Bowen Hanes & Co. Inc. Purchases 1,885 Shares of Mastercard Incorporated $MA

Key Points

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Bowen Hanes & Co. Inc. raised its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 7.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 26,350 shares of the credit services provider's stock after purchasing an additional 1,885 shares during the quarter. Bowen Hanes & Co. Inc.'s holdings in Mastercard were worth $14,443,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Keystone Global Partners LLC acquired a new stake in shares of Mastercard during the 1st quarter valued at about $31,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Mastercard during the 4th quarter valued at about $31,000. 10Elms LLP acquired a new stake in shares of Mastercard during the 4th quarter valued at about $33,000. Hughes Financial Services LLC acquired a new stake in shares of Mastercard during the 1st quarter valued at about $34,000. Finally, Navigoe LLC acquired a new stake in shares of Mastercard during the 4th quarter valued at about $33,000. Institutional investors own 97.28% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MA shares. Royal Bank Of Canada lifted their target price on shares of Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Macquarie decreased their target price on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Seaport Res Ptn upgraded shares of Mastercard from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 14th. KeyCorp boosted their price target on shares of Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Morgan Stanley boosted their price target on shares of Mastercard from $639.00 to $661.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $617.93.

Insiders Place Their Bets

In related news, Director Julius Genachowski sold 312 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the transaction, the director owned 8,469 shares of the company's stock, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO J. Mehra Sachin sold 17,816 shares of the firm's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares of the company's stock, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,269 shares of company stock valued at $30,634,699 in the last quarter. Company insiders own 0.09% of the company's stock.

Mastercard Trading Up 1.1%

NYSE:MA traded up $6.2280 during trading hours on Friday, hitting $598.1480. The stock had a trading volume of 2,388,839 shares, compared to its average volume of 2,803,610. Mastercard Incorporated has a one year low of $461.90 and a one year high of $601.77. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $540.73 billion, a price-to-earnings ratio of 40.33, a P/E/G ratio of 2.43 and a beta of 1.03. The business's 50 day moving average is $563.30 and its 200-day moving average is $555.47.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter in the prior year, the firm earned $3.50 earnings per share. The firm's revenue was up 16.8% compared to the same quarter last year. Sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard's dividend payout ratio is currently 20.50%.

Mastercard Company 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.