Csenge Advisory Group Cuts Stock Holdings in Mastercard Incorporated $MA
by Scott Moore · The Cerbat GemCsenge Advisory Group reduced its stake in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 3.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,126 shares of the credit services provider’s stock after selling 206 shares during the quarter. Csenge Advisory Group’s holdings in Mastercard were worth $3,587,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised 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 purchasing an additional 365,537 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in Mastercard in the second quarter valued at approximately $11,421,213,000. Price T Rowe Associates Inc. MD grew its position in 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 valued at $11,015,557,000 after buying an additional 907,184 shares during the period. Wellington Management Group LLP increased its position in shares of Mastercard by 38.6% in the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after buying an additional 3,765,378 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Mastercard in the first quarter valued at approximately $4,238,764,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have recently commented on MA. Wall Street Zen upgraded Mastercard from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Cowen restated a “buy” rating on shares of Mastercard in a report on Friday. KeyCorp restated an “overweight” rating and issued a $665.00 price objective on shares of Mastercard in a report on Wednesday, October 22nd. Finally, Macquarie raised their price objective on Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Four investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $647.59.
Check Out Our Latest Research Report on Mastercard
Mastercard Stock Performance
Shares of Mastercard stock opened at $552.68 on Wednesday. The business has a 50-day moving average of $574.64 and a 200 day moving average of $568.88. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The stock has a market capitalization of $499.63 billion, a price-to-earnings ratio of 37.27, a price-to-earnings-growth ratio of 2.27 and a beta of 0.97. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16.
Mastercard (NYSE:MA – Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, topping the consensus estimate of $4.31 by $0.07. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.53 billion. During the same quarter in the previous year, the firm posted $3.89 earnings per share. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.
Mastercard Dividend Announcement
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 0.6%. Mastercard’s payout ratio is presently 19.44%.
Insider Activity
In related news, CFO J. Mehra Sachin sold 17,816 shares of the 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 $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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.
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