Marshfield Associates trimmed its holdings in Mastercard Inc (NYSE:MA) by 1.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 483,605 shares of the credit services provider’s stock after selling 9,184 shares during the quarter. Mastercard makes up approximately 6.3% of Marshfield Associates’ holdings, making the stock its 6th biggest position. Marshfield Associates’ holdings in Mastercard were worth $95,038,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Harvest Fund Management Co. Ltd boosted its stake in Mastercard by 8.8% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 3,213 shares of the credit services provider’s stock worth $631,000 after purchasing an additional 259 shares during the period. Price Wealth Management Inc. boosted its position in shares of Mastercard by 3.9% during the 2nd quarter. Price Wealth Management Inc. now owns 7,067 shares of the credit services provider’s stock valued at $1,389,000 after acquiring an additional 267 shares during the last quarter. Raymond James Trust N.A. boosted its position in shares of Mastercard by 1.9% during the 2nd quarter. Raymond James Trust N.A. now owns 14,154 shares of the credit services provider’s stock valued at $2,782,000 after acquiring an additional 268 shares during the last quarter. Cetera Advisors LLC boosted its position in shares of Mastercard by 10.3% during the 1st quarter. Cetera Advisors LLC now owns 2,916 shares of the credit services provider’s stock valued at $510,000 after acquiring an additional 272 shares during the last quarter. Finally, Sather Financial Group Inc boosted its position in shares of Mastercard by 0.4% during the 1st quarter. Sather Financial Group Inc now owns 61,189 shares of the credit services provider’s stock valued at $10,718,000 after acquiring an additional 272 shares during the last quarter. Institutional investors and hedge funds own 74.32% of the company’s stock.

Shares of MA opened at $221.35 on Tuesday. The firm has a market capitalization of $230.43 billion, a P/E ratio of 48.33, a P/E/G ratio of 1.82 and a beta of 1.19. Mastercard Inc has a 52-week low of $137.75 and a 52-week high of $223.37. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.11.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Tuesday, October 9th will be given a $0.25 dividend. The ex-dividend date is Friday, October 5th. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. Mastercard’s dividend payout ratio is presently 21.83%.

In related news, CFO Martina Hundmejean sold 69,817 shares of the firm’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $200.35, for a total value of $13,987,835.95. Following the completion of the sale, the chief financial officer now directly owns 128,905 shares in the company, valued at $25,826,116.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.32% of the stock is owned by company insiders.

MA has been the subject of a number of research reports. Goldman Sachs Group upgraded Mastercard from a “buy” rating to a “conviction-buy” rating in a research report on Monday, September 17th. Wells Fargo & Co increased their target price on Mastercard from $211.00 to $227.00 and gave the company an “outperform” rating in a research report on Thursday, July 12th. Oppenheimer increased their target price on Mastercard from $197.00 to $215.00 and gave the company an “outperform” rating in a research report on Tuesday, July 17th. JPMorgan Chase & Co. increased their target price on Mastercard from $202.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, July 27th. Finally, SunTrust Banks increased their target price on Mastercard to $240.00 and gave the company a “buy” rating in a research report on Friday, July 27th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $208.56.

Mastercard 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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