Brasada Capital Management LP Sells 650 Shares of Mastercard Inc (MA)

Brasada Capital Management LP reduced its holdings in shares of Mastercard Inc (NYSE:MA) by 6.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,630 shares of the credit services provider’s stock after selling 650 shares during the quarter. Brasada Capital Management LP’s holdings in Mastercard were worth $1,687,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Community Bank N.A. boosted its stake in shares of Mastercard by 119.7% during the 4th quarter. Community Bank N.A. now owns 670 shares of the credit services provider’s stock worth $101,000 after purchasing an additional 365 shares during the last quarter. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Mastercard during the 4th quarter worth about $103,000. Trustcore Financial Services LLC acquired a new stake in shares of Mastercard during the 4th quarter worth about $120,000. Financial Gravity Companies Inc. acquired a new stake in shares of Mastercard during the 4th quarter worth about $123,000. Finally, Slow Capital Inc. acquired a new stake in shares of Mastercard during the 4th quarter worth about $125,000. Hedge funds and other institutional investors own 74.69% of the company’s stock.

Several research firms have issued reports on MA. Loop Capital raised their price target on shares of Mastercard to $208.00 and gave the stock a “buy” rating in a research note on Thursday, May 3rd. They noted that the move was a valuation call. Buckingham Research raised their target price on shares of Mastercard from $194.00 to $222.00 and gave the stock a “buy” rating in a research report on Tuesday. Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “strong-buy” rating and set a $227.00 target price on the stock in a research report on Wednesday, June 6th. ValuEngine raised shares of Mastercard from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, SunTrust Banks raised their target price on shares of Mastercard to $215.00 and gave the stock a “buy” rating in a research report on Thursday, May 3rd. Three analysts have rated the stock with a hold rating, thirty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $188.76.

In other news, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $173.22, for a total transaction of $866,100.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ajay Banga sold 239,020 shares of Mastercard stock in a transaction that occurred on Thursday, May 3rd. The shares were sold at an average price of $185.97, for a total transaction of $44,450,549.40. Following the sale, the chief executive officer now owns 355,411 shares in the company, valued at approximately $66,095,783.67. The disclosure for this sale can be found here. Insiders have sold 269,631 shares of company stock worth $50,004,432 in the last quarter. Insiders own 0.32% of the company’s stock.

Shares of Mastercard opened at $196.46 on Wednesday, Marketbeat.com reports. The company has a market cap of $210.34 billion, a price-to-earnings ratio of 42.90, a price-to-earnings-growth ratio of 1.68 and a beta of 1.18. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.64 and a current ratio of 1.64. Mastercard Inc has a fifty-two week low of $120.65 and a fifty-two week high of $204.00.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, May 2nd. The credit services provider reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.26 billion. Mastercard had a net margin of 32.42% and a return on equity of 91.56%. The business’s quarterly revenue was up 30.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 earnings per share. equities research analysts anticipate that Mastercard Inc will post 6.32 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 9th. Stockholders of record on Monday, July 9th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, July 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.51%. Mastercard’s dividend payout ratio is currently 21.83%.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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