Bath Savings Trust Co lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 146,045 shares of the credit services provider’s stock after selling 5,308 shares during the period. Mastercard comprises 5.5% of Bath Savings Trust Co’s investment portfolio, making the stock its biggest position. Bath Savings Trust Co’s holdings in Mastercard were worth $20,622,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. American Beacon Advisors Inc. acquired a new position in Mastercard in the 1st quarter valued at about $100,000. Chicago Partners Investment Group LLC lifted its holdings in Mastercard by 1,365.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after buying an additional 874 shares in the last quarter. Thompson Davis & CO. Inc. lifted its holdings in Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after buying an additional 546 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in Mastercard by 108.2% during the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after buying an additional 464 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Mastercard in the 2nd quarter valued at approximately $121,000. 75.81% of the stock is owned by institutional investors and hedge funds.

Mastercard Incorporated (NYSE:MA) traded up $1.09 during midday trading on Monday, hitting $150.98. 516,765 shares of the stock were exchanged, compared to its average volume of 3,217,780. Mastercard Incorporated has a twelve month low of $102.91 and a twelve month high of $154.65. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $158,682.84, a PE ratio of 34.78, a P/E/G ratio of 2.00 and a beta of 1.20.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 9th will be given a dividend of $0.25 per share. This is a boost from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Monday, January 8th. Mastercard’s payout ratio is presently 20.47%.

Mastercard announced that its Board of Directors has initiated a share repurchase program on Monday, December 4th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the credit services provider to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

MA has been the topic of a number of recent analyst reports. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $180.00 target price (up from $166.00) on shares of Mastercard in a research report on Monday. Bank of America increased their price target on shares of Mastercard from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Cantor Fitzgerald restated a “buy” rating and issued a $165.00 target price on shares of Mastercard in a research note on Tuesday, October 31st. Zacks Investment Research cut shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, Loop Capital raised their price objective on shares of Mastercard to $167.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $159.69.

In related news, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $142.51, for a total value of $712,550.00. Following the completion of the sale, the director now owns 45,278 shares in the company, valued at $6,452,567.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Fraccaro sold 5,800 shares of Mastercard stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total transaction of $856,022.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,000 shares of company stock worth $3,582,984. Corporate insiders own 0.30% of the company’s stock.

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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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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