General Partner Inc. Has $5.12 Million Stake in Mastercard Incorporated $MA

Key Points

• General Partner Inc. reduced its stake in Mastercard by 9.9%, bringing its holdings to 9,103 shares valued at approximately $5.12 million, which accounts for about 3.0% of the firm's investment portfolio.
• Insider Craig Vosburg sold 9,428 shares of Mastercard for over $3.32 million, resulting in a 13.89% decrease in his ownership, while insiders have sold a total of 49,094 shares valued at nearly $26.5 million over the last 90 days.
• Mastercard received recent upgrades from several research firms, including a strong-buy rating from Seaport Res Ptn and a price target increase from UBS Group to $670, reflecting analysts' continued confidence in the stock.

General Partner Inc. lowered its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 9.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,103 shares of the credit services provider's stock after selling 1,000 shares during the quarter. Mastercard makes up about 3.0% of General Partner Inc.'s investment portfolio, making the stock its 7th largest position. General Partner Inc.'s holdings in Mastercard were worth $5,115,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Accredited Investors Inc. raised its position in shares of Mastercard by 2.6% during the first quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider's stock worth $394,000 after acquiring an additional 18 shares during the last quarter. Wealthstream Advisors Inc. raised its position in shares of Mastercard by 2.9% during the first quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider's stock worth $347,000 after acquiring an additional 18 shares during the last quarter. Phillips Wealth Planners LLC raised its position in shares of Mastercard by 1.8% during the first quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock worth $538,000 after acquiring an additional 19 shares during the last quarter. Alta Wealth Advisors LLC raised its position in shares of Mastercard by 3.6% during the first quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider's stock worth $296,000 after acquiring an additional 19 shares during the last quarter. Finally, May Hill Capital LLC increased its holdings in Mastercard by 2.0% in the first quarter. May Hill Capital LLC now owns 986 shares of the credit services provider's stock valued at $540,000 after purchasing an additional 19 shares during the last quarter. Institutional investors own 97.28% of the company's stock.

Insider Activity at Mastercard

In other news, insider Craig Vosburg sold 9,428 shares of the company's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the completion of the transaction, the insider directly owned 58,451 shares of the company's stock, valued at $20,636,125.55. This represents a 13.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Julius Genachowski sold 312 shares of the company's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the transaction, the director directly owned 8,469 shares of the company's stock, valued at $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,094 shares of company stock valued at $26,521,861 over the last ninety days. Company insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on MA. Seaport Res Ptn upgraded Mastercard from a "hold" rating to a "strong-buy" rating in a report on Monday, July 14th. UBS Group upped their price objective on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. TD Cowen reiterated a "buy" rating and issued a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. KeyCorp upped their price objective on Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Royal Bank Of Canada upped their price objective on Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $626.54.

Mastercard Stock Down 1.4%

NYSE:MA opened at $580.75 on Friday. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a market cap of $525.00 billion, a price-to-earnings ratio of 39.16, a PEG ratio of 2.41 and a beta of 0.99. The stock has a 50-day moving average price of $574.60 and a two-hundred day moving average price of $558.33.

Mastercard (NYSE:MA - Get Free Report) last posted its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.05 by $0.10. The firm 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 company's revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.50 earnings per share. As a group, equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The company 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. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 9th. 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.

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