Marshfield Associates cut its stake in Mastercard Incorporated (NYSE:MA) by 3.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 528,913 shares of the credit services provider’s stock after selling 18,311 shares during the period. Mastercard comprises about 4.6% of Marshfield Associates’ portfolio, making the stock its 10th largest position. Marshfield Associates’ holdings in Mastercard were worth $59,487,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Glassman Wealth Services raised its stake in Mastercard by 0.3% in the first quarter. Glassman Wealth Services now owns 1,769 shares of the credit services provider’s stock worth $199,000 after buying an additional 6 shares during the last quarter. Genesee Valley Trust Co. boosted its position in shares of Mastercard by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 6,246 shares of the credit services provider’s stock valued at $702,000 after buying an additional 18 shares during the last quarter. Concert Wealth Management Inc. boosted its position in shares of Mastercard by 0.3% in the first quarter. Concert Wealth Management Inc. now owns 6,467 shares of the credit services provider’s stock valued at $664,000 after buying an additional 18 shares during the last quarter. Welch Group LLC boosted its position in shares of Mastercard by 1.2% in the first quarter. Welch Group LLC now owns 1,625 shares of the credit services provider’s stock valued at $183,000 after buying an additional 20 shares during the last quarter. Finally, Intellectus Partners LLC boosted its position in shares of Mastercard by 1.0% in the first quarter. Intellectus Partners LLC now owns 2,378 shares of the credit services provider’s stock valued at $267,000 after buying an additional 24 shares during the last quarter. 75.99% of the stock is owned by institutional investors and hedge funds.

Mastercard Incorporated (MA) traded up 1.17% during mid-day trading on Monday, hitting $130.06. 497,288 shares of the company were exchanged. The stock has a market cap of $138.50 billion, a price-to-earnings ratio of 32.27 and a beta of 1.17. Mastercard Incorporated has a 12 month low of $94.41 and a 12 month high of $132.20. The firm has a 50 day moving average price of $126.59 and a 200 day moving average price of $117.50.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, topping the consensus estimate of $1.04 by $0.06. The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. Mastercard’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 EPS. Analysts anticipate that Mastercard Incorporated will post $4.40 EPS for the current fiscal year.

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

COPYRIGHT VIOLATION NOTICE: “Marshfield Associates Has $59.49 Million Stake in Mastercard Incorporated (NYSE:MA)” was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The original version of this piece of content can be read at https://www.watchlistnews.com/marshfield-associates-has-59-49-million-stake-in-mastercard-incorporated-nysema/1487098.html.

MA has been the topic of several recent research reports. Vetr cut shares of Mastercard from a “buy” rating to a “hold” rating and set a $116.99 price target on the stock. in a research report on Monday, April 17th. Zacks Investment Research cut shares of Mastercard from a “hold” rating to a “sell” rating in a research report on Thursday, April 20th. Barclays PLC boosted their price target on shares of Mastercard from $124.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, April 25th. Cowen and Company boosted 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, BMO Capital Markets boosted 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Mastercard currently has a consensus rating of “Buy” and a consensus price target of $128.20.

In other Mastercard news, CFO Martina Hundmejean sold 91,107 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $22,138,280.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 87,623 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $129.34, for a total value of $11,333,158.82. Following the completion of the transaction, the insider now directly owns 112,240,179 shares in the company, valued at $14,517,144,751.86. The disclosure for this sale can be found here. Insiders have sold a total of 850,468 shares of company stock worth $109,574,694 over the last three months. 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.

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.