Puzo Michael J Has $15.63 Million Holdings in Mastercard Incorporated $MA

Key Points

• Puzo Michael J has reduced its holdings in Mastercard by 5.7%, now owning 27,816 shares worth approximately $15.63 million.
• Mastercard's CFO, J. Mehra Sachin, recently sold 17,816 shares, resulting in a 36.32% decrease in his position.
• Analysts remain optimistic, with Robert W. Baird raising its price target for Mastercard from $640 to $660, maintaining an "outperform" rating.

Puzo Michael J decreased its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 5.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 27,816 shares of the credit services provider's stock after selling 1,679 shares during the period. Mastercard makes up 4.5% of Puzo Michael J's holdings, making the stock its 5th largest position. Puzo Michael J's holdings in Mastercard were worth $15,631,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Secured Retirement Advisors LLC increased its position in shares of Mastercard by 12.8% in the 2nd quarter. Secured Retirement Advisors LLC now owns 4,657 shares of the credit services provider's stock valued at $2,617,000 after buying an additional 528 shares in the last quarter. Abel Hall LLC increased its position in shares of Mastercard by 10.5% in the 2nd quarter. Abel Hall LLC now owns 895 shares of the credit services provider's stock valued at $503,000 after buying an additional 85 shares in the last quarter. Mirova US LLC increased its position in shares of Mastercard by 3.6% in the 2nd quarter. Mirova US LLC now owns 1,070,696 shares of the credit services provider's stock valued at $601,667,000 after buying an additional 37,444 shares in the last quarter. Proffitt & Goodson Inc. increased its position in shares of Mastercard by 22.6% in the 2nd quarter. Proffitt & Goodson Inc. now owns 141 shares of the credit services provider's stock valued at $79,000 after buying an additional 26 shares in the last quarter. Finally, Sax Wealth Advisors LLC increased its position in shares of Mastercard by 9.2% in the 2nd quarter. Sax Wealth Advisors LLC now owns 4,508 shares of the credit services provider's stock valued at $2,533,000 after buying an additional 381 shares in the last quarter. Institutional investors own 97.28% of the company's stock.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at $18,330,922.26. This represents a 36.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Price Performance

MA stock opened at $579.24 on Wednesday. The stock has a 50-day moving average price of $580.78 and a two-hundred day moving average price of $562.45. The stock has a market cap of $523.64 billion, a PE ratio of 39.06, a price-to-earnings-growth ratio of 2.37 and a beta of 0.97. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 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 company had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same period in the prior year, the business posted $3.50 EPS. The company's quarterly revenue was up 16.8% on a year-over-year basis. Equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

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

Analysts Set New Price Targets

MA has been the subject of a number of recent analyst reports. Robert W. Baird upped their price objective on shares of Mastercard from $640.00 to $660.00 and gave the company an "outperform" rating in a research report on Monday. The Goldman Sachs Group restated a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a research report on Thursday, July 17th. They issued a "buy" rating and a $650.00 price objective for the company. TD Cowen restated a "buy" rating and issued a $645.00 price objective on shares of Mastercard in a research report on Monday, August 11th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Mastercard in a report on Saturday, September 27th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $634.04.

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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