NorthCoast Asset Management LLC lowered its position in shares of Mastercard Inc (NYSE:MA) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,712 shares of the credit services provider’s stock after selling 461 shares during the period. NorthCoast Asset Management LLC’s holdings in Mastercard were worth $5,053,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. California Public Employees Retirement System raised its holdings in shares of Mastercard by 1.1% in the second quarter. California Public Employees Retirement System now owns 2,267,643 shares of the credit services provider’s stock valued at $445,637,000 after buying an additional 24,398 shares during the last quarter. Beaton Management Co. Inc. purchased a new stake in shares of Mastercard in the second quarter valued at about $275,000. Argent Trust Co raised its holdings in shares of Mastercard by 2.6% in the second quarter. Argent Trust Co now owns 18,712 shares of the credit services provider’s stock valued at $3,678,000 after buying an additional 475 shares during the last quarter. Martin & Co. Inc. TN purchased a new stake in shares of Mastercard in the second quarter valued at about $1,334,000. Finally, Cypress Capital Group raised its holdings in shares of Mastercard by 6.2% in the second quarter. Cypress Capital Group now owns 25,085 shares of the credit services provider’s stock valued at $4,930,000 after buying an additional 1,466 shares during the last quarter. Hedge funds and other institutional investors own 74.32% of the company’s stock.

NYSE MA opened at $221.35 on Tuesday. The stock has a market cap of $230.43 billion, a P/E ratio of 48.33, a PEG 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 debt-to-equity ratio of 1.11, a current ratio of 1.51 and a quick ratio of 1.51.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 26th. The credit services provider reported $1.66 earnings per share (EPS) 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 analysts’ expectations of $3.65 billion. Mastercard had a net margin of 33.81% and a return on equity of 103.82%. The firm’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.10 earnings per share. sell-side analysts predict that Mastercard Inc will post 6.41 EPS for the current fiscal year.

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

In other Mastercard news, CFO Martina Hundmejean sold 69,817 shares of the company’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $200.35, for a total transaction of $13,987,835.95. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.32% of the company’s stock.

A number of equities research analysts have recently commented on the stock. Loop Capital upped their target price on shares of Mastercard to $232.00 and gave the company a “buy” rating in a report on Friday, July 27th. They noted that the move was a valuation call. Sandler O’Neill reaffirmed a “hold” rating and issued a $209.00 target price on shares of Mastercard in a report on Friday, July 27th. Royal Bank of Canada upped their target price on shares of Mastercard from $223.00 to $232.00 and gave the company an “outperform” rating in a report on Tuesday, September 11th. They noted that the move was a valuation call. Buckingham Research upped their target price on shares of Mastercard from $222.00 to $230.00 and gave the company a “buy” rating in a report on Friday, July 27th. Finally, Raymond James assumed coverage on shares of Mastercard in a report on Tuesday, July 24th. They issued an “outperform” rating and a $244.00 target price for the company. Four analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $208.56.

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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