Mastercard Incorporated $MA Stock Holdings Lessened by Academy Capital Management

Academy Capital Management trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 1.6% during the 2nd quarter, Holdings Channel reports. The fund owned 107,509 shares of the credit services provider’s stock after selling 1,736 shares during the period. Mastercard makes up approximately 8.6% of Academy Capital Management’s investment portfolio, making the stock its 5th biggest position. Academy Capital Management’s holdings in Mastercard were worth $60,414,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MA. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Mastercard during the 2nd quarter worth approximately $11,421,213,000. Nuveen LLC purchased a new stake in shares of Mastercard during the 1st quarter worth approximately $4,238,764,000. Wellington Management Group LLP raised its holdings 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 worth $7,413,936,000 after acquiring an additional 3,765,378 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings 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 worth $524,914,000 after acquiring an additional 908,116 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings 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 acquiring an additional 907,184 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the company’s stock in a transaction 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 transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,330,922.26. This represents a 36.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.09% of the stock is owned by company insiders.

Mastercard Stock Performance

Shares of Mastercard stock opened at $573.72 on Monday. The stock’s fifty day moving average is $579.51 and its two-hundred day moving average is $566.36. The company has a market capitalization of $518.65 billion, a PE ratio of 38.69, a price-to-earnings-growth ratio of 2.35 and a beta of 0.97. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77.

Mastercard (NYSE:MA) last announced its quarterly earnings data 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 company had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.Mastercard’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.50 EPS. As a group, analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio is 20.50%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MA shares. Wells Fargo & Company upgraded Mastercard to a “strong-buy” rating in a report on Wednesday, October 22nd. KeyCorp restated an “overweight” rating and set a $665.00 price target on shares of Mastercard in a report on Wednesday, October 22nd. Robert W. Baird increased their price target on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Seaport Res Ptn upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Finally, TD Cowen restated a “buy” rating and set a $645.00 price target on shares of Mastercard in a report on Monday, August 11th. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $638.96.

Mastercard Company 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.