Marshfield Associates Has $95.04 Million Position in Mastercard Inc (MA)

Marshfield Associates decreased its position in Mastercard Inc (NYSE:MA) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 483,605 shares of the credit services provider’s stock after selling 9,184 shares during the period. Mastercard makes up approximately 6.3% of Marshfield Associates’ holdings, making the stock its 6th biggest position. Marshfield Associates’ holdings in Mastercard were worth $95,038,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MA. Harvest Fund Management Co. Ltd raised its position in Mastercard by 8.8% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 3,213 shares of the credit services provider’s stock worth $631,000 after buying an additional 259 shares during the last quarter. Price Wealth Management Inc. raised its position in Mastercard by 3.9% in the 2nd quarter. Price Wealth Management Inc. now owns 7,067 shares of the credit services provider’s stock worth $1,389,000 after buying an additional 267 shares during the last quarter. Raymond James Trust N.A. raised its position in Mastercard by 1.9% in the 2nd quarter. Raymond James Trust N.A. now owns 14,154 shares of the credit services provider’s stock worth $2,782,000 after buying an additional 268 shares during the last quarter. Cetera Advisors LLC raised its position in Mastercard by 10.3% in the 1st quarter. Cetera Advisors LLC now owns 2,916 shares of the credit services provider’s stock worth $510,000 after buying an additional 272 shares during the last quarter. Finally, Sather Financial Group Inc raised its position in Mastercard by 0.4% in the 1st quarter. Sather Financial Group Inc now owns 61,189 shares of the credit services provider’s stock worth $10,718,000 after buying an additional 272 shares during the last quarter. Institutional investors own 74.32% of the company’s stock.

A number of brokerages have weighed in on MA. Goldman Sachs Group raised Mastercard from a “buy” rating to a “conviction-buy” rating in a research report on Monday, September 17th. Royal Bank of Canada boosted their target price on Mastercard from $223.00 to $232.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 11th. They noted that the move was a valuation call. Morgan Stanley boosted their target price on Mastercard from $224.00 to $228.00 and gave the stock an “overweight” rating in a research report on Friday, July 27th. Buckingham Research boosted their target price on Mastercard from $222.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. Finally, SunTrust Banks boosted their target price on Mastercard to $240.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the stock. Mastercard has an average rating of “Buy” and an average target price of $208.56.

In related news, CFO Martina Hundmejean sold 69,817 shares of the stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $200.35, for a total value of $13,987,835.95. Following the completion of the sale, the chief financial officer now directly owns 128,905 shares of the company’s stock, valued at approximately $25,826,116.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.32% of the company’s stock.

NYSE MA opened at $221.35 on Tuesday. Mastercard Inc has a 52 week low of $137.75 and a 52 week high of $223.37. The stock has a market cap of $230.43 billion, a PE ratio of 48.33, a price-to-earnings-growth ratio of 1.82 and a beta of 1.19. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.11.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 26th. The credit services provider reported $1.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.13. The company had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.65 billion. Mastercard had a net margin of 33.81% and a return on equity of 103.82%. The firm’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.10 EPS. sell-side analysts forecast that Mastercard Inc will post 6.41 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Tuesday, October 9th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.45%. The ex-dividend date is Friday, October 5th. Mastercard’s dividend payout ratio is 21.83%.

About Mastercard

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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