Montag & Caldwell LLC Sells 7,319 Shares of Mastercard Inc (NYSE:MA)

Montag & Caldwell LLC decreased its holdings in Mastercard Inc (NYSE:MA) by 3.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 213,516 shares of the credit services provider’s stock after selling 7,319 shares during the quarter. Mastercard makes up about 2.9% of Montag & Caldwell LLC’s investment portfolio, making the stock its 18th largest position. Montag & Caldwell LLC’s holdings in Mastercard were worth $56,481,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MA. Dimensional Fund Advisors LP grew its position in Mastercard by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,964,021 shares of the credit services provider’s stock valued at $559,150,000 after buying an additional 42,640 shares during the last quarter. Geode Capital Management LLC grew its position in Mastercard by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 12,431,997 shares of the credit services provider’s stock valued at $2,341,383,000 after buying an additional 416,095 shares during the last quarter. HighPoint Advisor Group LLC grew its position in Mastercard by 22.7% in the 4th quarter. HighPoint Advisor Group LLC now owns 6,776 shares of the credit services provider’s stock valued at $1,494,000 after buying an additional 1,253 shares during the last quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund acquired a new stake in Mastercard in the fourth quarter valued at $1,593,000. Finally, Lake Point Wealth Management acquired a new stake in Mastercard in the fourth quarter valued at $206,000. Hedge funds and other institutional investors own 74.25% of the company’s stock.

MA stock traded up $5.11 during trading on Thursday, hitting $272.26. The stock had a trading volume of 164,133 shares, compared to its average volume of 3,683,371. The company has a 50 day moving average price of $273.39. Mastercard Inc has a 1-year low of $171.89 and a 1-year high of $283.33. The company has a market capitalization of $273.92 billion, a PE ratio of 41.93, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.49 and a current ratio of 1.49.

Mastercard (NYSE:MA) last announced its earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.07. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.66 EPS. As a group, analysts predict that Mastercard Inc will post 7.61 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.48%. The ex-dividend date was Monday, July 8th. Mastercard’s dividend payout ratio (DPR) is 20.34%.

MA has been the subject of a number of recent analyst reports. Citigroup set a $317.00 target price on Mastercard and gave the company a “buy” rating in a report on Friday, July 19th. Nomura raised their target price on Mastercard from $282.00 to $324.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Bank of America raised their target price on Mastercard from $255.00 to $267.00 and gave the company a “neutral” rating in a report on Monday, June 17th. Royal Bank of Canada set a $315.00 target price on Mastercard and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, Barclays raised their target price on Mastercard from $310.00 to $319.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $291.80.

In other Mastercard news, Director Richard K. Davis purchased 1,735 shares of the stock in a transaction on Monday, August 12th. The stock was bought at an average price of $270.09 per share, for a total transaction of $468,606.15. Following the acquisition, the director now directly owns 6,031 shares of the company’s stock, valued at $1,628,912.79. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Ann Cairns sold 51,850 shares of Mastercard stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $259.80, for a total value of $13,470,630.00. Following the completion of the sale, the insider now owns 134,120 shares of the company’s stock, valued at approximately $34,844,376. The disclosure for this sale can be found here. Insiders sold a total of 201,511 shares of company stock valued at $54,471,508 in the last 90 days. 3.70% of the stock is owned by company insiders.

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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