Howard Hughes Medical Institute Decreases Stake in Mastercard Incorporated (MA)

Howard Hughes Medical Institute decreased its position in Mastercard Incorporated (NYSE:MA) by 9.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,964 shares of the credit services provider’s stock after selling 6,073 shares during the quarter. Mastercard comprises approximately 1.3% of Howard Hughes Medical Institute’s investment portfolio, making the stock its 13th biggest position. Howard Hughes Medical Institute’s holdings in Mastercard were worth $7,404,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. American Beacon Advisors Inc. bought a new stake in shares of Mastercard in the first quarter valued at approximately $100,000. Chicago Partners Investment Group LLC boosted its stake in shares of Mastercard by 1,365.6% in the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after buying an additional 874 shares during the period. Thompson Davis & CO. Inc. boosted its stake in shares of Mastercard by 170.1% in the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after buying an additional 546 shares during the period. Proficio Capital Partners LLC boosted its stake in shares of Mastercard by 108.2% in the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after buying an additional 464 shares during the period. Finally, Norway Savings Bank boosted its stake in shares of Mastercard by 1.1% in the second quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock valued at $117,000 after buying an additional 10 shares during the period. 76.21% of the stock is currently owned by institutional investors.

In other Mastercard news, insider Craig Vosburg sold 14,200 shares of the stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the completion of the sale, the insider now directly owns 40,646 shares in the company, valued at approximately $5,766,041.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael Fraccaro sold 5,800 shares of the stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $147.59, for a total value of $856,022.00. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock valued at $3,582,984 over the last 90 days. 0.30% of the stock is currently owned by company insiders.

Shares of Mastercard Incorporated (MA) opened at $149.95 on Wednesday. The firm has a market capitalization of $158,471.11, a price-to-earnings ratio of 34.73, a P/E/G ratio of 1.99 and a beta of 1.21. Mastercard Incorporated has a 1-year low of $99.51 and a 1-year high of $152.00. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.83.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Friday, October 6th were issued a $0.22 dividend. The ex-dividend date 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 20.47%.

MA has been the subject of several recent research reports. Instinet reiterated a “buy” rating and issued a $163.00 price target (up from $153.00) on shares of Mastercard in a research note on Saturday, September 9th. KeyCorp reiterated a “buy” rating and issued a $165.00 price target on shares of Mastercard in a research note on Wednesday, October 18th. BMO Capital Markets reiterated an “outperform” rating and issued a $174.00 price target (up from $157.00) on shares of Mastercard in a research note on Wednesday, November 1st. Piper Jaffray Companies reiterated a “buy” rating and issued a $161.00 price target on shares of Mastercard in a research note on Friday, October 13th. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $158.00 price target (up from $149.00) on shares of Mastercard in a research note on Friday, September 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $157.68.

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About Mastercard

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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