14B Captial Management LP Sells 19,000 Shares of Mastercard Incorporated $MA

Key Points

• 14B Capital Management LP has decreased its position in Mastercard by 24.7%, owning 58,000 shares after selling 19,000 shares during the first quarter, making it the firm's second largest investment.
• Mastercard reported earnings of $4.15 per share for the latest quarter, exceeding the consensus estimate, with revenues of $8.13 billion, up 16.8% year-over-year.
• The company declared a quarterly dividend of $0.76, reflecting an annualized dividend yield of 0.5%, and a payout ratio of 20.50%.

14B Captial Management LP cut its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 24.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 58,000 shares of the credit services provider's stock after selling 19,000 shares during the quarter. Mastercard accounts for about 13.2% of 14B Captial Management LP's portfolio, making the stock its 2nd largest holding. 14B Captial Management LP's holdings in Mastercard were worth $31,791,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Mastercard by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider's stock worth $42,503,787,000 after buying an additional 365,537 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider's stock worth $11,015,557,000 after buying an additional 907,184 shares during the last quarter. Wellington Management Group LLP raised its position in Mastercard by 38.6% during the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock worth $7,413,936,000 after buying an additional 3,765,378 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Mastercard by 65,631.5% during 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 purchasing an additional 8,213,123 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Mastercard during 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 Mastercard stock traded down $11.43 during trading hours on Friday, reaching $584.21. 2,432,106 shares of the company's stock were exchanged, compared to its average volume of 2,252,842. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The company has a market capitalization of $528.13 billion, a P/E ratio of 39.39, a price-to-earnings-growth ratio of 2.40 and a beta of 0.99. The business has a fifty day moving average of $572.59 and a two-hundred day moving average of $557.52. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping 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 business had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same quarter in the prior year, the firm earned $3.50 earnings per share. The company's revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were issued a $0.76 dividend. 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 currently 20.50%.

Insider Transactions at Mastercard

In related 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 value of $601,447.00. Following the completion of the sale, the insider owned 12,921 shares of the company's stock, valued at approximately $7,064,815.17. This represents a 7.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO J. Mehra Sachin sold 17,263 shares of the company'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 completion of the sale, the chief financial officer directly owned 31,234 shares of the company's stock, valued at $18,459,294. This represents a 35.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,481 shares of company stock valued at $32,616,595. 0.09% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wolfe Research set a $655.00 target price on shares of Mastercard in a report on Monday, June 23rd. UBS Group lifted their target price on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. KeyCorp lifted their target price on shares of Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Finally, Morgan Stanley increased their price target on Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Mastercard has an average rating of "Moderate Buy" and a consensus target price of $626.54.

About Mastercard

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.