Lake Street Advisors Group LLC trimmed its holdings in Mastercard Inc (NYSE:MA) by 6.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,957 shares of the credit services provider’s stock after selling 392 shares during the period. Lake Street Advisors Group LLC’s holdings in Mastercard were worth $1,171,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Argent Trust Co raised its position in Mastercard by 2.6% in the second quarter. Argent Trust Co now owns 18,712 shares of the credit services provider’s stock worth $3,678,000 after acquiring an additional 475 shares during the period. Martin & Co. Inc. TN bought a new stake in Mastercard in the second quarter worth about $1,334,000. Cypress Capital Group raised its position in Mastercard by 6.2% in the second quarter. Cypress Capital Group now owns 25,085 shares of the credit services provider’s stock worth $4,930,000 after acquiring an additional 1,466 shares during the period. HRT Financial LLC bought a new stake in Mastercard in the second quarter worth about $258,000. Finally, Mutual Advisors LLC bought a new stake in Mastercard in the second quarter worth about $244,000. 74.32% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have commented on MA. Zacks Investment Research lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. Oppenheimer lifted their price objective on shares of Mastercard from $197.00 to $215.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 17th. Morgan Stanley lifted their price objective on shares of Mastercard from $224.00 to $228.00 and gave the stock an “overweight” rating in a research report on Friday, July 27th. KeyCorp reaffirmed an “overweight” rating and issued a $230.00 price objective (up previously from $200.00) on shares of Mastercard in a research report on Thursday, July 26th. Finally, Sandler O’Neill reaffirmed a “hold” rating and issued a $209.00 price objective on shares of Mastercard in a research report on Friday, July 27th. Four investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $208.56.

In other news, CFO Martina Hundmejean sold 69,817 shares of Mastercard stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $200.35, for a total value of $13,987,835.95. Following the completion of the transaction, the chief financial officer now owns 128,905 shares in the company, valued at $25,826,116.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is owned by company insiders.

MA opened at $221.90 on Monday. The stock has a market capitalization of $230.43 billion, a PE ratio of 48.45, a price-to-earnings-growth ratio of 1.82 and a beta of 1.19. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.51 and a quick ratio of 1.51. Mastercard Inc has a twelve month low of $137.75 and a twelve month high of $223.37.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 26th. The credit services provider reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.13. The firm had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.65 billion. Mastercard had a net margin of 33.81% and a return on equity of 103.82%. The company’s revenue was up 20.0% on a year-over-year basis. During the same quarter last year, the company earned $1.10 earnings per share. equities research analysts anticipate that Mastercard Inc will post 6.41 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Stockholders of record on Tuesday, October 9th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 5th. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. Mastercard’s payout ratio is 21.83%.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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