Mastercard Incorporated (NYSE:MA) Position Maintained by Daniel Devine & Co

Daniel Devine & Co continued to hold its position in shares of Mastercard Incorporated (NYSE:MA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,435 shares of the credit services provider’s stock at the end of the second quarter. Daniel Devine & Co’s holdings in Mastercard were worth $296,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BTIM Corp. boosted its position in shares of Mastercard by 36.6% in the second quarter. BTIM Corp. now owns 5,227 shares of the credit services provider’s stock worth $635,000 after buying an additional 1,400 shares during the period. Maple Capital Management Inc. boosted its position in shares of Mastercard by 5.2% in the second quarter. Maple Capital Management Inc. now owns 60,128 shares of the credit services provider’s stock worth $7,303,000 after buying an additional 2,975 shares during the period. Aperio Group LLC boosted its position in shares of Mastercard by 6.8% in the second quarter. Aperio Group LLC now owns 500,905 shares of the credit services provider’s stock worth $60,835,000 after buying an additional 32,084 shares during the period. Tarbox Family Office Inc. boosted its position in shares of Mastercard by 74.0% in the second quarter. Tarbox Family Office Inc. now owns 2,352 shares of the credit services provider’s stock worth $286,000 after buying an additional 1,000 shares during the period. Finally, West Coast Financial LLC boosted its position in shares of Mastercard by 3.5% in the second quarter. West Coast Financial LLC now owns 76,531 shares of the credit services provider’s stock worth $9,295,000 after buying an additional 2,607 shares during the period. 75.99% of the stock is owned by institutional investors.

Mastercard Incorporated (MA) opened at 131.14 on Friday. The firm has a 50 day moving average of $127.74 and a 200-day moving average of $118.27. The firm has a market cap of $139.65 billion, a price-to-earnings ratio of 32.54 and a beta of 1.17. Mastercard Incorporated has a one year low of $94.95 and a one year 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 Thomson Reuters’ consensus estimate of $1.04 by $0.06. The company had revenue of $3.05 billion during 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 company’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 earnings per share. Equities research analysts forecast that Mastercard Incorporated will post $4.40 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Friday, July 7th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Wednesday, July 5th. Mastercard’s dividend payout ratio is 21.78%.

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A number of brokerages have issued reports on MA. BidaskClub cut shares of Mastercard from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Cowen and Company reaffirmed an “outperform” rating and issued a $137.00 target price (up from $129.00) on shares of Mastercard in a report on Sunday, July 30th. BMO Capital Markets increased their target price on shares of Mastercard from $126.00 to $137.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Loop Capital increased their target price on shares of Mastercard from $132.00 to $144.00 and gave the company a “positive” rating in a report on Friday, July 28th. They noted that the move was a valuation call. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $147.00 target price (up from $140.00) on shares of Mastercard in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $128.20.

In related news, CFO Martina Hundmejean sold 91,107 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the completion of the sale, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Foundation Mastercard sold 87,623 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $129.34, for a total transaction 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 850,468 shares of company stock valued at $109,574,694 over the last three months. 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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