Mastercard Incorporated (MA) Holdings Lifted by Eaton Vance Management

Eaton Vance Management raised its stake in Mastercard Incorporated (NYSE:MA) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 403,265 shares of the credit services provider’s stock after buying an additional 3,858 shares during the quarter. Eaton Vance Management’s holdings in Mastercard were worth $48,977,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Highland Private Wealth Management increased its stake in 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 period. Mosaic Family Wealth LLC increased its stake in Mastercard by 13.9% during the first quarter. Mosaic Family Wealth LLC now owns 2,050 shares of the credit services provider’s stock worth $231,000 after purchasing an additional 250 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Mastercard by 28.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 69,888 shares of the credit services provider’s stock worth $7,860,000 after purchasing an additional 15,323 shares during the period. Ameriprise Financial Inc. increased its stake in Mastercard by 6.2% during the first quarter. Ameriprise Financial Inc. now owns 10,168,300 shares of the credit services provider’s stock worth $1,143,636,000 after purchasing an additional 591,427 shares during the period. Finally, Eagle Asset Management Inc. purchased a new stake in Mastercard during the first quarter worth about $318,000. 76.08% of the stock is currently owned by institutional investors.

In related news, Director Richard Haythornthwaite sold 5,000 shares of the stock in a transaction on Monday, October 2nd. The stock was 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 of the company’s stock, valued at $6,452,567.78. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 87,623 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $129.34, for a total value of $11,333,158.82. Following the sale, the insider now directly owns 112,240,179 shares of the company’s stock, valued at $14,517,144,751.86. The disclosure for this sale can be found here. Insiders sold 112,623 shares of company stock valued at $14,916,143 over the last three months. Corporate insiders own 0.30% of the company’s stock.

Shares of Mastercard Incorporated (MA) opened at $149.29 on Monday. The firm has a market capitalization of $158,047.64, a P/E ratio of 34.64, a PEG ratio of 2.03 and a beta of 1.21. Mastercard Incorporated has a fifty-two week low of $99.51 and a fifty-two week high of $152.00. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.83.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.11. The business had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The company’s revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.08 earnings per share. sell-side analysts predict that Mastercard Incorporated will post 4.52 EPS for the current fiscal year.

The company 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 $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Thursday, October 5th. Mastercard’s payout ratio is currently 20.47%.

MA has been the topic of a number of recent research reports. Instinet reiterated a “buy” rating and set a $163.00 price target (up from $153.00) on shares of Mastercard in a research note on Saturday, September 9th. KeyCorp reiterated a “buy” rating and set a $165.00 price target on shares of Mastercard in a research note on Wednesday, October 18th. BMO Capital Markets reiterated an “outperform” rating and set a $174.00 price target (up from $157.00) on shares of Mastercard in a research note on Wednesday, November 1st. Deutsche Bank AG reiterated a “buy” rating and set a $150.00 price target (up from $124.00) on shares of Mastercard in a research note on Monday, July 10th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $161.00 price target on shares of Mastercard in a research note on Friday, October 13th. One equities 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 company has an average rating of “Buy” and an average target price of $156.34.

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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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