Mitchell Capital Management Co. Sells 1,927 Shares of Mastercard Incorporated $MA

Key Points

• Mitchell Capital Management Co. reduced its stake in Mastercard by 11.6% during the 2nd quarter, selling 1,927 shares and now holds 14,754 shares valued at approximately $8.15 million.
• Mastercard reported earnings of $4.15 EPS for the last quarter, exceeding estimates, with revenue increasing by 16.8% year-over-year to $8.13 billion.
• The company declared a quarterly dividend of $0.76, to be paid on November 7th, with a current annualized dividend yield of 0.5%.

Mitchell Capital Management Co. reduced its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 11.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,754 shares of the credit services provider's stock after selling 1,927 shares during the quarter. Mastercard comprises about 1.5% of Mitchell Capital Management Co.'s portfolio, making the stock its 15th biggest position. Mitchell Capital Management Co.'s holdings in Mastercard were worth $8,154,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings 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 purchasing an additional 365,537 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in Mastercard during the 2nd quarter worth $11,421,213,000. Price T Rowe Associates Inc. MD increased its holdings 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 purchasing an additional 907,184 shares during the period. Wellington Management Group LLP increased its holdings 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 purchasing an additional 3,765,378 shares during the period. Finally, Nuveen LLC purchased a new position in Mastercard during the 1st quarter worth $4,238,764,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Performance

Shares of MA opened at $556.80 on Monday. The stock has a 50-day moving average of $581.01 and a two-hundred day moving average of $562.90. Mastercard Incorporated has a one year low of $465.59 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 $503.35 billion, a P/E ratio of 37.55, a P/E/G ratio of 2.28 and a beta of 0.97.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.05 by $0.10. The business 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 previous year, the firm posted $3.50 EPS. As a group, research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Mastercard in a report on Thursday, July 17th. They issued a "buy" rating and a $650.00 price target on the stock. Morgan Stanley lifted their price target on Mastercard from $639.00 to $661.00 and gave the company an "overweight" rating in a report on Friday, August 1st. KeyCorp lifted their price target on Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a report on Friday, August 1st. The Goldman Sachs Group reiterated a "buy" rating on shares of Mastercard in a report on Friday, August 1st. Finally, Wall Street Zen downgraded Mastercard from a "buy" rating to a "hold" rating in a report on Friday, September 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $634.04.

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

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.

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