Kendall Capital Management Lowers Stock Position in Mastercard Incorporated $MA

Kendall Capital Management cut its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 6,271 shares of the credit services provider’s stock after selling 72 shares during the quarter. Mastercard makes up 0.9% of Kendall Capital Management’s holdings, making the stock its 27th biggest holding. Kendall Capital Management’s holdings in Mastercard were worth $3,524,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in MA. Family Legacy Financial Solutions LLC purchased a new stake in shares of Mastercard during the 2nd quarter valued at $26,000. Flaharty Asset Management LLC purchased a new stake in shares of Mastercard during the 1st quarter valued at $27,000. Keystone Global Partners LLC purchased a new stake in Mastercard during the 1st quarter worth $31,000. Hughes Financial Services LLC purchased a new stake in Mastercard during the 1st quarter worth $34,000. Finally, 1 North Wealth Services LLC purchased a new stake in Mastercard during the 1st quarter worth $44,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MA. TD Cowen reaffirmed a “buy” rating and set a $645.00 price target on shares of Mastercard in a research report on Monday, August 11th. Morgan Stanley upped their price target on shares of Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. KeyCorp upped their price target on shares of Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. UBS Group upped their price target on shares of Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Finally, Royal Bank Of Canada upped their price target on shares of Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $630.89.

Mastercard Stock Performance

Shares of MA stock opened at $565.63 on Friday. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $511.34 billion, a P/E ratio of 38.14, a P/E/G ratio of 2.33 and a beta of 0.99. The company’s fifty day moving average price is $579.00 and its two-hundred day moving average price is $560.04.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same quarter in the previous year, the business posted $3.50 EPS. The firm’s revenue was up 16.8% compared to the same quarter last year. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be issued a $0.76 dividend. The ex-dividend date is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard’s payout ratio is currently 20.50%.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. The trade was a 36.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the company’s stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $560.00, for a total transaction of $536,480.00. Following the completion of the sale, the insider owned 23,624 shares in the company, valued at approximately $13,229,440. This trade represents a 3.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,349 shares of company stock worth $21,372,994 in the last quarter. 0.09% of the stock is owned by corporate insiders.

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.