Fulton Breakefield Broenniman LLC Purchases 108 Shares of Mastercard Incorporated $MA

Fulton Breakefield Broenniman LLC increased its position in shares of Mastercard Incorporated (NYSE:MA) by 23.1% in the second quarter, Holdings Channel reports. The institutional investor owned 575 shares of the credit services provider’s stock after buying an additional 108 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Mastercard were worth $323,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Mastercard by 0.5% during the first quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock worth $42,503,787,000 after buying an additional 365,537 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of Mastercard during the second quarter worth about $11,421,213,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Mastercard by 4.7% during the first 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 buying an additional 907,184 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Mastercard by 38.6% during the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after buying an additional 3,765,378 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Mastercard during the first quarter valued at approximately $4,238,764,000. 97.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on MA. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. Royal Bank Of Canada increased their price target on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Morgan Stanley increased their price target on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, Robert W. Baird increased their price target on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $634.04.

Mastercard Stock Performance

MA opened at $576.40 on Thursday. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The stock has a market cap of $521.07 billion, a price-to-earnings ratio of 38.87, a PEG ratio of 2.38 and a beta of 0.97. The business has a 50 day moving average of $581.11 and a 200-day moving average of $562.55. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) 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 period last year, the firm posted $3.50 earnings per share. The business’s revenue was up 16.8% on a year-over-year basis. On average, equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

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

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.09% of the company’s stock.

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.