Mastercard Inc (MA) Position Increased by Palo Capital Inc.

Palo Capital Inc. lifted its stake in Mastercard Inc (NYSE:MA) by 294.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,202 shares of the credit services provider’s stock after purchasing an additional 12,842 shares during the period. Palo Capital Inc.’s holdings in Mastercard were worth $3,829,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MA. Fulton Bank N.A. increased its holdings in Mastercard by 2.0% during the 3rd quarter. Fulton Bank N.A. now owns 11,893 shares of the credit services provider’s stock valued at $2,648,000 after acquiring an additional 235 shares in the last quarter. Harvest Fund Management Co. Ltd increased its holdings in Mastercard by 8.8% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 3,213 shares of the credit services provider’s stock valued at $631,000 after acquiring an additional 259 shares in the last quarter. Price Wealth Management Inc. increased its holdings in Mastercard by 3.9% during the 2nd quarter. Price Wealth Management Inc. now owns 7,067 shares of the credit services provider’s stock valued at $1,389,000 after acquiring an additional 267 shares in the last quarter. Raymond James Trust N.A. increased its holdings in Mastercard by 1.9% during the 2nd quarter. Raymond James Trust N.A. now owns 14,154 shares of the credit services provider’s stock valued at $2,782,000 after acquiring an additional 268 shares in the last quarter. Finally, Baxter Bros Inc. increased its holdings in Mastercard by 1.2% during the 3rd quarter. Baxter Bros Inc. now owns 23,002 shares of the credit services provider’s stock valued at $5,120,000 after acquiring an additional 280 shares in the last quarter. Hedge funds and other institutional investors own 74.41% of the company’s stock.

In related news, CFO Martina Hundmejean sold 69,817 shares of the business’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $200.35, for a total value of $13,987,835.95. Following the completion of the sale, the chief financial officer now directly owns 128,905 shares in the company, valued at $25,826,116.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.32% of the stock is currently owned by insiders.



MA has been the subject of a number of recent research reports. Goldman Sachs Group upgraded shares of Mastercard from a “buy” rating to a “conviction-buy” rating in a report on Monday, September 17th. BMO Capital Markets initiated coverage on shares of Mastercard in a report on Wednesday, September 26th. They set an “outperform” rating and a $238.00 price target for the company. Wells Fargo & Co lifted their price target on shares of Mastercard from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Monday, October 1st. Royal Bank of Canada lifted their price target on shares of Mastercard from $223.00 to $232.00 and gave the stock an “outperform” rating in a report on Tuesday, September 11th. They noted that the move was a valuation call. Finally, Credit Suisse Group lifted their price target on shares of Mastercard from $210.00 to $224.00 and gave the stock an “outperform” rating in a report on Monday, October 8th. Three analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the stock. Mastercard currently has a consensus rating of “Buy” and an average price target of $218.86.

Mastercard stock opened at $197.49 on Friday. Mastercard Inc has a 1 year low of $140.61 and a 1 year high of $225.35. The company has a market capitalization of $212.05 billion, a P/E ratio of 36.21, a P/E/G ratio of 1.77 and a beta of 1.16. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.11.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 26th. The credit services provider reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.13. Mastercard had a net margin of 33.81% and a return on equity of 103.82%. The firm had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the firm earned $1.10 earnings per share. Mastercard’s revenue was up 20.0% compared to the same quarter last year. On average, research analysts predict that Mastercard Inc will post 6.38 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Tuesday, October 9th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 5th. This represents a $1.00 dividend on an annualized basis and a yield of 0.51%. Mastercard’s payout ratio is 21.83%.

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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