SeaBridge Investment Advisors LLC Increases Stock Holdings in Mastercard Incorporated (NYSE:MA)

SeaBridge Investment Advisors LLC boosted its holdings in Mastercard Incorporated (NYSE:MA) by 6.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,405 shares of the credit services provider’s stock after buying an additional 210 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Mastercard were worth $1,243,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital International Investors lifted 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 worth $4,282,516,000 after acquiring an additional 2,218,827 shares during the period. Magellan Asset Management Ltd boosted its holdings in Mastercard by 46.0% in the first quarter. Magellan Asset Management Ltd now owns 5,869,782 shares of the credit services provider’s stock valued at $2,089,936,000 after acquiring an additional 1,850,331 shares during the last quarter. Morgan Stanley lifted its position in Mastercard by 8.2% during 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 buying an additional 1,401,668 shares in the last quarter. Nuveen Asset Management LLC boosted its position in 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 worth $2,448,657,000 after purchasing an additional 1,109,951 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in Mastercard by 7.1% in 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 purchasing an additional 794,240 shares in the last quarter. Institutional investors own 73.97% of the company’s stock.

Shares of Mastercard stock traded down $1.66 on Wednesday, reaching $344.14. 65,135 shares of the company were exchanged, compared to its average volume of 3,775,725. Mastercard Incorporated has a fifty-two week low of $281.20 and a fifty-two week high of $401.50. The firm has a market capitalization of $339.59 billion, a price-to-earnings ratio of 47.82, a price-to-earnings-growth ratio of 1.98 and a beta of 1.16. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 2.03. The stock has a fifty day moving average price of $366.30 and a 200-day moving average price of $368.97.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 29th. The credit services provider reported $1.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.23. Mastercard had a return on equity of 109.48% and a net margin of 43.22%. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.35 billion. On average, equities analysts anticipate that Mastercard Incorporated will post 8.11 earnings per share for the current fiscal year.

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

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Mastercard from $427.00 to $430.00 and gave the company an “overweight” rating in a report on Tuesday, August 17th. BMO Capital Markets raised their price objective on Mastercard from $427.00 to $429.00 and gave the company an “outperform” rating in a research note on Friday, July 30th. Mizuho upped their target price on Mastercard from $435.00 to $450.00 and gave the company a “buy” rating in a research report on Monday, August 2nd. Morgan Stanley raised their price target on shares of Mastercard from $444.00 to $451.00 and gave the stock an “overweight” rating in a research report on Friday, July 30th. Finally, Raymond James upped their price target on shares of Mastercard from $428.00 to $453.00 and gave the company an “outperform” rating in a report on Friday, July 30th. Two investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, Mastercard has a consensus rating of “Buy” and an average target price of $418.48.

In other news, Vice Chairman Ann Cairns sold 3,200 shares of the company’s stock in a transaction dated Monday, June 28th. The stock was sold at an average price of $380.15, for a total value of $1,216,480.00. Following the transaction, the insider now owns 114,646 shares in the company, valued at approximately $43,582,676.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Ajay Banga sold 60,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 14th. The shares were sold at an average price of $390.34, for a total transaction of $23,420,400.00. The disclosure for this sale can be found here. Insiders sold a total of 876,377 shares of company stock valued at $330,177,910 in the last ninety days. Company insiders own 0.33% of the company’s stock.

Mastercard Company Profile

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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