Mastercard Inc (NYSE:MA) Stock Holdings Lifted by Brasada Capital Management LP

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Brasada Capital Management LP raised its stake in Mastercard Inc (NYSE:MA) by 2.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,797 shares of the credit services provider’s stock after buying an additional 588 shares during the period. Mastercard makes up about 1.9% of Brasada Capital Management LP’s investment portfolio, making the stock its 12th largest holding. Brasada Capital Management LP’s holdings in Mastercard were worth $6,741,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. 1776 Wealth LLC acquired a new stake in Mastercard during the 1st quarter valued at $28,000. Pacific Center for Financial Services boosted its holdings in Mastercard by 582.4% in the first quarter. Pacific Center for Financial Services now owns 116 shares of the credit services provider’s stock worth $28,000 after purchasing an additional 99 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in Mastercard by 70.5% during the first quarter. Sound Income Strategies LLC now owns 133 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 55 shares during the period. Wealth Quarterback LLC bought a new stake in Mastercard during the fourth quarter valued at about $33,000. Finally, Lion Street Advisors LLC acquired a new position in shares of Mastercard during the first quarter valued at about $39,000. 73.87% of the stock is currently owned by institutional investors.

Shares of NYSE:MA traded up $8.77 during midday trading on Tuesday, hitting $298.95. The stock had a trading volume of 4,761,734 shares, compared to its average volume of 3,713,675. The company’s 50-day moving average price is $300.49 and its 200-day moving average price is $291.25. The company has a market capitalization of $296.79 billion, a P/E ratio of 37.60, a price-to-earnings-growth ratio of 3.57 and a beta of 1.08. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 2.30. Mastercard Inc has a fifty-two week low of $199.99 and a fifty-two week high of $347.25.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, April 29th. The credit services provider reported $1.83 EPS for the quarter, beating the consensus estimate of $1.73 by $0.10. The company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $3.98 billion. Mastercard had a net margin of 46.75% and a return on equity of 149.02%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.78 EPS. Research analysts expect that Mastercard Inc will post 6.45 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Wednesday, July 8th. Mastercard’s dividend payout ratio is 20.59%.

In other Mastercard news, major shareholder Foundation Mastercard sold 68,670 shares of the company’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $296.75, for a total value of $20,377,822.50. Following the completion of the transaction, the insider now directly owns 110,345,834 shares in the company, valued at approximately $32,745,126,239.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Ann Cairns sold 40,115 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $302.58, for a total transaction of $12,137,996.70. Following the completion of the transaction, the insider now owns 107,377 shares of the company’s stock, valued at $32,490,132.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 664,384 shares of company stock valued at $199,225,900. 3.79% of the stock is owned by corporate insiders.

Several research firms have recently weighed in on MA. Oppenheimer lowered shares of Mastercard from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 23rd. JPMorgan Chase & Co. raised their price objective on shares of Mastercard from $269.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Susquehanna Bancshares reduced their price objective on shares of Mastercard from $355.00 to $330.00 and set a “positive” rating on the stock in a research note on Thursday, April 30th. Barclays reduced their price objective on shares of Mastercard from $370.00 to $335.00 and set an “overweight” rating on the stock in a research note on Thursday, March 26th. Finally, Nomura Securities reduced their price target on shares of Mastercard from $368.00 to $334.00 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Five investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. Mastercard presently has an average rating of “Buy” and a consensus price target of $328.07.

About Mastercard

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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