Academy Capital Management Has $59.88 Million Stock Position in Mastercard Incorporated $MA

Key Points

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Academy Capital Management reduced its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 8.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 109,245 shares of the credit services provider's stock after selling 10,186 shares during the quarter. Mastercard accounts for approximately 10.3% of Academy Capital Management's holdings, making the stock its 2nd largest holding. Academy Capital Management's holdings in Mastercard were worth $59,879,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MA. GAMMA Investing LLC raised 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 buying an additional 8,213,123 shares during the period. Nuveen LLC purchased a new stake in shares of Mastercard during the 1st quarter valued at about $4,238,764,000. Wellington Management Group LLP raised its holdings in shares of 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 valued at $7,413,936,000 after buying an additional 3,765,378 shares during the period. Northern Trust Corp raised its holdings in shares of Mastercard by 15.2% during the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock valued at $4,817,684,000 after buying an additional 1,207,787 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Mastercard during the 4th quarter valued at about $561,313,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. UBS Group lifted their price objective on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. KeyCorp lifted their price objective on Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Royal Bank Of Canada lifted their price objective on Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Wells Fargo & Company lifted their price objective on Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Mastercard in a report on Thursday, July 17th. They set a "buy" rating and a $650.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $617.93.

Mastercard Stock Performance

Shares of NYSE MA traded up $6.2280 during trading on Friday, reaching $598.1480. The stock had a trading volume of 2,388,839 shares, compared to its average volume of 2,623,511. Mastercard Incorporated has a one year low of $461.90 and a one year high of $601.77. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market cap of $540.73 billion, a PE ratio of 40.33, a P/E/G ratio of 2.43 and a beta of 1.03. The firm's 50 day moving average price is $564.03 and its two-hundred day moving average price is $555.73.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly 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. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same period in the previous year, the business earned $3.50 EPS. The business's quarterly revenue was up 16.8% on a year-over-year basis. On average, research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared 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. The ex-dividend date was Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard's dividend payout ratio is currently 20.50%.

Insider Buying and Selling at Mastercard

In other 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 completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Craig Vosburg sold 14,051 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the transaction, the insider owned 58,451 shares of the company's stock, valued at $34,196,757.55. This represents a 19.38% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,269 shares of company stock valued at $30,634,699. Corporate insiders own 0.09% of the company's stock.

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.