Matthew 25 Management Corp Sells 7,500 Shares of Mastercard Incorporated (MA)

Matthew 25 Management Corp lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 8.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,000 shares of the credit services provider’s stock after selling 7,500 shares during the period. Mastercard makes up 2.7% of Matthew 25 Management Corp’s holdings, making the stock its 14th biggest position. Matthew 25 Management Corp’s holdings in Mastercard were worth $9,716,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MA. YorkBridge Wealth Partners LLC raised its holdings in shares of Mastercard by 3.0% during the first quarter. YorkBridge Wealth Partners LLC now owns 20,160 shares of the credit services provider’s stock worth $2,381,000 after purchasing an additional 580 shares during the last quarter. Pax World Management LLC raised its holdings in shares of Mastercard by 6.2% during the first quarter. Pax World Management LLC now owns 6,803 shares of the credit services provider’s stock worth $765,000 after purchasing an additional 400 shares during the last quarter. Commerce Bank raised its holdings in shares of Mastercard by 8.0% during the first quarter. Commerce Bank now owns 68,474 shares of the credit services provider’s stock worth $7,701,000 after purchasing an additional 5,100 shares during the last quarter. Peddock Capital Advisors LLC raised its holdings in shares of Mastercard by 7.0% during the first quarter. Peddock Capital Advisors LLC now owns 9,323 shares of the credit services provider’s stock worth $1,049,000 after purchasing an additional 607 shares during the last quarter. Finally, Highland Private Wealth Management raised its holdings in shares of Mastercard by 10.6% during the first quarter. Highland Private Wealth Management now owns 2,204 shares of the credit services provider’s stock worth $248,000 after purchasing an additional 212 shares during the last quarter. 76.09% of the stock is owned by hedge funds and other institutional investors.

Mastercard Incorporated (NYSE MA) opened at $149.29 on Friday. The stock has a market capitalization of $157.87 billion, a price-to-earnings ratio of 34.40, a PEG ratio of 2.08 and a beta of 1.21. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.65 and a current ratio of 1.66.

Mastercard (NYSE:MA) last posted its earnings results 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. The company had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. Mastercard’s revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.08 EPS. research analysts forecast that Mastercard Incorporated will post 4.52 EPS for the current fiscal year.

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

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

In other news, insider Michael Fraccaro sold 5,800 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $147.59, for a total value of $856,022.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard Haythornthwaite sold 5,000 shares of the business’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 completion of the sale, the director now directly owns 45,278 shares in the company, valued at $6,452,567.78. The disclosure for this sale can be found here. Insiders sold a total of 112,623 shares of company stock worth $14,916,143 over the last quarter. 0.30% of the stock is currently owned by company insiders.

Mastercard Profile

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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