KC Investment Advisors LLC Has $1.30 Million Stake in Mastercard Incorporated (NYSE:MA)

KC Investment Advisors LLC raised its position in Mastercard Incorporated (NYSE:MA) by 1.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,553 shares of the credit services provider’s stock after purchasing an additional 36 shares during the period. Mastercard makes up about 1.0% of KC Investment Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. KC Investment Advisors LLC’s holdings in Mastercard were worth $1,297,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Capital International Investors lifted its stake in Mastercard by 22.6% in the first quarter. Capital International Investors now owns 12,027,838 shares of the credit services provider’s stock valued at $4,282,516,000 after acquiring an additional 2,218,827 shares during the last quarter. Magellan Asset Management Ltd increased its position in Mastercard by 46.0% during the first quarter. Magellan Asset Management Ltd now owns 5,869,782 shares of the credit services provider’s stock worth $2,089,936,000 after acquiring an additional 1,850,331 shares during the period. Morgan Stanley increased its position in Mastercard by 8.2% during the first quarter. Morgan Stanley now owns 18,519,943 shares of the credit services provider’s stock worth $6,594,026,000 after acquiring an additional 1,401,668 shares during the period. Nuveen Asset Management LLC increased its position in Mastercard by 19.2% during the first quarter. Nuveen Asset Management LLC now owns 6,877,284 shares of the credit services provider’s stock worth $2,448,657,000 after acquiring an additional 1,109,951 shares during the period. Finally, Deutsche Bank AG increased its holdings in Mastercard by 38.6% in the 2nd quarter. Deutsche Bank AG now owns 3,492,110 shares of the credit services provider’s stock valued at $1,274,934,000 after buying an additional 972,628 shares during the period. 73.97% of the stock is owned by hedge funds and other institutional investors.

In other Mastercard news, Chairman Ajay Banga sold 60,000 shares of the company’s stock in a transaction dated Wednesday, July 14th. The shares were sold at an average price of $390.34, for a total transaction of $23,420,400.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 78,985 shares of the company’s stock in a transaction dated Monday, August 16th. The shares were sold at an average price of $358.90, for a total value of $28,347,716.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 872,777 shares of company stock valued at $328,809,430. Company insiders own 0.33% of the company’s stock.

Several equities analysts have commented on the stock. BMO Capital Markets raised their target price on shares of Mastercard from $427.00 to $429.00 and gave the company an “outperform” rating in a report on Friday, July 30th. Wells Fargo & Company raised their price target on shares of Mastercard from $430.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, July 30th. Mizuho raised their price target on shares of Mastercard from $435.00 to $450.00 and gave the company a “buy” rating in a research note on Monday, August 2nd. JPMorgan Chase & Co. raised their price target on shares of Mastercard from $427.00 to $430.00 and gave the company an “overweight” rating in a research note on Tuesday, August 17th. Finally, Raymond James raised their price target on shares of Mastercard from $428.00 to $453.00 and gave the company an “outperform” rating in a research note on Friday, July 30th. Two research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $418.48.

MA stock traded down $1.67 during midday trading on Monday, reaching $356.49. 169,638 shares of the company’s stock traded hands, compared to its average volume of 3,782,158. The company has a market cap of $351.78 billion, a price-to-earnings ratio of 49.74, a P/E/G ratio of 1.98 and a beta of 1.16. The firm’s fifty day moving average price is $360.75 and its 200-day moving average price is $367.85. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 2.03. Mastercard Incorporated has a 52 week low of $281.20 and a 52 week high of $401.50.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 29th. The credit services provider reported $1.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.23. Mastercard had a net margin of 43.22% and a return on equity of 109.48%. The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.35 billion. Analysts forecast that Mastercard Incorporated will post 8.11 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 9th. Stockholders of record on Friday, October 8th will be paid a $0.44 dividend. The ex-dividend date is Thursday, October 7th. This represents a $1.76 annualized dividend and a dividend yield of 0.49%. Mastercard’s payout ratio is 27.37%.

Mastercard Company Profile

Mastercard, Inc operates as a technology company. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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