Capital Management Associates Inc Decreases Position in Mastercard Incorporated $MA

Key Points

• Capital Management Associates Inc has decreased its position in Mastercard by 51.4%, now holding 990 shares worth approximately $556,000.
• Mastercard recently reported earnings of $4.15 EPS for the quarter, surpassing analyst estimates and showing a revenue increase of 16.8% from the previous year.
• The company has declared a quarterly dividend of $0.76 per share, set to be paid on November 7th, which reflects a 0.5% yield.

Capital Management Associates Inc lessened its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 51.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 990 shares of the credit services provider's stock after selling 1,048 shares during the quarter. Capital Management Associates Inc's holdings in Mastercard were worth $556,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in MA. Brighton Jones LLC raised its position 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. Wealthcare Advisory Partners LLC raised its position in Mastercard by 3.2% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 6,819 shares of the credit services provider's stock worth $3,737,000 after purchasing an additional 212 shares during the period. GAMMA Investing LLC raised its position in Mastercard by 19.9% in the 1st quarter. GAMMA Investing LLC now owns 15,007 shares of the credit services provider's stock worth $8,226,000 after purchasing an additional 2,493 shares during the period. MV Capital Management Inc. raised its position in Mastercard by 3.2% in the 1st quarter. MV Capital Management Inc. now owns 6,950 shares of the credit services provider's stock worth $3,809,000 after purchasing an additional 216 shares during the period. Finally, Kozak & Associates Inc. grew its holdings in Mastercard by 57.7% in the 1st quarter. Kozak & Associates Inc. now owns 112 shares of the credit services provider's stock worth $57,000 after acquiring an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insider Buying and Selling

In related news, CFO J. Mehra Sachin sold 17,263 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer owned 31,234 shares of the company's stock, valued at $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.09% of the stock is owned by insiders.

Mastercard Trading Down 0.6%

Shares of MA opened at $576.40 on Thursday. The firm's 50-day moving average price is $581.11 and its 200-day moving average price is $562.55. The firm has a market capitalization of $521.07 billion, a price-to-earnings ratio of 38.87, a PEG ratio of 2.38 and a beta of 0.97. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77.

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

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.5%. Mastercard's payout ratio is presently 20.50%.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of recent analyst reports. The Goldman Sachs Group reissued a "buy" rating on shares of Mastercard in a report on Friday, August 1st. Wolfe Research set a $655.00 price target on shares of Mastercard in a report on Monday, June 23rd. Weiss Ratings reissued a "buy (b)" rating on shares of Mastercard in a report on Wednesday. Royal Bank Of Canada raised their price target on shares of Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Finally, Wells Fargo & Company raised their price target on shares of Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Mastercard has a consensus rating of "Buy" and an average target price of $634.04.

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.

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