Lmcg Investments LLC Has $12.78 Million Stock Position in Mastercard Incorporated $MA

Lmcg Investments LLC trimmed its position in Mastercard Incorporated (NYSE:MA) by 2.9% in the second quarter, Holdings Channel.com reports. The firm owned 22,736 shares of the credit services provider’s stock after selling 682 shares during the period. Lmcg Investments LLC’s holdings in Mastercard were worth $12,776,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. Family Legacy Financial Solutions LLC bought a new position in Mastercard during the second quarter worth about $26,000. Flaharty Asset Management LLC bought a new position in Mastercard during the first quarter worth about $27,000. Keystone Global Partners LLC bought a new position in Mastercard during the first quarter worth about $31,000. Hughes Financial Services LLC bought a new position in Mastercard during the first quarter worth about $34,000. Finally, 1 North Wealth Services LLC bought a new position in Mastercard during the first quarter worth about $44,000. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Morgan Stanley raised their target price on Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a report on Wednesday. KeyCorp lifted their price objective on Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft started coverage on Mastercard in a report on Thursday, July 17th. They set a “buy” rating and a $650.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Mastercard currently has a consensus rating of “Buy” and an average target price of $634.04.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the sale, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,459,294. The trade was a 35.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.09% of the company’s stock.

Mastercard Trading Down 1.4%

NYSE MA opened at $556.80 on Friday. The stock has a market capitalization of $503.35 billion, a price-to-earnings ratio of 37.55, a PEG ratio of 2.31 and a beta of 0.97. The stock’s 50 day moving average price is $581.01 and its two-hundred day moving average price is $562.77. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating the consensus estimate of $4.05 by $0.10. The firm had revenue of $8.13 billion for 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 business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.50 EPS. As a group, analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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 paid a $0.76 dividend. The ex-dividend date is Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.5%. Mastercard’s payout ratio is presently 20.50%.

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.