Mastercard Incorporated $MA Stock Holdings Reduced by AMI Asset Management Corp

AMI Asset Management Corp lowered its position in Mastercard Incorporated (NYSE:MA - Free Report) by 4.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,589 shares of the credit services provider's stock after selling 3,637 shares during the quarter. Mastercard makes up approximately 2.5% of AMI Asset Management Corp's holdings, making the stock its 21st biggest position. AMI Asset Management Corp's holdings in Mastercard were worth $43,038,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MA. Family Legacy Financial Solutions LLC bought a new stake in shares of Mastercard during the 2nd quarter worth about $26,000. Flaharty Asset Management LLC bought a new stake in shares of Mastercard during the 1st quarter worth about $27,000. Keystone Global Partners LLC bought a new stake in shares of Mastercard during the 1st quarter worth about $31,000. Hughes Financial Services LLC bought a new stake in shares of Mastercard during the 1st quarter worth about $34,000. Finally, 1 North Wealth Services LLC bought a new stake in shares of Mastercard during the 1st quarter worth about $44,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insider Activity at Mastercard

In other Mastercard news, Director Julius Genachowski sold 312 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the transaction, the director owned 8,469 shares of the company's stock, valued at $4,833,004.23. This represents a 3.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO J. Mehra Sachin sold 17,816 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares of the company's stock, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,391 shares of company stock valued at $20,836,514. Insiders own 0.09% of the company's stock.

Mastercard Trading Up 1.0%

Mastercard stock opened at $574.40 on Thursday. The business has a 50 day moving average price of $579.73 and a two-hundred day moving average price of $561.01. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a market cap of $519.26 billion, a price-to-earnings ratio of 38.73, a price-to-earnings-growth ratio of 2.33 and a beta of 0.97. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating the consensus estimate 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 for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.50 EPS. As a group, equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.5%. Mastercard's dividend payout ratio is 20.50%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Wall Street Zen downgraded Mastercard from a "buy" rating to a "hold" rating in a research note on Friday, September 26th. Morgan Stanley upped their price target on Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Wolfe Research set a $655.00 price target on Mastercard in a research note on Monday, June 23rd. Royal Bank Of Canada increased their target price on Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, Seaport Res Ptn upgraded Mastercard from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Mastercard has an average rating of "Buy" and a consensus price target of $630.89.

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.

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