HM Payson & Co. raised its stake in Mastercard Incorporated (NYSE:MA) by 0.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 155,429 shares of the credit services provider’s stock after buying an additional 644 shares during the period. HM Payson & Co.’s holdings in Mastercard were worth $17,481,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pointe Capital Management LLC raised its stake in Mastercard by 7.8% in the first quarter. Pointe Capital Management LLC now owns 5,927 shares of the credit services provider’s stock valued at $667,000 after buying an additional 427 shares during the last quarter. Proficio Capital Partners LLC raised its stake in Mastercard by 108.2% in the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after buying an additional 464 shares during the last quarter. Ibex Wealth Advisors raised its stake in Mastercard by 2.5% in the first quarter. Ibex Wealth Advisors now owns 19,391 shares of the credit services provider’s stock valued at $2,173,000 after buying an additional 482 shares during the last quarter. Steadfast Capital Management LP raised its stake in Mastercard by 69.5% in the first quarter. Steadfast Capital Management LP now owns 1,090,340 shares of the credit services provider’s stock valued at $122,631,000 after buying an additional 447,244 shares during the last quarter. Finally, Achmea Investment Management B.V. purchased a new stake in Mastercard during the first quarter valued at about $8,739,000. Hedge funds and other institutional investors own 75.99% of the company’s stock.

Mastercard Incorporated (MA) traded up 0.45% during mid-day trading on Wednesday, reaching $132.17. 621,753 shares of the company traded hands. Mastercard Incorporated has a 12-month low of $94.41 and a 12-month high of $132.39. The firm has a market capitalization of $140.75 billion, a P/E ratio of 32.80 and a beta of 1.17. The company’s 50 day moving average price is $127.02 and its 200 day moving average price is $117.92.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. Mastercard’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.96 EPS. Equities research analysts predict that Mastercard Incorporated will post $4.40 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Friday, July 7th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Wednesday, July 5th. Mastercard’s dividend payout ratio (DPR) is presently 21.78%.

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Several research firms recently weighed in on MA. Deutsche Bank AG restated a “buy” rating and set a $150.00 price target (up previously from $124.00) on shares of Mastercard in a research report on Monday, July 10th. BMO Capital Markets increased their price target on shares of Mastercard from $123.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, May 3rd. Wedbush restated an “outperform” rating and set a $129.00 price target (up previously from $126.00) on shares of Mastercard in a research report on Tuesday, June 6th. Cowen and Company increased their price target on shares of Mastercard from $122.00 to $127.00 and gave the company an “outperform” rating in a research report on Wednesday, May 3rd. Finally, Oppenheimer Holdings, Inc. increased their price target on shares of Mastercard and gave the company an “outperform” rating in a research report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. Mastercard presently has an average rating of “Buy” and an average price target of $128.20.

In other news, major shareholder Foundation Mastercard sold 87,618 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $126.60, for a total transaction of $11,092,438.80. Following the transaction, the insider now owns 112,736,681 shares of the company’s stock, valued at approximately $14,272,463,814.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Martina Hundmejean sold 91,107 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total value of $11,824,777.53. Following the transaction, the chief financial officer now directly owns 170,570 shares in the company, valued at approximately $22,138,280.30. The disclosure for this sale can be found here. Insiders sold a total of 850,468 shares of company stock worth $109,574,694 in the last ninety days. 0.30% of the stock is currently owned by corporate insiders.

Mastercard Company Profile

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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