Steadfast Capital Management LP Boosts Stake in Mastercard Incorporated (MA)

Steadfast Capital Management LP grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,091,698 shares of the credit services provider’s stock after acquiring an additional 1,358 shares during the period. Mastercard comprises about 2.4% of Steadfast Capital Management LP’s holdings, making the stock its 15th biggest position. Steadfast Capital Management LP owned about 0.10% of Mastercard worth $132,587,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Mastercard by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock worth $7,930,357,000 after purchasing an additional 1,490,267 shares during the last quarter. State Street Corp raised its position in shares of Mastercard by 0.4% during the 1st quarter. State Street Corp now owns 37,454,824 shares of the credit services provider’s stock worth $4,212,546,000 after purchasing an additional 140,515 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Mastercard by 784.3% during the 2nd quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock worth $2,048,899,000 after purchasing an additional 14,962,583 shares during the last quarter. Capital Research Global Investors raised its position in shares of Mastercard by 15.8% during the 2nd quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock worth $1,540,665,000 after purchasing an additional 1,729,179 shares during the last quarter. Finally, Capital World Investors raised its position in shares of Mastercard by 2.3% during the 2nd quarter. Capital World Investors now owns 12,675,652 shares of the credit services provider’s stock worth $1,539,458,000 after purchasing an additional 289,488 shares during the last quarter. Institutional investors own 75.99% of the company’s stock.

Shares of Mastercard Incorporated (NYSE MA) traded down $0.59 during midday trading on Friday, hitting $149.69. 3,930,000 shares of the stock traded hands, compared to its average volume of 3,090,852. Mastercard Incorporated has a one year low of $99.82 and a one year high of $154.65. The stock has a market cap of $158,471.11, a PE ratio of 34.73, a PEG ratio of 1.99 and a beta of 1.21. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company 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 EPS. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. sell-side analysts forecast that Mastercard Incorporated will post 4.54 earnings per share for the current fiscal year.

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

In related news, insider Craig Vosburg sold 14,200 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the completion of the sale, the insider now directly owns 40,646 shares of the company’s stock, valued at approximately $5,766,041.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard Haythornthwaite sold 5,000 shares of the company’s 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 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 a total of 25,000 shares of company stock valued at $3,582,984 over the last three months. Corporate insiders own 0.30% of the company’s stock.

Several brokerages recently issued reports on MA. Vetr upgraded Mastercard from a “hold” rating to a “buy” rating and set a $157.45 price objective for the company in a research report on Wednesday. Cantor Fitzgerald began coverage on Mastercard in a report on Thursday, September 28th. They issued an “overweight” rating and a $165.00 price target for the company. BidaskClub upgraded Mastercard from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a report on Thursday, September 21st. Finally, Mizuho reiterated a “hold” rating and issued a $140.00 price target on shares of Mastercard in a report on Thursday, October 12th. Two investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $159.08.

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Mastercard Company 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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