Beaumont Asset Management L.L.C. Purchases 34 Shares of Mastercard Incorporated $MA

Beaumont Asset Management L.L.C. increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,621 shares of the credit services provider’s stock after purchasing an additional 34 shares during the quarter. Mastercard accounts for 0.8% of Beaumont Asset Management L.L.C.’s holdings, making the stock its 24th biggest holding. Beaumont Asset Management L.L.C.’s holdings in Mastercard were worth $1,473,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of MA. Kingstone Capital Partners Texas LLC bought a new position in shares of Mastercard during the 2nd quarter valued at approximately $11,421,213,000. Nuveen LLC bought a new position in shares of Mastercard during the 1st quarter valued at approximately $4,238,764,000. Wellington Management Group LLP increased its position 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 valued at $7,413,936,000 after purchasing an additional 3,765,378 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Mastercard by 3,493.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider’s stock valued at $524,914,000 after purchasing an additional 908,116 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased 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 valued at $11,015,557,000 after purchasing an additional 907,184 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.6%

MA opened at $576.40 on Thursday. The firm has a market cap of $521.07 billion, a price-to-earnings ratio of 38.87, a PEG ratio of 2.38 and a beta of 0.97. 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 Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The stock has a fifty day moving average price of $581.11 and a 200-day moving average price of $562.55.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $7.95 billion. During the same period in the prior year, the company posted $3.50 EPS. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company 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. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard’s dividend payout ratio is currently 20.50%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a report on Friday, September 26th. The Goldman Sachs Group restated a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Royal Bank Of Canada boosted their price objective on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft assumed coverage on Mastercard in a report on Thursday, July 17th. They set a “buy” rating and a $650.00 price objective for the company. Finally, Seaport Res Ptn upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $634.04.

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction dated 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 transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.09% of the company’s stock.

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.