Mastercard Incorporated $MA is Kimelman & Baird LLC's 8th Largest Position

Key Points

• Kimelman & Baird LLC reduced its holdings in Mastercard by 1.8%, owning 81,155 shares valued at approximately $44.48 million.
• Mastercard's recent quarterly earnings reported a 16.8% year-over-year revenue increase to $8.13 billion, exceeding analysts' expectations.
• The stock opened at $584.14 and has a current market capitalization of $528.07 billion with a P/E ratio of 39.39.

Kimelman & Baird LLC lowered its position in Mastercard Incorporated (NYSE:MA - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,155 shares of the credit services provider's stock after selling 1,495 shares during the period. Mastercard comprises about 3.8% of Kimelman & Baird LLC's portfolio, making the stock its 8th largest position. Kimelman & Baird LLC's holdings in Mastercard were worth $44,483,000 at the end of the most recent reporting period.

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

Insider Activity

In other Mastercard news, Director Julius Genachowski sold 312 shares of the company's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the transaction, the director owned 8,469 shares in the company, valued at approximately $4,833,004.23. This represents a 3.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $572.86, for a total transaction of $549,372.74. Following the transaction, the insider owned 25,540 shares in the company, valued at $14,630,844.40. This represents a 3.62% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,453 shares of company stock worth $20,178,667. 0.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MA. Deutsche Bank Aktiengesellschaft began coverage on shares of Mastercard in a report on Thursday, July 17th. They set a "buy" rating and a $650.00 price objective for the company. Morgan Stanley raised their price objective on shares of Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Wells Fargo & Company raised their price objective on shares of Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Macquarie reduced their target price on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, Wolfe Research set a $655.00 target price on shares of Mastercard in a research note on Monday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $617.93.

Mastercard Stock Up 0.3%

Shares of MA stock traded up $1.6290 during mid-day trading on Tuesday, reaching $585.7690. 2,331,409 shares of the company's stock traded hands, compared to its average volume of 2,802,827. Mastercard Incorporated has a 12 month low of $461.90 and a 12 month high of $594.71. The company has a market cap of $529.54 billion, a P/E ratio of 39.50, a P/E/G ratio of 2.39 and a beta of 1.03. 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 company's 50-day moving average price is $563.30 and its 200-day moving average price is $554.81.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly 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. The company had revenue of $8.13 billion for the quarter, compared to analysts' expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. Mastercard's revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.50 EPS. On average, equities analysts expect 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. Investors of record on Wednesday, July 9th were paid a $0.76 dividend. The ex-dividend date was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard's payout ratio is presently 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.