Canal Capital Management LLC Lowers Position in Mastercard Incorporated (NYSE:MA)

Canal Capital Management LLC decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 16.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,950 shares of the credit services provider’s stock after selling 382 shares during the quarter. Canal Capital Management LLC’s holdings in Mastercard were worth $694,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MA. Jeppson Wealth Management LLC purchased a new position in Mastercard during the third quarter valued at $25,000. JFS Wealth Advisors LLC purchased a new position in Mastercard during the fourth quarter valued at $25,000. TD Ameritrade Investment Management LLC purchased a new position in Mastercard during the fourth quarter valued at $28,000. ForthRight Wealth Management LLC purchased a new position in Mastercard during the fourth quarter valued at $31,000. Finally, Sittner & Nelson LLC bought a new stake in shares of Mastercard in the 4th quarter worth $31,000. Institutional investors and hedge funds own 73.64% of the company’s stock.

NYSE:MA traded up $4.90 during mid-day trading on Thursday, hitting $388.00. 49,571 shares of the company traded hands, compared to its average volume of 4,251,817. The stock’s fifty day moving average price is $370.48 and its 200-day moving average price is $343.80. Mastercard Incorporated has a one year low of $251.00 and a one year high of $389.50. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 2.15. The firm has a market cap of $385.42 billion, a price-to-earnings ratio of 57.44, a price-to-earnings-growth ratio of 2.56 and a beta of 1.19.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, January 28th. The credit services provider reported $1.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.51 by $0.13. Mastercard had a return on equity of 114.80% and a net margin of 43.13%. The business had revenue of $4.12 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the previous year, the company posted $2.07 earnings per share. Mastercard’s revenue for the quarter was down 6.7% on a year-over-year basis. Equities analysts predict that Mastercard Incorporated will post 6.31 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 7th. Stockholders of record on Friday, April 9th will be given a $0.44 dividend. The ex-dividend date is Thursday, April 8th. This represents a $1.76 annualized dividend and a dividend yield of 0.45%. Mastercard’s payout ratio is 22.65%.

A number of analysts have commented on MA shares. Jefferies Financial Group raised Mastercard from a “hold” rating to a “buy” rating and lifted their target price for the stock from $315.00 to $415.00 in a report on Wednesday, January 13th. Morgan Stanley lifted their target price on Mastercard from $412.00 to $418.00 and gave the stock an “overweight” rating in a report on Tuesday. Barclays lifted their target price on Mastercard from $380.00 to $402.00 and gave the stock an “overweight” rating in a report on Tuesday. Mizuho lifted their target price on Mastercard from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Monday, March 15th. Finally, Wells Fargo & Company lifted their target price on Mastercard from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, January 4th. Three equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Mastercard currently has a consensus rating of “Buy” and an average target price of $369.30.

In other news, major shareholder Foundation Mastercard sold 57,198 shares of the business’s stock in a transaction dated Monday, January 25th. The stock was sold at an average price of $322.99, for a total value of $18,474,382.02. Following the transaction, the insider now directly owns 108,897,011 shares in the company, valued at $35,172,645,582.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gilberto Caldart sold 7,528 shares of the business’s stock in a transaction dated Thursday, February 4th. The shares were sold at an average price of $340.00, for a total value of $2,559,520.00. Following the completion of the transaction, the insider now owns 9,100 shares in the company, valued at $3,094,000. The disclosure for this sale can be found here. Insiders sold 669,876 shares of company stock worth $222,808,034 over the last 90 days. Company insiders own 3.79% of the company’s stock.

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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