Farr Miller & Washington LLC DC Purchases 117 Shares of Mastercard Incorporated (NYSE:MA)

Farr Miller & Washington LLC DC raised its stake in Mastercard Incorporated (NYSE:MA) by 13.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,019 shares of the credit services provider’s stock after acquiring an additional 117 shares during the period. Farr Miller & Washington LLC DC’s holdings in Mastercard were worth $363,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its position in Mastercard by 0.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,339,289 shares of the credit services provider’s stock valued at $10,458,136,000 after purchasing an additional 171,333 shares during the last quarter. Morgan Stanley lifted its position in Mastercard by 8.2% in the first quarter. Morgan Stanley now owns 18,519,943 shares of the credit services provider’s stock valued at $6,594,026,000 after purchasing an additional 1,401,668 shares during the last quarter. Geode Capital Management LLC lifted its position in Mastercard by 1.6% in the first quarter. Geode Capital Management LLC now owns 13,976,354 shares of the credit services provider’s stock valued at $4,962,775,000 after purchasing an additional 216,976 shares during the last quarter. Capital International Investors lifted its position in Mastercard by 22.6% in the first quarter. Capital International Investors now owns 12,027,838 shares of the credit services provider’s stock valued at $4,282,516,000 after purchasing an additional 2,218,827 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in Mastercard by 7.1% in the first quarter. Janus Henderson Group PLC now owns 12,010,838 shares of the credit services provider’s stock valued at $4,276,688,000 after purchasing an additional 794,240 shares during the last quarter. Hedge funds and other institutional investors own 73.87% of the company’s stock.

Several analysts have weighed in on MA shares. Jefferies Financial Group boosted their price objective on Mastercard from $440.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, April 30th. Barclays upped their target price on Mastercard from $440.00 to $452.00 and gave the company an “overweight” rating in a report on Monday, June 7th. Morgan Stanley upped their target price on Mastercard from $418.00 to $444.00 and gave the company an “overweight” rating in a report on Monday, May 3rd. Daiwa Capital Markets upgraded Mastercard from a “neutral” rating to an “outperform” rating and set a $402.00 target price for the company in a report on Tuesday, May 18th. Finally, Mizuho upped their target price on Mastercard from $430.00 to $435.00 and gave the company a “buy” rating in a report on Friday, April 30th. Two analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Mastercard has a consensus rating of “Buy” and a consensus target price of $398.38.

Shares of MA stock opened at $378.71 on Thursday. The stock has a market capitalization of $375.32 billion, a PE ratio of 58.20, a price-to-earnings-growth ratio of 2.18 and a beta of 1.18. The business has a fifty day moving average price of $369.70. Mastercard Incorporated has a twelve month low of $281.20 and a twelve month high of $401.50. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.43 and a current ratio of 1.43.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, April 29th. The credit services provider reported $1.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.19. Mastercard had a return on equity of 100.68% and a net margin of 42.38%. The company had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the prior year, the firm earned $1.83 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, equities research analysts predict that Mastercard Incorporated will post 7.77 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 9th. Stockholders of record on Friday, July 9th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Thursday, July 8th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.46%. Mastercard’s dividend payout ratio is currently 27.37%.

In other news, Chairman Ajay Banga sold 60,000 shares of the stock in a transaction on Wednesday, July 14th. The stock was sold at an average price of $390.34, for a total value of $23,420,400.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Foundation Mastercard sold 78,973 shares of the company’s stock in a transaction on Wednesday, July 21st. The shares were sold at an average price of $377.75, for a total value of $29,832,050.75. Following the transaction, the insider now directly owns 107,902,874 shares in the company, valued at $40,760,310,653.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 249,584 shares of company stock worth $94,566,929. Insiders own 0.33% of the company’s stock.

Mastercard Company 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.

Further Reading: Why Invest in Dividend Kings

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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