Roundview Capital LLC Increases Stake in Mastercard Incorporated $MA

Roundview Capital LLC lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,400 shares of the credit services provider’s stock after acquiring an additional 660 shares during the period. Mastercard accounts for approximately 1.5% of Roundview Capital LLC’s investment portfolio, making the stock its 14th biggest holding. Roundview Capital LLC’s holdings in Mastercard were worth $22,702,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MA. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Mastercard during the 2nd quarter worth about $11,421,213,000. Nuveen LLC acquired a new stake in shares of Mastercard during the 1st quarter worth about $4,238,764,000. Wellington Management Group LLP raised its position in shares of Mastercard by 38.6% during the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after acquiring an additional 3,765,378 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Mastercard by 3,493.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider’s stock worth $524,914,000 after acquiring an additional 908,116 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock worth $11,015,557,000 after acquiring an additional 907,184 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company raised their target price on Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. TD Cowen reissued a “buy” rating and set a $645.00 target price on shares of Mastercard in a research report on Monday, August 11th. Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Finally, KeyCorp boosted their price objective on Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $634.04.

Mastercard Price Performance

Shares of NYSE MA opened at $578.91 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The stock has a 50 day moving average of $580.46 and a two-hundred day moving average of $562.33. The stock has a market cap of $523.34 billion, a P/E ratio of 39.04, a P/E/G ratio of 2.38 and a beta of 0.97.

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

Mastercard Announces Dividend

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

Insider Activity

In other news, CFO J. Mehra Sachin sold 17,816 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was 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 of the company’s stock, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.09% of the company’s stock.

Mastercard 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.