Baxter Bros Inc. Has $18.29 Million Stock Position in Mastercard Incorporated $MA

Baxter Bros Inc. trimmed its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,553 shares of the credit services provider’s stock after selling 680 shares during the quarter. Mastercard accounts for 2.2% of Baxter Bros Inc.’s portfolio, making the stock its 13th largest holding. Baxter Bros Inc.’s holdings in Mastercard were worth $18,293,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Armstrong Fleming & Moore Inc acquired a new position in shares of Mastercard in the 2nd quarter worth approximately $424,000. Fulton Breakefield Broenniman LLC boosted its holdings in shares of Mastercard by 23.1% in the 2nd quarter. Fulton Breakefield Broenniman LLC now owns 575 shares of the credit services provider’s stock worth $323,000 after acquiring an additional 108 shares in the last quarter. Beaumont Asset Management L.L.C. boosted its holdings in shares of Mastercard by 1.3% in the 2nd quarter. Beaumont Asset Management L.L.C. now owns 2,621 shares of the credit services provider’s stock worth $1,473,000 after acquiring an additional 34 shares in the last quarter. Values Added Financial LLC boosted its holdings in shares of Mastercard by 29.1% in the 2nd quarter. Values Added Financial LLC now owns 1,642 shares of the credit services provider’s stock worth $923,000 after acquiring an additional 370 shares in the last quarter. Finally, Maryland State Retirement & Pension System boosted its holdings in shares of Mastercard by 3.2% in the 2nd quarter. Maryland State Retirement & Pension System now owns 39,443 shares of the credit services provider’s stock worth $22,165,000 after acquiring an additional 1,208 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction 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 represents a 36.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Price Performance

MA stock opened at $576.40 on Thursday. The stock has a 50-day moving average price of $581.11 and a two-hundred day moving average price of $562.55. The stock has a market cap of $521.07 billion, a PE ratio of 38.87, a price-to-earnings-growth 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 1 year low of $465.59 and a 1 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 analysts’ consensus estimates of $4.05 by $0.10. The firm had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.50 EPS. Equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s dividend payout ratio is 20.50%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on MA shares. Morgan Stanley increased their price target on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Truist Financial lowered their price objective on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a research report on Wednesday. KeyCorp upped their price objective on shares of Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, Wolfe Research set a $655.00 price objective on shares of Mastercard in a research report on Monday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $634.04.

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.