Fulton Breakefield Broenniman LLC Has $323,000 Stake in Mastercard Incorporated $MA

Fulton Breakefield Broenniman LLC boosted its stake in Mastercard Incorporated (NYSE:MA) by 23.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 575 shares of the credit services provider’s stock after buying an additional 108 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Mastercard were worth $323,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of MA. Brighton Jones LLC boosted its stake in Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after purchasing an additional 2,028 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its stake in Mastercard by 3.2% in the first quarter. Wealthcare Advisory Partners LLC now owns 6,819 shares of the credit services provider’s stock worth $3,737,000 after purchasing an additional 212 shares in the last quarter. GAMMA Investing LLC boosted its stake in Mastercard by 19.9% in the first quarter. GAMMA Investing LLC now owns 15,007 shares of the credit services provider’s stock worth $8,226,000 after purchasing an additional 2,493 shares in the last quarter. MV Capital Management Inc. boosted its stake in Mastercard by 3.2% in the first quarter. MV Capital Management Inc. now owns 6,950 shares of the credit services provider’s stock worth $3,809,000 after purchasing an additional 216 shares in the last quarter. Finally, Kozak & Associates Inc. boosted its stake in Mastercard by 57.7% in the first quarter. Kozak & Associates Inc. now owns 112 shares of the credit services provider’s stock worth $57,000 after purchasing an additional 41 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares in the company, valued at $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. Royal Bank Of Canada upped their price target on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a research note on Wednesday. Morgan Stanley upped their price target on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Mastercard in a research note on Thursday, July 17th. They set a “buy” rating and a $650.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $634.04.

Mastercard Trading Down 0.6%

NYSE MA opened at $576.40 on Thursday. The stock has a 50-day simple moving average of $581.11 and a 200 day simple moving average of $562.55. The company has a market capitalization of $521.07 billion, a PE ratio of 38.87, a P/E/G ratio of 2.38 and a beta of 0.97. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. The business had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.50 earnings per share. Research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s dividend payout ratio is 20.50%.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.