Guyasuta Investment Advisors Inc. Cuts Stake in Mastercard Incorporated (MA)

Guyasuta Investment Advisors Inc. lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 234,443 shares of the credit services provider’s stock after selling 3,068 shares during the quarter. Mastercard comprises 3.4% of Guyasuta Investment Advisors Inc.’s investment portfolio, making the stock its 4th biggest holding. Guyasuta Investment Advisors Inc.’s holdings in Mastercard were worth $28,473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the company. Glassman Wealth Services boosted its position in shares of Mastercard by 0.3% during the 1st quarter. Glassman Wealth Services now owns 1,769 shares of the credit services provider’s stock worth $199,000 after purchasing an additional 6 shares in the last quarter. Norway Savings Bank boosted its position in shares of Mastercard by 1.1% during the 2nd quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock worth $117,000 after purchasing an additional 10 shares in the last quarter. Proficio Capital Partners LLC boosted its position in shares of Mastercard by 1.3% during the 2nd quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock worth $118,000 after purchasing an additional 12 shares in the last quarter. Concert Wealth Management Inc. boosted its position in shares of Mastercard by 0.3% during the 1st quarter. Concert Wealth Management Inc. now owns 6,467 shares of the credit services provider’s stock worth $664,000 after purchasing an additional 18 shares in the last quarter. Finally, Berkshire Asset Management LLC PA boosted its position in shares of Mastercard by 0.3% during the 2nd quarter. Berkshire Asset Management LLC PA now owns 6,448 shares of the credit services provider’s stock worth $783,000 after purchasing an additional 18 shares in the last quarter. 76.09% of the stock is currently owned by institutional investors.

A number of equities analysts have recently issued reports on the stock. J P Morgan Chase & Co increased their price objective on shares of Mastercard from $152.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday. Nomura upped their target price on shares of Mastercard from $163.00 to $164.00 and gave the stock a “buy” rating in a report on Wednesday. SunTrust Banks, Inc. upped their target price on shares of Mastercard to $180.00 and gave the stock a “buy” rating in a report on Wednesday. KeyCorp restated an “overweight” rating and issued a $170.00 target price (up previously from $165.00) on shares of Mastercard in a report on Wednesday. Finally, BMO Capital Markets restated an “outperform” rating and issued a $174.00 target price (up previously from $157.00) on shares of Mastercard in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $156.34.

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In other Mastercard news, major shareholder Foundation Mastercard sold 87,623 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $129.34, for a total transaction of $11,333,158.82. Following the completion of the sale, the insider now directly owns 112,240,179 shares of the company’s stock, valued at $14,517,144,751.86. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard Haythornthwaite sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $142.51, for a total transaction of $712,550.00. Following the sale, the director now directly owns 45,278 shares of the company’s stock, valued at $6,452,567.78. The disclosure for this sale can be found here. Insiders have sold 112,623 shares of company stock valued at $14,916,143 over the last three months. 0.30% of the stock is owned by corporate insiders.

Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The firm had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the previous year, the company earned $1.08 earnings per share. The firm’s quarterly revenue was up 18.1% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Friday, October 6th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.59%. Mastercard’s payout ratio is 20.47%.

About Mastercard

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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