Pegasus Partners Ltd. Has $1.20 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Pegasus Partners Ltd. lowered its position in Mastercard Incorporated (NYSE:MA) by 28.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,438 shares of the credit services provider’s stock after selling 959 shares during the period. Pegasus Partners Ltd.’s holdings in Mastercard were worth $1,204,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Executive Wealth Management LLC raised its holdings in shares of Mastercard by 0.6% in the third quarter. Executive Wealth Management LLC now owns 14,462 shares of the credit services provider’s stock valued at $7,141,000 after buying an additional 93 shares during the last quarter. Washington Trust Advisors Inc. raised its stake in shares of Mastercard by 29.1% in the third quarter. Washington Trust Advisors Inc. now owns 337 shares of the credit services provider’s stock worth $166,000 after acquiring an additional 76 shares during the last quarter. Applied Finance Capital Management LLC lifted its position in shares of Mastercard by 79.6% during the third quarter. Applied Finance Capital Management LLC now owns 175,930 shares of the credit services provider’s stock worth $86,874,000 after purchasing an additional 77,986 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Mastercard during the third quarter valued at approximately $4,097,000. Finally, Hollencrest Capital Management increased its holdings in shares of Mastercard by 0.5% in the third quarter. Hollencrest Capital Management now owns 72,132 shares of the credit services provider’s stock valued at $35,619,000 after purchasing an additional 385 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MA shares. BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a report on Tuesday, September 3rd. BMO Capital Markets reissued an “outperform” rating and set a $520.00 price target on shares of Mastercard in a research note on Wednesday, August 14th. Susquehanna increased their price objective on shares of Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a report on Friday, November 1st. Macquarie lifted their target price on shares of Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, William Blair raised Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average target price of $540.17.

Mastercard Stock Performance

Shares of NYSE MA opened at $524.67 on Friday. The stock has a market capitalization of $481.56 billion, a PE ratio of 39.69, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10. Mastercard Incorporated has a 52 week low of $386.74 and a 52 week high of $528.84. The stock has a 50 day moving average price of $499.68 and a 200 day moving average price of $468.84. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. The business had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.39 earnings per share. Analysts predict that Mastercard Incorporated will post 14.45 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s payout ratio is currently 19.97%.

Insider Activity

In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the transaction, the insider now directly owns 92,033,308 shares in the company, valued at $43,113,923,465.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Foundation Mastercard sold 119,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the transaction, the insider now owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 327,370 shares of company stock valued at $153,495,958 over the last three months. Insiders own 0.10% 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. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.