Little House Capital LLC cut its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 6.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,039 shares of the credit services provider's stock after selling 807 shares during the period. Mastercard accounts for about 1.6% of Little House Capital LLC's investment portfolio, making the stock its 23rd largest position. Little House Capital LLC's holdings in Mastercard were worth $6,203,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Mastercard by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider's stock valued at $42,503,787,000 after acquiring an additional 365,537 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of 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 acquiring an additional 907,184 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Mastercard by 38.6% in the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock valued at $7,413,936,000 after acquiring an additional 3,765,378 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Mastercard by 65,631.5% in the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock valued at $4,508,636,000 after acquiring an additional 8,213,123 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Mastercard in the 1st quarter valued at approximately $4,238,764,000. 97.28% of the stock is owned by hedge funds and other institutional investors.
Mastercard Price Performance
Shares of NYSE:MA opened at $583.30 on Tuesday. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The firm has a market capitalization of $527.31 billion, a PE ratio of 39.33, a PEG ratio of 2.38 and a beta of 0.99. The business's 50 day moving average is $574.96 and its 200-day moving average is $558.34. 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 (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same quarter last year, the firm earned $3.50 EPS. Mastercard's revenue for the quarter was up 16.8% compared to the same quarter last year. Sell-side analysts predict 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 issued 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 (DPR) is presently 20.50%.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the company. Morgan Stanley raised their price objective on Mastercard from $639.00 to $661.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. UBS Group raised their target price on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. KeyCorp raised their target price on Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft assumed coverage on Mastercard in a report on Thursday, July 17th. They issued a "buy" rating and a $650.00 target price on the stock. Finally, Wall Street Zen raised Mastercard from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $626.54.
Read Our Latest Stock Report on MA
Insider Activity at Mastercard
In related news, insider Raj Seshadri sold 1,100 shares of the business's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the sale, the insider owned 12,921 shares of the company's stock, valued at $7,064,815.17. The trade was a 7.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO J. Mehra Sachin sold 17,263 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. This represents a 35.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,094 shares of company stock worth $26,521,861 in the last three months. Company insiders own 0.09% of the company's stock.
About Mastercard
(
Free Report)
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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