Picton Mahoney Asset Management Grows Stake in Mastercard Incorporated $MA

Picton Mahoney Asset Management boosted its position in Mastercard Incorporated (NYSE:MA) by 3.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,503 shares of the credit services provider’s stock after purchasing an additional 1,312 shares during the period. Picton Mahoney Asset Management’s holdings in Mastercard were worth $21,076,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MA. Brighton Jones LLC raised its holdings in Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after purchasing an additional 2,028 shares during the period. Integrated Investment Consultants LLC raised its stake in shares of Mastercard by 37.2% in the first quarter. Integrated Investment Consultants LLC now owns 535 shares of the credit services provider’s stock worth $293,000 after buying an additional 145 shares during the period. Providence Wealth Advisors LLC lifted its position in shares of Mastercard by 0.9% during the 1st quarter. Providence Wealth Advisors LLC now owns 2,601 shares of the credit services provider’s stock valued at $1,421,000 after buying an additional 23 shares in the last quarter. Cornerstone Advisory LLC increased its holdings in Mastercard by 0.6% in the 1st quarter. Cornerstone Advisory LLC now owns 9,145 shares of the credit services provider’s stock worth $5,112,000 after acquiring an additional 55 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Mastercard by 10.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 562,630 shares of the credit services provider’s stock valued at $308,389,000 after purchasing an additional 51,067 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 2.4%

Shares of NYSE MA opened at $540.42 on Monday. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The business’s 50 day moving average is $563.32 and its two-hundred day moving average is $569.17. The stock has a market capitalization of $485.29 billion, a P/E ratio of 36.44, a PEG ratio of 2.27 and a beta of 0.92.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.31 by $0.07. The firm had revenue of $8.60 billion for the quarter, compared to the consensus estimate of $8.53 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.89 EPS. As a group, research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, October 9th were paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, October 9th. Mastercard’s payout ratio is currently 19.44%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Mastercard from $669.00 to $660.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. UBS Group raised their price target on Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a report on Friday, October 31st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $713.00 price objective on shares of Mastercard in a research note on Thursday, October 30th. Macquarie increased their target price on Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Finally, Compass Point set a $620.00 target price on Mastercard and gave the company a “neutral” rating in a research note on Friday, October 31st. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Mastercard currently has an average rating of “Buy” and an average price target of $652.50.

Insider Buying and Selling at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the sale, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.09% of the company’s stock.

Mastercard Profile

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.