Overbrook Management Corp Buys Shares of 1,481 Mastercard Incorporated $MA

Overbrook Management Corp bought a new position in shares of Mastercard Incorporated (NYSE:MA) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,481 shares of the credit services provider’s stock, valued at approximately $832,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. ORG Partners LLC raised its stake in Mastercard by 73.2% during the 2nd quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock worth $394,000 after buying an additional 295 shares during the period. Ethos Financial Group LLC increased its holdings in shares of Mastercard by 19.5% in the first quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock worth $1,683,000 after acquiring an additional 518 shares in the last quarter. Fortis Advisors LLC raised its position in shares of Mastercard by 9.4% during the first quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider’s stock worth $477,000 after purchasing an additional 75 shares during the period. Canandaigua National Trust Co of Florida lifted its holdings in shares of Mastercard by 36.4% during the 1st quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider’s stock valued at $380,000 after purchasing an additional 185 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC grew its position in shares of Mastercard by 4.3% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 6,463 shares of the credit services provider’s stock valued at $3,632,000 after purchasing an additional 264 shares during the period. 97.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Wall Street Zen downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a report on Friday. Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a report on Thursday, July 17th. They set a “buy” rating and a $650.00 price objective on the stock. Wolfe Research set a $655.00 target price on shares of Mastercard in a research note on Monday, June 23rd. The Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Finally, Royal Bank Of Canada boosted their price target on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $630.89.

Mastercard Trading Down 0.3%

Mastercard stock opened at $565.63 on Monday. The company has a market cap of $511.34 billion, a price-to-earnings ratio of 38.14, a P/E/G ratio of 2.32 and a beta of 0.99. The firm has a 50-day moving average of $579.00 and a 200-day moving average of $560.57. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) 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 business had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same quarter in the prior year, the company posted $3.50 earnings per share. Mastercard’s revenue was up 16.8% on a year-over-year basis. On average, equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio is presently 20.50%.

Insider Buying and Selling at Mastercard

In other news, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the transaction, the director owned 8,469 shares of the company’s stock, valued at $4,833,004.23. This trade represents a 3.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO J. Mehra Sachin sold 17,816 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,391 shares of company stock valued at $20,836,514 over the last three months. 0.09% of the stock is owned by company 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.