Monetta Financial Services Inc. Has $1.24 Million Holdings in Mastercard Incorporated $MA

Monetta Financial Services Inc. cut its holdings in Mastercard Incorporated (NYSE:MA) by 37.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,200 shares of the credit services provider’s stock after selling 1,300 shares during the quarter. Monetta Financial Services Inc.’s holdings in Mastercard were worth $1,236,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Mastercard by 0.5% during 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 purchasing an additional 365,537 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in Mastercard during the second quarter worth about $11,421,213,000. Price T Rowe Associates Inc. MD grew 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 buying an additional 907,184 shares during the period. Geode Capital Management LLC increased its stake in shares of Mastercard by 2.8% in the 2nd quarter. Geode Capital Management LLC now owns 19,760,552 shares of the credit services provider’s stock valued at $11,062,509,000 after acquiring an additional 542,841 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Mastercard by 38.6% in the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after acquiring an additional 3,765,378 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

MA has been the subject of a number of analyst reports. Cowen restated a “buy” rating on shares of Mastercard in a report on Friday, October 31st. Royal Bank Of Canada boosted their price target on shares of Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a report on Friday, October 31st. Macquarie raised their price objective on Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. KeyCorp reiterated an “overweight” rating and set a $665.00 target price on shares of Mastercard in a report on Wednesday, October 22nd. Finally, Morgan Stanley set a $665.00 price target on Mastercard and gave the stock an “overweight” rating in a research report on Friday, October 31st. Four research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $649.26.

Mastercard Stock Performance

Shares of MA opened at $561.28 on Thursday. The stock has a market capitalization of $504.03 billion, a price-to-earnings ratio of 37.85, a PEG ratio of 2.27 and a beta of 0.92. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The firm has a fifty day simple moving average of $570.06 and a 200 day simple moving average of $569.74. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, topping the consensus estimate of $4.31 by $0.07. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.53 billion. During the same period in the previous year, the firm posted $3.89 EPS. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. Research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Thursday, October 9th were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date was Thursday, October 9th. Mastercard’s dividend payout ratio is presently 19.44%.

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.