. The stock’s 50 day moving average price is $563.25 and its 200 day moving average price is $555.28. The firm has a market cap of $535.38 billion, a P/E ratio of 39.93, a PEG ratio of 2.40 and a beta of 1.03. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. Mastercard Incorporated has a 1 year low of $461.90 and a 1 year high of $594.71.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter last year, the business posted $3.50 earnings per share. Mastercard’s revenue was up 16.8% compared to the same quarter last year. On average, sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were paid a $0.76 dividend. The ex-dividend date of this dividend was Wednesday, July 9th. This represents a $3.04 annualized dividend and a yield of 0.5%. Mastercard’s payout ratio is presently 20.50%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Mastercard in a report on Friday, June 6th. Wells Fargo & Company boosted their price target on Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Seaport Res Ptn upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. TD Cowen reaffirmed a “buy” rating and set a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Mastercard in a research report on Thursday, July 17th. They set a “buy” rating and a $650.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $617.93.

Insider Buying and Selling

In other Mastercard news, insider Craig Vosburg sold 14,051 shares of the firm’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the sale, the insider directly owned 58,451 shares of the company’s stock, valued at $34,196,757.55. This trade represents a 19.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of Mastercard stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $572.86, for a total transaction of $549,372.74. Following the sale, the insider owned 25,540 shares of the company’s stock, valued at approximately $14,630,844.40. This trade represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,269 shares of company stock worth $30,634,699 in the last 90 days. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.