Calamos Wealth Management LLC Boosts Stake in Mastercard Inc (NYSE:MA)

Calamos Wealth Management LLC raised its position in Mastercard Inc (NYSE:MA) by 0.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,530 shares of the credit services provider’s stock after buying an additional 164 shares during the period. Calamos Wealth Management LLC’s holdings in Mastercard were worth $5,304,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Cox Capital Mgt LLC increased its holdings in shares of Mastercard by 3.0% in the second quarter. Cox Capital Mgt LLC now owns 10,534 shares of the credit services provider’s stock valued at $2,787,000 after purchasing an additional 310 shares during the last quarter. Park National Corp OH grew its position in Mastercard by 16.5% in the second quarter. Park National Corp OH now owns 1,510 shares of the credit services provider’s stock worth $399,000 after acquiring an additional 214 shares during the period. South Texas Money Management Ltd. grew its position in Mastercard by 3.0% in the second quarter. South Texas Money Management Ltd. now owns 2,163 shares of the credit services provider’s stock worth $572,000 after acquiring an additional 63 shares during the period. Winfield Associates Inc. purchased a new position in Mastercard in the second quarter worth approximately $143,000. Finally, Foundations Investment Advisors LLC grew its position in Mastercard by 13.3% in the second quarter. Foundations Investment Advisors LLC now owns 6,811 shares of the credit services provider’s stock worth $1,860,000 after acquiring an additional 801 shares during the period. 74.28% of the stock is owned by institutional investors.

Several research analysts recently weighed in on MA shares. SunTrust Banks increased their price objective on Mastercard from $310.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. ValuEngine lowered Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Credit Suisse Group set a $292.00 price objective on Mastercard and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Morgan Stanley increased their price objective on Mastercard from $291.00 to $315.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Finally, UBS Group increased their price objective on Mastercard from $300.00 to $312.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Mastercard presently has a consensus rating of “Buy” and an average target price of $299.09.

In related news, major shareholder Foundation Mastercard sold 7,542 shares of Mastercard stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $278.16, for a total value of $2,097,882.72. Following the completion of the transaction, the insider now directly owns 112,015,230 shares in the company, valued at $31,158,156,376.80. 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 Mastercard stock in a transaction on Wednesday, September 4th. The shares were 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 owns 12,778 shares of the company’s stock, valued at $3,641,730. The disclosure for this sale can be found here. Over the last quarter, insiders sold 131,377 shares of company stock valued at $36,117,135. 3.70% of the stock is currently owned by company insiders.

Shares of MA traded up $2.55 during midday trading on Monday, hitting $273.18. 1,371,361 shares of the stock were exchanged, compared to its average volume of 3,228,230. Mastercard Inc has a 52-week low of $171.89 and a 52-week high of $293.69. The stock has a fifty day simple moving average of $275.93 and a 200 day simple moving average of $263.97. The firm has a market cap of $280.54 billion, a P/E ratio of 42.09, a P/E/G ratio of 2.30 and a beta of 1.06. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.49 and a current ratio of 1.49.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $1.32 dividend on an annualized basis and a yield of 0.48%. Mastercard’s dividend payout ratio (DPR) is presently 20.34%.

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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