Fulton Breakefield Broenniman LLC Takes $401,000 Position in Mastercard Inc (NYSE:MA)

Share on StockTwits

Fulton Breakefield Broenniman LLC bought a new stake in Mastercard Inc (NYSE:MA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,476 shares of the credit services provider’s stock, valued at approximately $401,000.

A number of other large investors have also recently modified their holdings of the stock. DeDora Capital Inc. lifted its holdings in Mastercard by 4.4% in the second quarter. DeDora Capital Inc. now owns 4,850 shares of the credit services provider’s stock valued at $1,283,000 after acquiring an additional 203 shares during the period. Smith Asset Management Group LP purchased a new stake in shares of Mastercard during the 2nd quarter worth about $18,541,000. Dearborn Partners LLC lifted its position in Mastercard by 3.5% during the 2nd quarter. Dearborn Partners LLC now owns 140,223 shares of the credit services provider’s stock worth $37,093,000 after acquiring an additional 4,762 shares in the last quarter. World Asset Management Inc lifted its position in Mastercard by 1.2% during the 2nd quarter. World Asset Management Inc now owns 61,819 shares of the credit services provider’s stock worth $16,353,000 after acquiring an additional 755 shares in the last quarter. Finally, Brightworth lifted its position in Mastercard by 18.4% during the 2nd quarter. Brightworth now owns 3,852 shares of the credit services provider’s stock worth $1,019,000 after acquiring an additional 599 shares in the last quarter. 74.21% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE MA traded up $2.10 during mid-day trading on Friday, hitting $274.89. 2,200,430 shares of the company traded hands, compared to its average volume of 3,524,577. Mastercard Inc has a 1 year low of $171.89 and a 1 year high of $293.69. The stock has a market capitalization of $272.92 billion, a price-to-earnings ratio of 42.36, a PEG ratio of 2.19 and a beta of 1.04. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.55. The business has a 50 day moving average of $272.40 and a two-hundred day moving average of $267.53.

Mastercard (NYSE:MA) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $2.15 EPS for the quarter, beating the consensus estimate of $2.01 by $0.14. The business had revenue of $4.47 billion during the quarter, compared to the consensus estimate of $4.41 billion. Mastercard had a return on equity of 146.92% and a net margin of 42.50%. Mastercard’s revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.78 earnings per share. As a group, research analysts anticipate that Mastercard Inc will post 7.69 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend was Tuesday, October 8th. Mastercard’s dividend payout ratio is currently 20.34%.

Several equities analysts recently commented on the company. Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research report on Tuesday, September 3rd. Citigroup upped their target price on Mastercard from $288.00 to $317.00 and gave the company a “buy” rating in a research report on Monday, September 9th. UBS Group upped their target price on Mastercard from $300.00 to $312.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Nomura upped their target price on Mastercard from $282.00 to $324.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, ValuEngine lowered Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $303.45.

In other news, Director Richard K. Davis bought 1,735 shares of the company’s stock in a transaction on Monday, August 12th. The shares were bought at an average cost of $270.09 per share, with a total value of $468,606.15. Following the transaction, the director now directly owns 6,031 shares in the company, valued at approximately $1,628,912.79. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 15,890 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $272.06, for a total value of $4,323,033.40. Following the completion of the transaction, the insider now directly owns 112,030,712 shares in the company, valued at $30,479,075,506.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 99,080 shares of company stock valued at $27,149,356. Company insiders own 3.70% 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. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

Featured Article: Basic Economics creates winners and losers

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.