Mastercard Incorporated (MA) Position Held by Crystal Rock Capital Management
Crystal Rock Capital Management continued to hold its position in Mastercard Incorporated (NYSE:MA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,226 shares of the credit services provider’s stock at the close of the 2nd quarter. Mastercard comprises 4.5% of Crystal Rock Capital Management’s portfolio, making the stock its 8th largest position. Crystal Rock Capital Management’s holdings in Mastercard were worth $6,950,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. American Beacon Advisors Inc. bought a new stake in Mastercard during the 1st quarter worth approximately $100,000. Chicago Partners Investment Group LLC increased its holdings in Mastercard by 1,365.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after acquiring an additional 874 shares during the period. Thompson Davis & CO. Inc. increased its holdings in Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after acquiring an additional 546 shares during the period. Proficio Capital Partners LLC increased its holdings in Mastercard by 108.2% during the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after acquiring an additional 464 shares during the period. Finally, Norway Savings Bank increased its holdings in Mastercard by 1.1% during the 2nd quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock worth $117,000 after acquiring an additional 10 shares during the period. 76.21% of the stock is currently owned by institutional investors and hedge funds.
In other Mastercard news, Director Richard Haythornthwaite sold 5,000 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $142.51, for a total value of $712,550.00. Following the completion of the transaction, the director now directly owns 45,278 shares in the company, valued at approximately $6,452,567.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 14,200 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the completion of the transaction, the insider now owns 40,646 shares of the company’s stock, valued at $5,766,041.56. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock valued at $3,582,984 over the last 90 days. Company insiders own 0.30% of the company’s stock.
Shares of Mastercard Incorporated (NYSE:MA) opened at $148.33 on Thursday. Mastercard Incorporated has a 1-year low of $99.51 and a 1-year high of $152.00. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83. The company has a market cap of $158,746.36, a price-to-earnings ratio of 34.79, a P/E/G ratio of 2.00 and a beta of 1.21.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The business had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the business earned $1.08 EPS. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. equities analysts anticipate that Mastercard Incorporated will post 4.54 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Friday, October 6th were issued a $0.22 dividend. The ex-dividend date was Thursday, October 5th. This represents a $0.88 annualized dividend and a yield of 0.59%. Mastercard’s dividend payout ratio (DPR) is presently 20.47%.
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A number of research firms recently weighed in on MA. Guggenheim raised shares of Mastercard from a “neutral” rating to a “buy” rating and upped their target price for the stock from $135.00 to $153.00 in a report on Monday, September 11th. BidaskClub lowered shares of Mastercard from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Mizuho reaffirmed a “hold” rating and set a $140.00 target price on shares of Mastercard in a report on Thursday, October 12th. BMO Capital Markets upped their target price on shares of Mastercard from $126.00 to $137.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. Finally, Barclays PLC upped their target price on shares of Mastercard from $142.00 to $148.00 and gave the stock an “overweight” rating in a report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $157.68.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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