Waldron Private Wealth LLC Trims Stock Holdings in Mastercard Incorporated (NYSE:MA)

Waldron Private Wealth LLC lessened its position in shares of Mastercard Incorporated (NYSE:MA) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,511 shares of the credit services provider’s stock after selling 158 shares during the quarter. Waldron Private Wealth LLC’s holdings in Mastercard were worth $3,709,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Swedbank AB purchased a new position in shares of Mastercard during the 1st quarter valued at about $660,652,000. PineStone Asset Management Inc. boosted its position in Mastercard by 145.6% in the 2nd quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock worth $784,148,000 after purchasing an additional 1,053,616 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in Mastercard during the second quarter valued at $259,071,000. Capital World Investors increased its holdings in Mastercard by 13.3% in the first quarter. Capital World Investors now owns 3,293,617 shares of the credit services provider’s stock valued at $1,586,107,000 after buying an additional 387,317 shares in the last quarter. Finally, Lone Pine Capital LLC raised its position in shares of Mastercard by 53.4% in the second quarter. Lone Pine Capital LLC now owns 1,043,557 shares of the credit services provider’s stock worth $460,376,000 after acquiring an additional 363,133 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 90,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value of $42,192,000.00. Following the sale, the insider now owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,809 shares of company stock worth $159,610,703 in the last quarter. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

MA has been the subject of several recent analyst reports. Susquehanna lifted their price target on Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research note on Thursday, August 1st. Argus upgraded Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada boosted their target price on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Oppenheimer started coverage on shares of Mastercard in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price target on the stock. Finally, Evercore ISI decreased their target price on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $525.68.

Mastercard Stock Down 0.3 %

Shares of MA traded down $1.42 during mid-day trading on Tuesday, reaching $513.59. The company’s stock had a trading volume of 944,412 shares, compared to its average volume of 2,434,439. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $518.82. The stock has a market cap of $477.44 billion, a PE ratio of 40.59, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. The company’s 50 day moving average is $488.09 and its 200 day moving average is $464.33.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. The company had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. Equities analysts anticipate that Mastercard Incorporated will post 14.3 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given a $0.66 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.