Golub Group LLC Lowers Stake in Mastercard Inc (NYSE:MA)

Golub Group LLC lowered its stake in shares of Mastercard Inc (NYSE:MA) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,898 shares of the credit services provider’s stock after selling 543 shares during the period. Mastercard accounts for about 1.9% of Golub Group LLC’s investment portfolio, making the stock its 25th biggest holding. Golub Group LLC’s holdings in Mastercard were worth $23,599,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Joseph P. Lucia & Associates LLC acquired a new position in shares of Mastercard during the second quarter worth $26,000. Ellevest Inc. increased its position in shares of Mastercard by 52.8% during the second quarter. Ellevest Inc. now owns 110 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 38 shares in the last quarter. Howe & Rusling Inc. acquired a new position in shares of Mastercard during the third quarter worth $29,000. Delphi Private Advisors LLC acquired a new position in shares of Mastercard during the second quarter worth $31,000. Finally, Evolution Wealth Advisors LLC acquired a new position in shares of Mastercard during the second quarter worth $31,000. Institutional investors own 74.21% of the company’s stock.

In other news, Director Richard K. Davis acquired 1,735 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was acquired at an average cost of $270.09 per share, with a total value of $468,606.15. Following the transaction, the director now owns 6,031 shares in the company, valued at $1,628,912.79. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Foundation Mastercard sold 7,542 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $261.82, for a total transaction of $1,974,646.44. Following the completion of the sale, the insider now directly owns 111,969,978 shares of the company’s stock, valued at $29,315,979,639.96. The disclosure for this sale can be found here. Insiders sold a total of 99,080 shares of company stock valued at $27,149,356 in the last three months. 3.70% of the stock is currently owned by corporate insiders.

Several analysts recently weighed in on MA shares. William Blair reiterated an “outperform” rating on shares of Mastercard in a report on Friday, September 13th. Susquehanna Bancshares lifted their target price on shares of Mastercard from $293.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a report on Tuesday, September 3rd. Morgan Stanley lifted their target price on shares of Mastercard from $315.00 to $317.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Nomura lifted their target price on shares of Mastercard from $282.00 to $324.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $303.45.

MA stock traded up $2.10 during midday trading on Friday, hitting $274.89. The company’s stock had a trading volume of 2,200,430 shares, compared to its average volume of 3,524,577. The company has a quick ratio of 1.39, a current ratio of 1.39 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. The firm has a market capitalization of $272.92 billion, a P/E ratio of 42.36, a PEG ratio of 2.19 and a beta of 1.04. The firm has a 50-day simple moving average of $272.40 and a 200-day simple moving average of $267.53.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $2.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.14. Mastercard had a net margin of 42.50% and a return on equity of 146.92%. The company had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.41 billion. During the same quarter last year, the company posted $1.78 EPS. The firm’s revenue was up 14.6% compared to the same quarter last year. On average, sell-side analysts expect that Mastercard Inc will post 7.69 earnings per share for the current fiscal year.

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