Burns J W & Co. Inc. NY Sells 39 Shares of Mastercard Incorporated (NYSE:MA)

Burns J W & Co. Inc. NY decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 3.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 997 shares of the credit services provider’s stock after selling 39 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in Mastercard were worth $392,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bornite Capital Management LP acquired a new position in shares of Mastercard in the first quarter valued at approximately $21,442,000. United Bank lifted its position in Mastercard by 34.5% in the 1st quarter. United Bank now owns 6,007 shares of the credit services provider’s stock valued at $2,147,000 after acquiring an additional 1,541 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Mastercard by 30.1% in the 1st quarter. Mackenzie Financial Corp now owns 272,358 shares of the credit services provider’s stock worth $97,335,000 after purchasing an additional 63,040 shares during the period. First Western Trust Bank bought a new position in Mastercard during the 1st quarter worth about $1,168,000. Finally, Bridgewater Associates LP acquired a new stake in shares of Mastercard in the 1st quarter valued at about $12,926,000. Institutional investors own 74.94% of the company’s stock.

Mastercard Price Performance

Shares of NYSE MA opened at $417.13 on Tuesday. The firm has a market cap of $393.02 billion, a P/E ratio of 39.09, a price-to-earnings-growth ratio of 1.86 and a beta of 1.10. The business’s 50 day moving average is $401.97 and its 200-day moving average is $381.97. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.57. Mastercard Incorporated has a 1-year low of $276.87 and a 1-year high of $418.60.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 27th. The credit services provider reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.05. The firm had revenue of $6.30 billion for the quarter, compared to analysts’ expectations of $6.18 billion. Mastercard had a return on equity of 178.10% and a net margin of 43.37%. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.56 EPS. Equities research analysts predict that Mastercard Incorporated will post 12.13 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Friday, July 7th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Thursday, July 6th. Mastercard’s dividend payout ratio is currently 21.37%.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 125,816 shares of Mastercard stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $391.39, for a total value of $49,243,124.24. Following the completion of the sale, the insider now directly owns 99,430,749 shares in the company, valued at $38,916,200,851.11. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, major shareholder Foundation Mastercard sold 125,816 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $391.39, for a total value of $49,243,124.24. Following the transaction, the insider now owns 99,430,749 shares in the company, valued at $38,916,200,851.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ajay Bhalla sold 4,000 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $413.88, for a total transaction of $1,655,520.00. Following the sale, the insider now directly owns 6,235 shares of the company’s stock, valued at approximately $2,580,541.80. The disclosure for this sale can be found here. Insiders sold 415,267 shares of company stock valued at $164,793,283 in the last quarter. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MA shares. Robert W. Baird increased their price objective on Mastercard from $435.00 to $450.00 in a report on Friday, July 28th. 888 restated a “reiterates” rating on shares of Mastercard in a report on Friday, June 30th. Credit Suisse Group raised their target price on shares of Mastercard from $400.00 to $430.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Barclays boosted their price target on shares of Mastercard from $437.00 to $470.00 and gave the stock an “overweight” rating in a research report on Monday, July 24th. Finally, Jefferies Financial Group raised their price objective on Mastercard from $460.00 to $475.00 and gave the company a “buy” rating in a report on Friday. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $442.83.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.