Choate Investment Advisors Increases Holdings in Mastercard Incorporated (MA)

Choate Investment Advisors raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,371 shares of the credit services provider’s stock after acquiring an additional 370 shares during the period. Choate Investment Advisors’ holdings in Mastercard were worth $895,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American Beacon Advisors Inc. acquired a new position in shares of Mastercard in the 1st quarter valued at $100,000. Chicago Partners Investment Group LLC lifted its stake in shares of Mastercard by 1,365.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 874 shares during the period. Thompson Davis & CO. Inc. lifted its stake in shares of Mastercard by 170.1% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 546 shares during the period. Proficio Capital Partners LLC lifted its stake in shares of Mastercard by 108.2% in the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after purchasing an additional 464 shares during the period. Finally, Norway Savings Bank lifted its stake in shares of Mastercard by 1.1% in the 2nd quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock valued at $117,000 after purchasing an additional 10 shares during the period. Institutional investors and hedge funds own 76.21% of the company’s stock.

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A number of equities analysts have weighed in on the stock. Bank of America Corporation upped their price objective on shares of Mastercard from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. SunTrust Banks, Inc. upped their price objective on shares of Mastercard to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Cowen and Company restated an “outperform” rating and set a $137.00 price objective (up from $129.00) on shares of Mastercard in a research report on Sunday, July 30th. Cantor Fitzgerald assumed coverage on shares of Mastercard in a research report on Thursday, September 28th. They set an “overweight” rating and a $165.00 price objective for the company. Finally, BidaskClub upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $157.68.

In other Mastercard news, insider Michael Fraccaro sold 5,800 shares of the company’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $147.59, for a total value of $856,022.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard Haythornthwaite sold 5,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $142.51, for a total transaction of $712,550.00. Following the completion of the transaction, the director now directly owns 45,278 shares in the company, valued at approximately $6,452,567.78. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock worth $3,582,984 in the last ninety days. 0.30% of the stock is currently owned by corporate insiders.

Mastercard Incorporated (NYSE:MA) opened at $149.95 on Wednesday. Mastercard Incorporated has a 1 year low of $99.51 and a 1 year high of $152.00. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66. The company has a market cap of $158,471.11, a PE ratio of 34.73, a price-to-earnings-growth ratio of 1.99 and a beta of 1.21.

Mastercard (NYSE:MA) last posted its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The company had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the prior year, the company posted $1.08 earnings per share. Mastercard’s revenue for the quarter was up 18.1% compared to the same quarter last year. equities research analysts forecast that Mastercard Incorporated will post 4.54 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Friday, October 6th were given a $0.22 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a yield of 0.59%. Mastercard’s payout ratio is currently 20.47%.

Mastercard 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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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