Rhumbline Advisers Increases Stock Holdings in Mastercard Inc (NYSE:MA)

Rhumbline Advisers lifted its holdings in Mastercard Inc (NYSE:MA) by 3.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,650,526 shares of the credit services provider’s stock after buying an additional 59,759 shares during the quarter. Mastercard makes up about 0.8% of Rhumbline Advisers’ holdings, making the stock its 22nd biggest holding. Rhumbline Advisers owned 0.16% of Mastercard worth $388,616,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. boosted its holdings in shares of Mastercard by 1.0% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 4,560 shares of the credit services provider’s stock valued at $1,074,000 after acquiring an additional 43 shares during the last quarter. Northwest Quadrant Wealth Management LLC lifted its stake in shares of Mastercard by 2.1% in the 1st quarter. Northwest Quadrant Wealth Management LLC now owns 2,233 shares of the credit services provider’s stock worth $534,000 after purchasing an additional 45 shares during the period. Mechanics Bank Trust Department lifted its stake in shares of Mastercard by 3.8% in the 1st quarter. Mechanics Bank Trust Department now owns 1,245 shares of the credit services provider’s stock worth $293,000 after purchasing an additional 45 shares during the period. HCR Wealth Advisors lifted its stake in shares of Mastercard by 4.5% in the 4th quarter. HCR Wealth Advisors now owns 1,164 shares of the credit services provider’s stock worth $220,000 after purchasing an additional 50 shares during the period. Finally, Gables Capital Management Inc. lifted its stake in shares of Mastercard by 0.6% in the 4th quarter. Gables Capital Management Inc. now owns 8,694 shares of the credit services provider’s stock worth $1,640,000 after purchasing an additional 50 shares during the period. 74.33% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Ajay Banga sold 252,600 shares of Mastercard stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $250.92, for a total value of $63,382,392.00. Following the completion of the sale, the chief executive officer now directly owns 427,638 shares in the company, valued at $107,302,926.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Miebach sold 2,711 shares of Mastercard stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $240.28, for a total value of $651,399.08. Following the completion of the sale, the insider now owns 20,492 shares of the company’s stock, valued at $4,923,817.76. The disclosure for this sale can be found here. Insiders sold 368,268 shares of company stock valued at $92,309,225 over the last 90 days. 0.32% of the stock is currently owned by corporate insiders.

A number of equities research analysts have commented on the stock. Wedbush raised their target price on shares of Mastercard from $261.00 to $287.00 and gave the stock an “outperform” rating in a research note on Thursday, June 13th. Bank of America raised their target price on shares of Mastercard from $255.00 to $267.00 and gave the stock a “neutral” rating in a research note on Monday, June 17th. BMO Capital Markets raised their target price on shares of Mastercard from $254.00 to $274.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Citigroup raised their target price on shares of Mastercard from $274.00 to $288.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $275.00 target price on the stock in a research note on Wednesday, May 15th. Two investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $252.25.

NYSE MA traded up $3.43 on Friday, hitting $264.53. 4,156,159 shares of the stock were exchanged, compared to its average volume of 3,586,636. Mastercard Inc has a 52-week low of $171.89 and a 52-week high of $269.85. The stock has a market capitalization of $266.92 billion, a price-to-earnings ratio of 40.76, a P/E/G ratio of 2.07 and a beta of 1.10. The business has a fifty day moving average price of $256.38. The company has a quick ratio of 1.41, a current ratio of 1.40 and a debt-to-equity ratio of 1.12.

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 the consensus estimate of $1.66 by $0.12. Mastercard had a return on equity of 129.95% and a net margin of 40.82%. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same period last year, the company earned $1.50 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, research analysts forecast that Mastercard Inc will post 7.6 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a $1.32 annualized dividend and a dividend yield of 0.50%. Mastercard’s payout ratio is currently 20.34%.

Mastercard 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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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