Manitou Investment Management Ltd. Sells 12,550 Shares of Mastercard Inc (NYSE:MA)

Manitou Investment Management Ltd. cut its stake in shares of Mastercard Inc (NYSE:MA) by 17.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,395 shares of the credit services provider’s stock after selling 12,550 shares during the quarter. Mastercard accounts for 3.4% of Manitou Investment Management Ltd.’s portfolio, making the stock its 14th largest holding. Manitou Investment Management Ltd.’s holdings in Mastercard were worth $13,749,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MA. Parallel Advisors LLC lifted its holdings in shares of Mastercard by 8.6% in the first quarter. Parallel Advisors LLC now owns 6,726 shares of the credit services provider’s stock valued at $1,584,000 after purchasing an additional 533 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in shares of Mastercard by 114.0% in the first quarter. Moors & Cabot Inc. now owns 8,452 shares of the credit services provider’s stock valued at $1,992,000 after purchasing an additional 4,503 shares in the last quarter. Financial Consulate Inc. lifted its holdings in shares of Mastercard by 4.6% in the first quarter. Financial Consulate Inc. now owns 1,558 shares of the credit services provider’s stock valued at $367,000 after purchasing an additional 68 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of Mastercard by 2.2% in the first quarter. Eagle Asset Management Inc. now owns 24,443 shares of the credit services provider’s stock valued at $5,755,000 after purchasing an additional 530 shares in the last quarter. Finally, Intermede Investment Partners Ltd lifted its holdings in shares of Mastercard by 13.7% in the first quarter. Intermede Investment Partners Ltd now owns 439,867 shares of the credit services provider’s stock valued at $103,567,000 after purchasing an additional 53,131 shares in the last quarter. 74.33% of the stock is owned by institutional investors and hedge funds.

MA stock traded up $3.43 during trading on Friday, reaching $264.53. 4,156,159 shares of the stock were exchanged, compared to its average volume of 3,586,636. Mastercard Inc has a twelve month low of $171.89 and a twelve month high of $269.85. The firm has a market capitalization of $266.92 billion, a P/E ratio of 40.76, a P/E/G ratio of 2.07 and a beta of 1.10. The business’s 50 day simple moving average is $256.38. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.40 and a quick ratio of 1.41.

Mastercard (NYSE:MA) last released its earnings results on Tuesday, April 30th. The credit services provider reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.12. The business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.86 billion. Mastercard had a return on equity of 129.95% and a net margin of 40.82%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the business earned $1.50 earnings per share. Equities research analysts expect that Mastercard Inc will post 7.6 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Monday, July 8th. Mastercard’s dividend payout ratio is 20.34%.

In other news, insider Craig Vosburg sold 7,650 shares of Mastercard stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $238.24, for a total value of $1,822,536.00. Following the completion of the transaction, the insider now owns 28,729 shares in the company, valued at $6,844,396.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David R. Carlucci sold 3,974 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $262.51, for a total transaction of $1,043,214.74. Following the completion of the transaction, the director now owns 54,438 shares of the company’s stock, valued at approximately $14,290,519.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 368,268 shares of company stock valued at $92,309,225. Corporate insiders own 0.32% of the company’s stock.

Several analysts recently issued reports on the company. Zacks Investment Research lowered Mastercard from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Wedbush increased their price objective on Mastercard from $261.00 to $287.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th. Wells Fargo & Co increased their price objective on Mastercard from $238.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. UBS Group increased their price objective on Mastercard from $247.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, Citigroup increased their target price on shares of Mastercard from $274.00 to $288.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Two analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $252.25.

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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