Knuff & Co LLC Has $495,000 Stake in Mastercard Incorporated (NYSE:MA)

Knuff & Co LLC cut its stake in shares of Mastercard Incorporated (NYSE:MAGet Rating) by 21.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,740 shares of the credit services provider’s stock after selling 475 shares during the quarter. Knuff & Co LLC’s holdings in Mastercard were worth $495,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MA. Coston McIsaac & Partners acquired a new stake in Mastercard during the 2nd quarter valued at approximately $25,000. Schubert & Co increased its position in shares of Mastercard by 91.8% during the second quarter. Schubert & Co now owns 94 shares of the credit services provider’s stock worth $30,000 after buying an additional 45 shares during the period. Grayhawk Investment Strategies Inc. bought a new position in Mastercard during the second quarter worth $31,000. Urban Wealth Management LLC acquired a new position in Mastercard in the second quarter valued at $35,000. Finally, Bangor Savings Bank boosted its position in Mastercard by 163.5% during the third quarter. Bangor Savings Bank now owns 137 shares of the credit services provider’s stock valued at $39,000 after acquiring an additional 85 shares during the last quarter. Institutional investors own 74.51% of the company’s stock.

Insider Activity at Mastercard

In other Mastercard news, insider Craig Vosburg sold 6,333 shares of Mastercard stock in a transaction dated Thursday, January 12th. The shares were sold at an average price of $380.05, for a total value of $2,406,856.65. Following the sale, the insider now owns 41,314 shares of the company’s stock, valued at $15,701,385.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 177,211 shares of Mastercard stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $319.89, for a total value of $56,688,026.79. Following the sale, the insider now owns 102,566,047 shares of the company’s stock, valued at $32,809,852,774.83. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Craig Vosburg sold 6,333 shares of Mastercard stock in a transaction dated Thursday, January 12th. The stock was sold at an average price of $380.05, for a total transaction of $2,406,856.65. Following the completion of the sale, the insider now directly owns 41,314 shares in the company, valued at approximately $15,701,385.70. The disclosure for this sale can be found here. Insiders have sold 367,819 shares of company stock valued at $117,733,271 over the last ninety days. Corporate insiders own 0.29% of the company’s stock.

Mastercard Stock Up 0.4 %

MA opened at $380.01 on Wednesday. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.25 and a quick ratio of 1.25. The company’s 50-day moving average is $354.99 and its 200 day moving average is $335.42. Mastercard Incorporated has a fifty-two week low of $276.87 and a fifty-two week high of $399.92. The firm has a market capitalization of $365.36 billion, a P/E ratio of 37.96, a PEG ratio of 1.70 and a beta of 1.10.

Mastercard (NYSE:MAGet Rating) last released its quarterly earnings results on Thursday, October 27th. The credit services provider reported $2.68 earnings per share for the quarter, beating analysts’ consensus estimates of $2.57 by $0.11. Mastercard had a net margin of 45.22% and a return on equity of 148.94%. The company had revenue of $5.76 billion for the quarter, compared to analyst estimates of $5.66 billion. Research analysts expect that Mastercard Incorporated will post 10.56 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 9th. Investors of record on Monday, January 9th will be given a dividend of $0.57 per share. This is a positive change from Mastercard’s previous quarterly dividend of $0.49. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Friday, January 6th. Mastercard’s dividend payout ratio (DPR) is presently 22.78%.

Analysts Set New Price Targets

Several brokerages recently commented on MA. Citigroup cut their target price on Mastercard from $415.00 to $400.00 in a research report on Friday, October 28th. Moffett Nathanson reduced their price objective on shares of Mastercard to $420.00 in a research report on Tuesday, November 1st. Wolfe Research boosted their target price on shares of Mastercard from $395.00 to $415.00 in a research report on Thursday, January 5th. Barclays cut their target price on shares of Mastercard from $428.00 to $427.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Royal Bank of Canada decreased their price target on shares of Mastercard from $400.00 to $392.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $406.73.

About Mastercard

(Get Rating)

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.

Further Reading

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.