Bryn Mawr Capital Management LLC Has $5.94 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Bryn Mawr Capital Management LLC lowered its position in Mastercard Incorporated (NYSE:MA) by 21.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,838 shares of the credit services provider’s stock after selling 2,906 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Mastercard were worth $5,940,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Measured Risk Portfolios Inc. bought a new position in Mastercard during the 4th quarter worth approximately $31,000. Navigoe LLC purchased a new position in Mastercard during the fourth quarter valued at $33,000. 10Elms LLP purchased a new position in Mastercard during the fourth quarter valued at $33,000. Hughes Financial Services LLC bought a new stake in shares of Mastercard in the first quarter worth $34,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Mastercard in the fourth quarter worth $36,000. Institutional investors own 97.28% of the company’s stock.

Insider Activity

In related news, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $560.00, for a total transaction of $536,480.00. Following the transaction, the insider owned 23,624 shares of the company’s stock, valued at $13,229,440. This trade represents a 3.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Craig Vosburg sold 9,428 shares of the business’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the transaction, the insider owned 58,451 shares in the company, valued at approximately $20,636,125.55. The trade was a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,753 shares of company stock valued at $20,351,084 in the last quarter. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Stock Performance

NYSE MA opened at $552.19 on Tuesday. The company has a market capitalization of $503.44 billion, a PE ratio of 38.74, a P/E/G ratio of 2.39 and a beta of 1.02. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The company has a fifty day moving average of $568.26 and a two-hundred day moving average of $547.98. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The firm had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the previous year, the firm posted $3.31 EPS. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. As a group, analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard’s dividend payout ratio is 21.32%.

Analyst Ratings Changes

MA has been the subject of a number of research reports. The Goldman Sachs Group reissued a “buy” rating and set a $633.00 price target on shares of Mastercard in a research note on Wednesday, April 2nd. Citigroup lifted their target price on Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Evercore ISI began coverage on Mastercard in a report on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price target on the stock. Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a research note on Friday, June 6th. Finally, Seaport Res Ptn upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday. Six analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $611.50.

Mastercard Company 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.