VGI Partners Ltd Increases Position in Mastercard Inc (NYSE:MA)

VGI Partners Ltd lifted its holdings in shares of Mastercard Inc (NYSE:MA) by 0.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 582,314 shares of the credit services provider’s stock after purchasing an additional 2,100 shares during the period. Mastercard accounts for about 13.0% of VGI Partners Ltd’s portfolio, making the stock its 3rd biggest position. VGI Partners Ltd’s holdings in Mastercard were worth $154,040,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in MA. DeDora Capital Inc. boosted its holdings in Mastercard by 4.4% in the second quarter. DeDora Capital Inc. now owns 4,850 shares of the credit services provider’s stock worth $1,283,000 after acquiring an additional 203 shares in the last quarter. Horizon Investments LLC raised its stake in shares of Mastercard by 146.1% in the first quarter. Horizon Investments LLC now owns 3,957 shares of the credit services provider’s stock worth $930,000 after purchasing an additional 2,349 shares during the last quarter. Dearborn Partners LLC raised its stake in shares of Mastercard by 3.5% in the second quarter. Dearborn Partners LLC now owns 140,223 shares of the credit services provider’s stock worth $37,093,000 after purchasing an additional 4,762 shares during the last quarter. World Asset Management Inc raised its stake in shares of Mastercard by 1.2% in the second quarter. World Asset Management Inc now owns 61,819 shares of the credit services provider’s stock worth $16,353,000 after purchasing an additional 755 shares during the last quarter. Finally, Brightworth raised its stake in shares of Mastercard by 18.4% in the second quarter. Brightworth now owns 3,852 shares of the credit services provider’s stock worth $1,019,000 after purchasing an additional 599 shares during the last quarter. Institutional investors own 74.25% of the company’s stock.

Shares of MA traded down $3.13 on Friday, reaching $272.78. 2,901,196 shares of the company’s stock traded hands, compared to its average volume of 3,434,020. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.55. The stock has a market cap of $280.27 billion, a PE ratio of 42.03, a PEG ratio of 2.18 and a beta of 1.08. The stock’s 50 day simple moving average is $276.20 and its two-hundred day simple moving average is $257.67. Mastercard Inc has a 52-week low of $171.89 and a 52-week high of $293.69.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.89 EPS for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.07. The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. Mastercard’s revenue was up 12.2% on a year-over-year basis. During the same period last year, the business posted $1.66 earnings per share. Analysts forecast that Mastercard Inc will post 7.61 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Tuesday, October 8th. Mastercard’s payout ratio is 20.34%.

In other Mastercard news, insider Michael Miebach sold 2,770 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $285.00, for a total value of $789,450.00. Following the completion of the sale, the insider now directly owns 12,778 shares of the company’s stock, valued at $3,641,730. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Craig Vosburg sold 8,314 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $266.03, for a total value of $2,211,773.42. Following the completion of the sale, the insider now directly owns 33,047 shares of the company’s stock, valued at $8,791,493.41. The disclosure for this sale can be found here. Insiders have sold 148,457 shares of company stock valued at $40,747,113 over the last ninety days. 3.70% of the stock is currently owned by company insiders.

MA has been the subject of several analyst reports. Nomura increased their price objective on Mastercard from $282.00 to $324.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Wells Fargo & Co increased their price objective on Mastercard from $285.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 10th. Barclays increased their price objective on Mastercard from $310.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Royal Bank of Canada set a $315.00 price objective on Mastercard and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, Credit Suisse Group set a $292.00 price objective on Mastercard and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Mastercard presently has an average rating of “Buy” and an average price target of $298.10.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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