May Hill Capital LLC Purchases 335 Shares of Mastercard Incorporated $MA

May Hill Capital LLC boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 34.0% in the second quarter, Holdings Channel reports. The firm owned 1,321 shares of the credit services provider’s stock after purchasing an additional 335 shares during the period. May Hill Capital LLC’s holdings in Mastercard were worth $742,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MA. Vanguard Group Inc. grew its holdings in shares of Mastercard by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock valued at $42,503,787,000 after buying an additional 365,537 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in Mastercard during the second quarter worth about $11,421,213,000. Price T Rowe Associates Inc. MD lifted its holdings in Mastercard by 4.7% during the first 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. Wellington Management Group LLP increased its holdings in shares of Mastercard by 38.6% in the first 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. Finally, Nuveen LLC acquired a new stake in shares of Mastercard during the first quarter worth about $4,238,764,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MA. Deutsche Bank Aktiengesellschaft initiated coverage on Mastercard in a research report on Thursday, July 17th. They issued a “buy” rating and a $650.00 price objective for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Royal Bank Of Canada raised their price objective on shares of Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. Finally, Robert W. Baird lifted their price target on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Five analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $638.96.

Mastercard Stock Down 0.4%

Shares of MA stock opened at $571.51 on Tuesday. The firm’s fifty day moving average price is $579.25 and its two-hundred day moving average price is $566.75. 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. The firm has a market capitalization of $516.65 billion, a P/E ratio of 38.54, a PEG ratio of 2.35 and a beta of 0.97.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share 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 during the quarter, compared to analysts’ expectations of $7.95 billion. During the same quarter last year, the company earned $3.50 EPS. Mastercard’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be paid a dividend of $0.76 per share. The ex-dividend date 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%.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.09% of the company’s stock.

About Mastercard

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.