Norman Fields Gottscho Capital Management LLC Sells 100 Shares of Mastercard Inc (NYSE:MA)

Norman Fields Gottscho Capital Management LLC trimmed its holdings in Mastercard Inc (NYSE:MA) by 0.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,017 shares of the credit services provider’s stock after selling 100 shares during the period. Mastercard comprises approximately 2.6% of Norman Fields Gottscho Capital Management LLC’s holdings, making the stock its 7th largest holding. Norman Fields Gottscho Capital Management LLC’s holdings in Mastercard were worth $5,164,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nuveen Asset Management LLC raised its position in shares of Mastercard by 2,608.7% during the 2nd quarter. Nuveen Asset Management LLC now owns 9,177,186 shares of the credit services provider’s stock valued at $2,427,641,000 after acquiring an additional 8,838,385 shares in the last quarter. Polen Capital Management LLC raised its position in shares of Mastercard by 65.9% during the 2nd quarter. Polen Capital Management LLC now owns 4,392,067 shares of the credit services provider’s stock valued at $1,161,833,000 after acquiring an additional 1,744,262 shares in the last quarter. Invesco Ltd. raised its position in shares of Mastercard by 50.9% during the 2nd quarter. Invesco Ltd. now owns 5,016,084 shares of the credit services provider’s stock valued at $1,326,906,000 after acquiring an additional 1,691,911 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Mastercard by 12.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 13,943,219 shares of the credit services provider’s stock valued at $3,640,576,000 after acquiring an additional 1,548,776 shares in the last quarter. Finally, Thoroughbred Financial Services LLC raised its position in shares of Mastercard by 26,075.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,285,481 shares of the credit services provider’s stock valued at $128,548,000 after acquiring an additional 1,280,570 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

In other news, major shareholder Foundation Mastercard sold 7,950 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $275.98, for a total value of $2,194,041.00. Following the completion of the transaction, the insider now owns 112,173,812 shares of the company’s stock, valued at $30,957,728,635.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael Miebach sold 2,770 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $285.00, for a total value of $789,450.00. Following the completion of the transaction, the insider now directly owns 12,778 shares of the company’s stock, valued at approximately $3,641,730. The disclosure for this sale can be found here. In the last three months, insiders sold 140,143 shares of company stock valued at $38,535,340. Company insiders own 3.70% of the company’s stock.

MA has been the topic of several research reports. Citigroup upped their price target on Mastercard from $288.00 to $317.00 and gave the company a “buy” rating in a research report on Monday, September 9th. William Blair reissued an “outperform” rating on shares of Mastercard in a research report on Friday, September 13th. UBS Group upped their price target on Mastercard from $300.00 to $312.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. ValuEngine lowered Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, BMO Capital Markets set a $328.00 price target on Mastercard and gave the company a “buy” rating in a research report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Mastercard presently has a consensus rating of “Buy” and a consensus price target of $299.09.

MA traded up $5.17 during trading on Wednesday, reaching $272.24. 2,176,236 shares of the company were exchanged, compared to its average volume of 3,513,677. The stock has a market cap of $278.05 billion, a P/E ratio of 41.95, a PEG ratio of 2.27 and a beta of 1.06. The firm has a 50 day moving average of $276.08 and a 200 day moving average of $261.83. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.55. Mastercard Inc has a 52 week low of $171.89 and a 52 week high of $293.69.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.89 EPS for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.07. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The firm’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.66 EPS. As a group, analysts forecast that Mastercard Inc will post 7.61 earnings per share for the current fiscal year.

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