Roundview Capital LLC Grows Position in Mastercard Incorporated $MA

Roundview Capital LLC boosted its stake in Mastercard Incorporated (NYSE:MA) by 1.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,400 shares of the credit services provider’s stock after buying an additional 660 shares during the period. Mastercard makes up approximately 1.5% of Roundview Capital LLC’s portfolio, making the stock its 14th biggest position. Roundview Capital LLC’s holdings in Mastercard were worth $22,702,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Mastercard in the 2nd quarter valued at approximately $11,421,213,000. Nuveen LLC acquired a new position in shares of Mastercard in the 1st quarter worth approximately $4,238,764,000. Wellington Management Group LLP lifted its holdings in shares of Mastercard by 38.6% in 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. Assenagon Asset Management S.A. lifted its holdings in shares of Mastercard by 3,493.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider’s stock worth $524,914,000 after acquiring an additional 908,116 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Mastercard by 4.7% in the 1st 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 last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of Mastercard stock opened at $578.91 on Tuesday. The business has a 50-day moving average of $580.46 and a 200 day moving average of $562.33. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The stock has a market capitalization of $523.34 billion, a price-to-earnings ratio of 39.04, a price-to-earnings-growth ratio of 2.38 and a beta of 0.97. 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 (NYSE:MA) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.05 by $0.10. The business had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.50 EPS. As a group, sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.50%.

Analyst Ratings Changes

Several equities analysts have recently commented on MA shares. Robert W. Baird upped their price objective on shares of Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a report on Monday. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a report on Saturday, September 27th. The Goldman Sachs Group restated a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Royal Bank Of Canada raised their target price on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft began coverage on Mastercard in a report on Thursday, July 17th. They set a “buy” rating and a $650.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Mastercard presently has a consensus rating of “Buy” and a consensus price target of $634.04.

Insider Activity

In other news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the transaction, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.