Commonwealth Equity Services LLC Has $138.92 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Key Points

• Commonwealth Equity Services LLC reduced its holdings in Mastercard by 8.1%, owning 253,452 shares valued at approximately $138.92 million as of the latest SEC filing.
• Mastercard reported a quarterly EPS of $4.15, exceeding analysts' estimates, and a revenue of $8.13 billion, representing a 16.8% year-over-year growth.
• The company declared a quarterly dividend of $0.76 per share, scheduled for payment on August 8th, with a yield of 0.5% and a payout ratio of 21.32%.

Commonwealth Equity Services LLC decreased its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 8.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 253,452 shares of the credit services provider's stock after selling 22,340 shares during the period. Commonwealth Equity Services LLC's holdings in Mastercard were worth $138,922,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MA. Haven Private LLC grew its stake in shares of Mastercard by 5.2% in the 1st quarter. Haven Private LLC now owns 1,307 shares of the credit services provider's stock worth $716,000 after acquiring an additional 65 shares in the last quarter. Heritage Trust Co grew its stake in shares of Mastercard by 20.8% in the 1st quarter. Heritage Trust Co now owns 3,576 shares of the credit services provider's stock worth $1,960,000 after acquiring an additional 616 shares in the last quarter. Manchester Capital Management LLC grew its stake in shares of Mastercard by 0.9% in the 1st quarter. Manchester Capital Management LLC now owns 4,902 shares of the credit services provider's stock worth $2,687,000 after acquiring an additional 46 shares in the last quarter. Delta Financial Group Inc. grew its stake in shares of Mastercard by 0.5% in the 1st quarter. Delta Financial Group Inc. now owns 4,809 shares of the credit services provider's stock worth $2,614,000 after acquiring an additional 26 shares in the last quarter. Finally, Cheviot Value Management LLC grew its stake in shares of Mastercard by 27.7% in the 1st quarter. Cheviot Value Management LLC now owns 1,231 shares of the credit services provider's stock worth $691,000 after acquiring an additional 267 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Stock Down 1.2%

Shares of Mastercard stock opened at $559.73 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.11 and a debt-to-equity ratio of 2.41. The company's fifty day simple moving average is $564.58 and its two-hundred day simple moving average is $551.95. The company has a market cap of $510.31 billion, a P/E ratio of 37.74, a PEG ratio of 2.43 and a beta of 1.03. Mastercard Incorporated has a 12-month low of $439.59 and a 12-month high of $594.71.

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

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard's dividend payout ratio is 21.32%.

Analysts Set New Price Targets

A number of analysts recently issued reports on MA shares. Evercore ISI started coverage on shares of Mastercard in a report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price objective for the company. Wall Street Zen upgraded shares of Mastercard from a "hold" rating to a "buy" rating in a report on Friday, July 18th. The Goldman Sachs Group reiterated a "buy" rating on shares of Mastercard in a research note on Friday. Monness Crespi & Hardt downgraded shares of Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Finally, Royal Bank Of Canada lifted their target price on shares of Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a research note on Friday. Five research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Mastercard has a consensus rating of "Moderate Buy" and an average target price of $615.33.

Insider Activity

In other Mastercard news, insider Raj Seshadri sold 1,100 shares of the company's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $546.77, for a total transaction of $601,447.00. Following the transaction, the insider owned 12,921 shares in the company, valued at approximately $7,064,815.17. This represents a 7.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Julius Genachowski sold 312 shares of the company's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the transaction, the director owned 8,469 shares in the company, valued at $4,833,004.23. This represents a 3.55% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,753 shares of company stock valued at $20,351,084. Company insiders own 0.09% of the company's stock.

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.

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.