Matthew 25 Management Corp Trims Stock Holdings in Mastercard Incorporated $MA

Matthew 25 Management Corp trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 27.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,000 shares of the credit services provider’s stock after selling 1,500 shares during the period. Mastercard makes up 0.7% of Matthew 25 Management Corp’s investment portfolio, making the stock its 17th biggest holding. Matthew 25 Management Corp’s holdings in Mastercard were worth $2,248,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. ORG Partners LLC boosted its holdings in Mastercard by 73.2% in the 2nd quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock valued at $394,000 after purchasing an additional 295 shares during the period. Ethos Financial Group LLC boosted its holdings in Mastercard by 19.5% in the 1st quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock valued at $1,683,000 after purchasing an additional 518 shares during the period. Curio Wealth LLC boosted its holdings in Mastercard by 22,400.0% in the 2nd quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock valued at $126,000 after purchasing an additional 224 shares during the period. Wheelhouse Advisory Group LLC boosted its holdings in Mastercard by 4.4% in the 2nd quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider’s stock valued at $751,000 after purchasing an additional 56 shares during the period. Finally, SeaBridge Investment Advisors LLC boosted its holdings in Mastercard by 4.3% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 6,463 shares of the credit services provider’s stock valued at $3,632,000 after purchasing an additional 264 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MA has been the subject of several analyst reports. Morgan Stanley set a $665.00 price target on shares of Mastercard and gave the company an “overweight” rating in a report on Friday. Cowen reaffirmed a “buy” rating on shares of Mastercard in a report on Friday. UBS Group lifted their price objective on shares of Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a report on Friday. Compass Point set a $620.00 price objective on shares of Mastercard and gave the stock a “neutral” rating in a report on Friday. Finally, Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Four research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $647.59.

Mastercard Price Performance

Shares of NYSE:MA opened at $552.68 on Wednesday. The stock has a market cap of $499.63 billion, a PE ratio of 37.27, a PEG ratio of 2.27 and a beta of 0.97. The company’s fifty day moving average is $574.64 and its 200 day moving average is $568.88. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. 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 issued its earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. The company had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.53 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm’s revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.89 EPS. Research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.44%.

Insider Buying and Selling

In other news, CFO J. Mehra Sachin sold 17,816 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.09% of the stock is currently owned by 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.