Mastercard Incorporated (NYSE:MA) Shares Sold by Cadinha & Co. LLC

Cadinha & Co. LLC reduced its position in Mastercard Incorporated (NYSE:MA) by 0.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,592 shares of the credit services provider’s stock after selling 74 shares during the period. Mastercard accounts for approximately 2.2% of Cadinha & Co. LLC’s investment portfolio, making the stock its 20th largest position. Cadinha & Co. LLC’s holdings in Mastercard were worth $10,864,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Pacific Global Investment Management CO raised its stake in shares of Mastercard by 19.2% in the fourth quarter. Pacific Global Investment Management CO now owns 17,409 shares of the credit services provider’s stock worth $1,797,000 after buying an additional 2,807 shares during the period. Alyeska Investment Group L.P. raised its stake in Mastercard by 31.4% in the fourth quarter. Alyeska Investment Group L.P. now owns 373,516 shares of the credit services provider’s stock valued at $38,566,000 after buying an additional 89,171 shares during the last quarter. GLG Partners LP raised its stake in Mastercard by 31.7% in the fourth quarter. GLG Partners LP now owns 49,768 shares of the credit services provider’s stock valued at $5,139,000 after buying an additional 11,979 shares during the last quarter. Sciencast Management LP acquired a new stake in Mastercard during the fourth quarter valued at about $713,000. Finally, GLG LLC raised its stake in Mastercard by 6.8% in the fourth quarter. GLG LLC now owns 59,241 shares of the credit services provider’s stock valued at $6,117,000 after buying an additional 3,766 shares during the last quarter. 75.99% of the stock is owned by hedge funds and other institutional investors.

Shares of Mastercard Incorporated (MA) traded up 0.20% during trading on Friday, hitting $131.14. 3,167,271 shares of the stock were exchanged. The firm has a 50 day moving average price of $127.74 and a 200 day moving average price of $118.27. The firm has a market capitalization of $139.65 billion, a P/E ratio of 32.54 and a beta of 1.17. Mastercard Incorporated has a 52 week low of $94.95 and a 52 week high of $132.63.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, topping the consensus estimate of $1.04 by $0.06. The business had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company earned $0.96 EPS. Analysts forecast that Mastercard Incorporated will post $4.40 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th were given a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, July 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.67%. Mastercard’s dividend payout ratio (DPR) is currently 21.78%.

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Several equities research analysts recently issued reports on the stock. BidaskClub raised shares of Mastercard from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Citigroup Inc. lifted their target price on shares of Mastercard from $123.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, June 19th. Vetr downgraded shares of Mastercard from a “hold” rating to a “sell” rating and set a $115.30 target price on the stock. in a report on Monday, May 22nd. BMO Capital Markets lifted their target price on shares of Mastercard from $126.00 to $137.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $125.00 target price on shares of Mastercard in a report on Friday, July 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $128.20.

In other news, CFO Martina Hundmejean sold 91,107 shares of Mastercard stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total value of $11,824,777.53. Following the completion of the sale, the chief financial officer now owns 170,570 shares in the company, valued at approximately $22,138,280.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 87,618 shares of Mastercard stock in a transaction on Monday, July 17th. The shares were sold at an average price of $126.60, for a total transaction of $11,092,438.80. Following the completion of the sale, the insider now owns 112,736,681 shares of the company’s stock, valued at approximately $14,272,463,814.60. The disclosure for this sale can be found here. Insiders sold a total of 850,468 shares of company stock worth $109,574,694 in the last 90 days. Corporate insiders own 0.30% of the company’s stock.

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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