MIG Capital LLC Cuts Stake in Mastercard Inc (NYSE:MA)

MIG Capital LLC decreased its holdings in shares of Mastercard Inc (NYSE:MA) by 9.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 184,329 shares of the credit services provider’s stock after selling 18,646 shares during the quarter. Mastercard accounts for about 6.8% of MIG Capital LLC’s investment portfolio, making the stock its 5th biggest position. MIG Capital LLC’s holdings in Mastercard were worth $48,761,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Claro Advisors LLC boosted its position in Mastercard by 4.1% during the 2nd quarter. Claro Advisors LLC now owns 934 shares of the credit services provider’s stock valued at $247,000 after acquiring an additional 37 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Mastercard by 0.3% during the 2nd quarter. Quadrant Capital Group LLC now owns 15,147 shares of the credit services provider’s stock valued at $3,989,000 after purchasing an additional 38 shares during the last quarter. First Personal Financial Services lifted its holdings in shares of Mastercard by 4.8% during the 2nd quarter. First Personal Financial Services now owns 832 shares of the credit services provider’s stock valued at $220,000 after purchasing an additional 38 shares during the last quarter. Campbell Wealth Management lifted its holdings in shares of Mastercard by 3.9% during the 2nd quarter. Campbell Wealth Management now owns 1,007 shares of the credit services provider’s stock valued at $266,000 after purchasing an additional 38 shares during the last quarter. Finally, Virtus ETF Advisers LLC lifted its holdings in shares of Mastercard by 23.0% during the 2nd quarter. Virtus ETF Advisers LLC now owns 203 shares of the credit services provider’s stock valued at $54,000 after purchasing an additional 38 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Craig Vosburg sold 8,314 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $266.03, for a total transaction of $2,211,773.42. Following the sale, the insider now directly owns 33,047 shares in the company, valued at approximately $8,791,493.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 7,950 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $279.16, for a total value of $2,219,322.00. Following the sale, the insider now owns 112,173,812 shares in the company, valued at $31,314,441,357.92. The disclosure for this sale can be found here. Insiders have sold a total of 148,457 shares of company stock valued at $40,747,113 in the last quarter. Company insiders own 3.70% of the company’s stock.



MA stock traded down $3.47 during midday trading on Wednesday, reaching $267.65. The stock had a trading volume of 119,253 shares, compared to its average volume of 3,499,110. The stock has a market cap of $275.12 billion, a PE ratio of 41.26, a P/E/G ratio of 2.25 and a beta of 1.08. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a fifty day simple moving average of $276.22 and a two-hundred day simple moving average of $258.79. Mastercard Inc has a 52-week low of $171.89 and a 52-week high of $293.69.

Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.07. The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The company’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the business posted $1.66 EPS. On average, sell-side analysts predict that Mastercard Inc will post 7.61 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be paid a dividend of $0.33 per share. The ex-dividend date is Tuesday, October 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.49%. Mastercard’s payout ratio is currently 20.34%.

Several brokerages have recently commented on MA. Tigress Financial reiterated a “buy” rating on shares of Mastercard in a report on Thursday, August 22nd. Susquehanna Bancshares increased their price objective on Mastercard from $293.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Citigroup increased their price objective on Mastercard from $288.00 to $317.00 and gave the company a “buy” rating in a report on Monday, September 9th. Wedbush increased their price objective on Mastercard from $261.00 to $287.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. Finally, Raymond James increased their price objective on Mastercard from $300.00 to $308.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $299.09.

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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