McIlrath & Eck LLC Boosts Position in Mastercard Inc (NYSE:MA)

McIlrath & Eck LLC raised its stake in shares of Mastercard Inc (NYSE:MA) by 10.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,441 shares of the credit services provider’s stock after buying an additional 133 shares during the quarter. Mastercard comprises 0.2% of McIlrath & Eck LLC’s portfolio, making the stock its 28th largest holding. McIlrath & Eck LLC’s holdings in Mastercard were worth $391,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of MA. DeDora Capital Inc. grew its holdings in shares of Mastercard by 4.4% during the second quarter. DeDora Capital Inc. now owns 4,850 shares of the credit services provider’s stock worth $1,283,000 after purchasing an additional 203 shares in the last quarter. Smith Asset Management Group LP purchased a new position in shares of Mastercard during the second quarter worth about $18,541,000. Dearborn Partners LLC grew its holdings in shares of Mastercard by 3.5% during 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 in the last quarter. World Asset Management Inc grew its holdings in shares of Mastercard by 1.2% during 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 in the last quarter. Finally, Brightworth grew its holdings in shares of Mastercard by 18.4% during 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 in the last quarter. 74.21% of the stock is owned by institutional investors and hedge funds.

MA stock traded up $2.10 during midday trading on Friday, hitting $274.89. The company had a trading volume of 2,200,430 shares, compared to its average volume of 3,524,577. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.55. Mastercard Inc has a 52 week low of $171.89 and a 52 week high of $293.69. The stock’s 50 day moving average price is $272.40 and its 200 day moving average price is $267.53. The stock has a market cap of $272.92 billion, a price-to-earnings ratio of 42.36, a PEG ratio of 2.19 and a beta of 1.04.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $2.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.14. Mastercard had a return on equity of 146.92% and a net margin of 42.50%. The firm had revenue of $4.47 billion during the quarter, compared to the consensus estimate of $4.41 billion. During the same quarter in the previous year, the company posted $1.78 earnings per share. The business’s revenue was up 14.6% on a year-over-year basis. Analysts predict that Mastercard Inc will post 7.69 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were given a $0.33 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $1.32 annualized dividend and a yield of 0.48%. Mastercard’s payout ratio is currently 20.34%.

Several research analysts have recently commented on MA shares. Nomura boosted their price objective on Mastercard from $282.00 to $324.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. UBS Group boosted their target price on Mastercard from $300.00 to $312.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Citigroup boosted their target price on Mastercard from $288.00 to $317.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Morgan Stanley boosted their target price on Mastercard from $315.00 to $317.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Moffett Nathanson set a $320.00 target price on Mastercard and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Three research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $303.45.

In related news, Director Richard Haythornthwaite sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $280.00, for a total transaction of $1,400,000.00. Following the completion of the transaction, the director now owns 32,119 shares in the company, valued at $8,993,320. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Richard K. Davis bought 1,735 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average price of $270.09 per share, with a total value of $468,606.15. Following the acquisition, the director now owns 6,031 shares of the company’s stock, valued at $1,628,912.79. The disclosure for this purchase can be found here. Insiders sold 99,080 shares of company stock valued at $27,149,356 in the last quarter. Corporate insiders own 3.70% of the company’s stock.

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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