Mastercard Incorporated $MA Shares Bought by Chilton Capital Management LLC

Chilton Capital Management LLC increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 5.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,810 shares of the credit services provider’s stock after purchasing an additional 227 shares during the period. Chilton Capital Management LLC’s holdings in Mastercard were worth $2,703,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MA. LGT Financial Advisors LLC acquired a new position in Mastercard during the 2nd quarter worth about $25,000. Family Legacy Financial Solutions LLC purchased a new position in shares of Mastercard in the second quarter valued at approximately $26,000. Flaharty Asset Management LLC acquired a new position in shares of Mastercard in the first quarter valued at approximately $27,000. Keystone Global Partners LLC purchased a new stake in Mastercard during the 1st quarter worth approximately $31,000. Finally, IMG Wealth Management Inc. acquired a new stake in Mastercard during the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on MA. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft initiated coverage on Mastercard in a research report on Thursday, July 17th. They issued a “buy” rating and a $650.00 price target on the stock. Morgan Stanley boosted their price objective on Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Wells Fargo & Company upgraded shares of Mastercard to a “strong-buy” rating in a research note on Wednesday. Finally, Citigroup raised shares of Mastercard to a “strong-buy” rating in a research report on Thursday. Five analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $638.96.

Mastercard Stock Performance

NYSE MA opened at $573.72 on Friday. The company has a fifty day moving average of $579.51 and a two-hundred day moving average of $566.01. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The company has a market capitalization of $518.65 billion, a PE ratio of 38.69, a P/E/G ratio of 2.35 and a beta of 0.97.

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

Mastercard Dividend Announcement

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

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.09% of the company’s stock.

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.