Nottingham Advisors Inc. Sells 137 Shares of Mastercard Incorporated (NYSE:MA)

Nottingham Advisors Inc. lowered its stake in Mastercard Incorporated (NYSE:MA) by 0.7% in the 2nd quarter, Holdings Channel reports. The firm owned 20,143 shares of the credit services provider’s stock after selling 137 shares during the quarter. Nottingham Advisors Inc.’s holdings in Mastercard were worth $7,354,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MA. Morgan Stanley raised its holdings in shares of Mastercard by 8.2% in the 1st quarter. Morgan Stanley now owns 18,519,943 shares of the credit services provider’s stock valued at $6,594,026,000 after acquiring an additional 1,401,668 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Mastercard by 1.6% during the 1st 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 buying an additional 216,976 shares in the last quarter. Capital International Investors raised its holdings in shares of Mastercard by 22.6% during the 1st quarter. Capital International Investors now owns 12,027,838 shares of the credit services provider’s stock valued at $4,282,516,000 after buying an additional 2,218,827 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Mastercard by 7.1% during the 1st 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 buying an additional 794,240 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in shares of Mastercard by 19.2% during the 1st quarter. Nuveen Asset Management LLC now owns 6,877,284 shares of the credit services provider’s stock valued at $2,448,657,000 after buying an additional 1,109,951 shares in the last quarter. Institutional investors and hedge funds own 73.97% of the company’s stock.

A number of equities analysts recently weighed in on MA shares. Daiwa Capital Markets cut Mastercard from an “outperform” rating to a “neutral” rating and set a $385.00 price objective on the stock. in a report on Thursday, August 12th. Mizuho lifted their price target on Mastercard from $435.00 to $450.00 and gave the stock a “buy” rating in a research note on Monday, August 2nd. Raymond James lifted their price target on Mastercard from $428.00 to $453.00 and gave the stock an “outperform” rating in a research note on Friday, July 30th. Barclays lifted their price target on Mastercard from $452.00 to $455.00 and gave the stock an “overweight” rating in a research note on Monday, August 2nd. Finally, UBS Group lifted their price target on Mastercard from $400.00 to $445.00 and gave the stock a “buy” rating in a research note on Friday, July 30th. Two investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, Mastercard presently has an average rating of “Buy” and an average target price of $418.48.

NYSE:MA traded down $1.07 during trading hours on Wednesday, reaching $344.73. 113,661 shares of the company traded hands, compared to its average volume of 3,775,725. The business’s 50-day moving average price is $366.30 and its two-hundred day moving average price is $368.97. The stock has a market capitalization of $340.17 billion, a P/E ratio of 47.82, a P/E/G ratio of 1.98 and a beta of 1.16. Mastercard Incorporated has a 1 year low of $281.20 and a 1 year high of $401.50. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 2.03.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 29th. The credit services provider reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.23. Mastercard had a return on equity of 109.48% and a net margin of 43.22%. The company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.35 billion. As a group, equities analysts anticipate that Mastercard Incorporated will post 8.11 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 9th. Stockholders of record on Friday, July 9th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Thursday, July 8th. Mastercard’s dividend payout ratio (DPR) is 27.37%.

In related news, Vice Chairman Ann Cairns sold 400 shares of the stock in a transaction that occurred on Thursday, June 24th. The stock was sold at an average price of $380.00, for a total value of $152,000.00. Following the transaction, the insider now owns 114,646 shares of the company’s stock, valued at $43,565,480. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Ajay Banga sold 60,000 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 876,377 shares of company stock valued at $330,177,910. 0.33% of the stock is owned by corporate insiders.

About Mastercard

Mastercard, Inc operates as a technology company. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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