West Branch Capital LLC Takes Position in Mastercard Inc (NYSE:MA)

West Branch Capital LLC acquired a new stake in Mastercard Inc (NYSE:MA) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 741 shares of the credit services provider’s stock, valued at approximately $201,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. DeDora Capital Inc. grew its stake in Mastercard by 4.4% during the 2nd quarter. DeDora Capital Inc. now owns 4,850 shares of the credit services provider’s stock worth $1,283,000 after purchasing an additional 203 shares in the last quarter. Smith Asset Management Group LP purchased a new stake in Mastercard during the 2nd quarter worth about $18,541,000. Dearborn Partners LLC lifted its holdings in Mastercard by 3.5% during the 2nd quarter. Dearborn Partners LLC now owns 140,223 shares of the credit services provider’s stock worth $37,093,000 after buying an additional 4,762 shares during the last quarter. World Asset Management Inc lifted its holdings in Mastercard by 1.2% during the 2nd quarter. World Asset Management Inc now owns 61,819 shares of the credit services provider’s stock worth $16,353,000 after buying an additional 755 shares during the last quarter. Finally, Brightworth lifted its holdings in Mastercard by 18.4% during the 2nd quarter. Brightworth now owns 3,852 shares of the credit services provider’s stock worth $1,019,000 after buying an additional 599 shares during the last quarter. 74.28% of the stock is owned by institutional investors and hedge funds.

A number of analysts have issued reports on the company. Nomura lifted their price target on Mastercard from $282.00 to $324.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. ValuEngine downgraded Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. SunTrust Banks boosted their target price on Mastercard from $310.00 to $325.00 and gave the company a “buy” rating in a report on Friday, September 13th. Deutsche Bank boosted their target price on Mastercard from $267.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Finally, UBS Group boosted their target price on Mastercard from $300.00 to $312.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Three 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 company currently has a consensus rating of “Buy” and a consensus price target of $299.09.

MA traded up $7.02 on Thursday, hitting $267.87. 263,736 shares of the company traded hands, compared to its average volume of 3,227,786. The company has a 50 day moving average of $274.55 and a 200-day moving average of $264.71. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $265.06 billion, a PE ratio of 41.26, a PEG ratio of 2.17 and a beta of 1.06. Mastercard Inc has a 12-month low of $171.89 and a 12-month high of $293.69.

Mastercard (NYSE:MA) last released its earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the previous year, the firm posted $1.66 EPS. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. On average, research analysts anticipate that Mastercard Inc will post 7.61 EPS for the current year.

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

In other Mastercard news, insider Michael Miebach sold 2,770 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $285.00, for a total transaction of $789,450.00. Following the transaction, the insider now owns 12,778 shares in the company, valued at approximately $3,641,730. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 7,950 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $281.12, for a total value of $2,234,904.00. Following the transaction, the insider now owns 112,126,112 shares in the company, valued at approximately $31,520,892,605.44. The disclosure for this sale can be found here. Insiders have sold a total of 130,969 shares of company stock worth $35,963,564 in the last quarter. 3.70% of the stock is currently owned by insiders.

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.

Featured Story: How to Invest in an Index Fund

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Inc (NYSE:MA).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.