Princeton Capital Management LLC Sells 264 Shares of Mastercard Incorporated $MA

Princeton Capital Management LLC decreased its position in Mastercard Incorporated (NYSE:MA) by 2.5% during the second quarter, Holdings Channel reports. The fund owned 10,211 shares of the credit services provider’s stock after selling 264 shares during the period. Mastercard comprises approximately 1.7% of Princeton Capital Management LLC’s investment portfolio, making the stock its 13th biggest position. Princeton Capital Management LLC’s holdings in Mastercard were worth $5,738,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Mastercard by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock worth $42,503,787,000 after purchasing an additional 365,537 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in Mastercard during the second quarter valued at approximately $11,421,213,000. Price T Rowe Associates Inc. MD raised its position in Mastercard by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock worth $11,015,557,000 after acquiring an additional 907,184 shares during the period. Wellington Management Group LLP boosted its stake in shares of Mastercard by 38.6% during the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after acquiring an additional 3,765,378 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of Mastercard during the 1st quarter worth $4,238,764,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the company’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 transaction of $10,202,433.00. Following the sale, the chief financial officer directly owned 31,234 shares in the company, valued at $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.09% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MA shares. Macquarie upped their price objective on Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Compass Point set a $620.00 price target on Mastercard and gave the stock a “neutral” rating in a research report on Friday, October 31st. Tigress Financial raised their price objective on Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a research note on Thursday. Robert W. Baird boosted their price objective on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Finally, Royal Bank Of Canada increased their target price on shares of Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Four investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $649.26.

Mastercard Stock Down 0.1%

MA opened at $552.73 on Friday. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm has a 50-day simple moving average of $573.12 and a two-hundred day simple moving average of $568.66. The company has a market capitalization of $499.67 billion, a PE ratio of 37.27, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.31 by $0.07. The business had revenue of $8.60 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the firm earned $3.89 EPS. Analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be given a $0.76 dividend. The ex-dividend date is Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is currently 19.44%.

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.