Monetary Management Group Inc. Lowers Stake in Mastercard Incorporated (NYSE:MA)

Monetary Management Group Inc. reduced its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 9,670 shares of the credit services provider’s stock after selling 80 shares during the period. Mastercard makes up 1.1% of Monetary Management Group Inc.’s investment portfolio, making the stock its 25th largest holding. Monetary Management Group Inc.’s holdings in Mastercard were worth $3,530,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Morgan Stanley boosted its holdings in shares of Mastercard by 8.2% in 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 acquiring an additional 1,401,668 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Mastercard by 1.6% in the first 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 purchasing an additional 216,976 shares during the period. Capital International Investors lifted its stake in shares of Mastercard by 22.6% in the first quarter. Capital International Investors now owns 12,027,838 shares of the credit services provider’s stock valued at $4,282,516,000 after purchasing an additional 2,218,827 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Mastercard by 7.1% in the first 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 during the period. Finally, Nuveen Asset Management LLC lifted its stake in shares of Mastercard by 19.2% in the first 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 purchasing an additional 1,109,951 shares during the period. 73.97% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently commented on MA shares. Compass Point raised their price objective on shares of Mastercard from $430.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, July 30th. Morgan Stanley lifted their target price 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. Raymond James lifted their target price on shares of Mastercard from $428.00 to $453.00 and gave the stock an “outperform” rating in a research report on Friday, July 30th. JPMorgan Chase & Co. lifted their target price on shares of Mastercard from $427.00 to $430.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 17th. Finally, BMO Capital Markets lifted their target price on shares of Mastercard from $427.00 to $429.00 and gave the stock an “outperform” rating in a research report on Friday, July 30th. Two analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $418.48.

MA traded down $2.19 during trading on Monday, hitting $355.97. The company had a trading volume of 166,996 shares, compared to its average volume of 3,782,158. The company has a market cap of $351.26 billion, a PE ratio of 49.74, a P/E/G ratio of 1.98 and a beta of 1.16. The business has a 50-day moving average of $360.75 and a 200-day moving average of $367.85. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.33 and a quick ratio of 1.33. Mastercard Incorporated has a 1-year low of $281.20 and a 1-year high of $401.50.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 29th. The credit services provider reported $1.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.23. The company had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.35 billion. Mastercard had a net margin of 43.22% and a return on equity of 109.48%. Research analysts forecast that Mastercard Incorporated will post 8.11 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 9th. Shareholders of record on Friday, October 8th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, October 7th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.49%. Mastercard’s dividend payout ratio (DPR) is 27.37%.

In related news, major shareholder Foundation Mastercard sold 78,985 shares of the stock in a transaction dated Monday, August 16th. The shares were sold at an average price of $358.90, for a total value of $28,347,716.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Ann Cairns sold 15,197 shares of the stock in a transaction dated Tuesday, July 13th. The shares were sold at an average price of $380.80, for a total transaction of $5,787,017.60. Following the completion of the transaction, the insider now owns 129,443 shares of the company’s stock, valued at approximately $49,291,894.40. The disclosure for this sale can be found here. Insiders have sold 872,777 shares of company stock worth $328,809,430 over the last three months. 0.33% of the stock is owned by corporate insiders.

Mastercard 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.

Read More: Cost of Goods Sold (COGS)

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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