BLB&B Advisors LLC held its stake in shares of Mastercard Incorporated (NYSE:MA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,030 shares of the credit services provider’s stock at the end of the second quarter. BLB&B Advisors LLC’s holdings in Mastercard were worth $341,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Dubuque Bank & Trust Co. boosted its stake in shares of Mastercard by 29.0% in the second quarter. Dubuque Bank & Trust Co. now owns 4,137 shares of the credit services provider’s stock valued at $502,000 after buying an additional 930 shares during the last quarter. BTIM Corp. boosted its stake in shares of Mastercard by 36.6% in the second quarter. BTIM Corp. now owns 5,227 shares of the credit services provider’s stock valued at $635,000 after buying an additional 1,400 shares during the last quarter. Maple Capital Management Inc. boosted its stake in shares of Mastercard by 5.2% in the second quarter. Maple Capital Management Inc. now owns 60,128 shares of the credit services provider’s stock valued at $7,303,000 after buying an additional 2,975 shares during the last quarter. Aperio Group LLC boosted its stake in shares of Mastercard by 6.8% in the second quarter. Aperio Group LLC now owns 500,905 shares of the credit services provider’s stock valued at $60,835,000 after buying an additional 32,084 shares during the last quarter. Finally, Tarbox Family Office Inc. boosted its stake in shares of Mastercard by 74.0% in the second quarter. Tarbox Family Office Inc. now owns 2,352 shares of the credit services provider’s stock valued at $286,000 after buying an additional 1,000 shares during the last quarter. 75.76% of the stock is currently owned by institutional investors.

Mastercard Incorporated (NYSE MA) traded down 1.32% during mid-day trading on Thursday, reaching $128.01. The company’s stock had a trading volume of 1,174,142 shares. The firm has a market capitalization of $136.32 billion, a price-to-earnings ratio of 31.76 and a beta of 1.17. Mastercard Incorporated has a 52 week low of $94.41 and a 52 week high of $132.20. The company’s 50-day moving average price is $126.31 and its 200 day moving average price is $117.29.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter last year, the firm earned $0.96 EPS. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, equities analysts forecast that Mastercard Incorporated will post $4.39 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 7th were issued a $0.22 dividend. The ex-dividend date was Wednesday, July 5th. This represents a $0.88 annualized dividend and a yield of 0.68%. Mastercard’s dividend payout ratio (DPR) is presently 21.78%.

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Several equities research analysts have weighed in on the company. BidaskClub cut Mastercard from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Cowen and Company reissued an “outperform” rating and set a $137.00 price objective (up from $129.00) on shares of Mastercard in a research note on Sunday, July 30th. BMO Capital Markets boosted their price objective on Mastercard from $126.00 to $137.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Loop Capital boosted their price objective on Mastercard from $132.00 to $144.00 and gave the stock a “positive” rating in a research note on Friday, July 28th. They noted that the move was a valuation call. Finally, Jefferies Group LLC reissued a “buy” rating and set a $147.00 price objective (up from $140.00) on shares of Mastercard in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $128.20.

In other Mastercard news, major shareholder Foundation Mastercard sold 58,412 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $129.87, for a total value of $7,585,966.44. Following the completion of the transaction, the insider now owns 112,298,591 shares in the company, valued at $14,584,218,013.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Martina Hundmejean sold 91,107 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the completion of the transaction, the chief financial officer now owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The disclosure for this sale can be found here. Insiders sold a total of 762,845 shares of company stock valued at $98,241,535 in the last quarter. 0.30% of the stock is owned by insiders.

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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