Bristol John W & Co. Inc. NY cut its position in shares of Mastercard Incorporated (NYSE:MA) by 11.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 712,022 shares of the credit services provider’s stock after selling 88,543 shares during the period. Mastercard accounts for about 2.5% of Bristol John W & Co. Inc. NY’s investment portfolio, making the stock its 5th largest position. Bristol John W & Co. Inc. NY owned approximately 0.07% of Mastercard worth $86,475,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of MA. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. raised its stake in shares of Mastercard by 5.0% in the 1st quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 2,100 shares of the credit services provider’s stock valued at $236,000 after acquiring an additional 100 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Mastercard by 14.0% in the 1st quarter. Private Advisor Group LLC now owns 46,791 shares of the credit services provider’s stock valued at $5,244,000 after acquiring an additional 5,762 shares in the last quarter. Svenska Handelsbanken AB publ raised its stake in shares of Mastercard by 29.4% in the 1st quarter. Svenska Handelsbanken AB publ now owns 14,100 shares of the credit services provider’s stock valued at $1,586,000 after acquiring an additional 3,200 shares in the last quarter. South Texas Money Management Ltd. raised its stake in shares of Mastercard by 8.4% in the 1st quarter. South Texas Money Management Ltd. now owns 2,299 shares of the credit services provider’s stock valued at $259,000 after acquiring an additional 178 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Mastercard by 36.9% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 479,100 shares of the credit services provider’s stock valued at $53,884,000 after acquiring an additional 129,100 shares in the last quarter. 75.71% of the stock is owned by institutional investors.

Shares of Mastercard Incorporated (NYSE:MA) opened at $152.74 on Friday. Mastercard Incorporated has a fifty-two week low of $99.51 and a fifty-two week high of $153.00. The firm has a market capitalization of $160,122.63, a P/E ratio of 35.09, a PEG ratio of 2.02 and a beta of 1.21. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.11. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The company had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter last year, the firm earned $1.08 EPS. Mastercard’s revenue for the quarter was up 18.1% compared to the same quarter last year. research analysts expect that Mastercard Incorporated will post 4.54 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Friday, October 6th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Thursday, October 5th. Mastercard’s payout ratio is presently 20.47%.

A number of research analysts recently weighed in on the company. Zacks Investment Research downgraded Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Bank of America Corporation raised their price objective on Mastercard from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, November 6th. J P Morgan Chase & Co raised their price objective on Mastercard from $152.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Nomura raised their price objective on Mastercard from $163.00 to $164.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Finally, SunTrust Banks, Inc. raised their price objective on Mastercard to $180.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have assigned a buy rating to the stock. Mastercard has a consensus rating of “Buy” and an average target price of $157.68.

In other news, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total transaction of $712,550.00. Following the sale, the director now owns 45,278 shares of the company’s stock, valued at approximately $6,452,567.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Fraccaro sold 5,800 shares of Mastercard stock in a transaction that occurred on 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 have sold a total of 25,000 shares of company stock worth $3,582,984 in the last three months. 0.30% of the stock is owned by insiders.

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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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