Vestor Capital LLC Has $461,000 Stock Holdings in Mastercard Incorporated $MA

Vestor Capital LLC boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 363.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 820 shares of the credit services provider’s stock after purchasing an additional 643 shares during the quarter. Vestor Capital LLC’s holdings in Mastercard were worth $461,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Mastercard by 1.2% in the second quarter. Vanguard Group Inc. now owns 78,475,807 shares of the credit services provider’s stock worth $44,098,695,000 after acquiring an additional 931,132 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in Mastercard during the 2nd quarter valued at $11,421,213,000. Price T Rowe Associates Inc. MD boosted its holdings in 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 valued at $11,015,557,000 after purchasing an additional 907,184 shares during the period. Geode Capital Management LLC grew its position in Mastercard by 2.8% in the 2nd quarter. Geode Capital Management LLC now owns 19,760,552 shares of the credit services provider’s stock worth $11,062,509,000 after purchasing an additional 542,841 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings 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 purchasing an additional 3,765,378 shares during the period. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Up 2.4%

Shares of NYSE:MA opened at $540.42 on Monday. The company’s fifty day moving average is $563.32 and its 200-day moving average is $569.17. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The company has a market capitalization of $485.29 billion, a PE ratio of 36.44, a P/E/G ratio of 2.27 and a beta of 0.92.

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

Mastercard Dividend Announcement

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

Insider Activity at Mastercard

In other 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 transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,459,294. The trade was a 35.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on MA. Tigress Financial lifted their target price on Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 6th. Morgan Stanley set a $665.00 price objective on Mastercard and gave the stock an “overweight” rating in a report on Friday, October 31st. Compass Point set a $620.00 price objective on Mastercard and gave the company a “neutral” rating in a research report on Friday, October 31st. Royal Bank Of Canada raised their target price on Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $713.00 price target on shares of Mastercard in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $652.50.

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.