Delaney Dennis R Has $7.80 Million Position in Mastercard Incorporated (NYSE:MA)

Delaney Dennis R reduced its position in Mastercard Incorporated (NYSE:MA) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,688 shares of the credit services provider’s stock after selling 335 shares during the quarter. Mastercard makes up about 4.2% of Delaney Dennis R’s portfolio, making the stock its 5th largest position. Delaney Dennis R’s holdings in Mastercard were worth $7,803,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. VitalStone Financial LLC boosted its holdings in shares of Mastercard by 300.0% during the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after buying an additional 45 shares in the last quarter. Westend Capital Management LLC acquired a new position in shares of Mastercard during the 1st quarter valued at $27,000. Palisade Asset Management LLC bought a new position in Mastercard during the first quarter worth $27,000. Scarborough Advisors LLC bought a new position in Mastercard during the fourth quarter worth $28,000. Finally, Beaird Harris Wealth Management LLC acquired a new stake in Mastercard in the fourth quarter worth $30,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Performance

NYSE MA opened at $494.76 on Thursday. The company has a market capitalization of $459.94 billion, a PE ratio of 39.33, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $501.80. The company has a 50-day simple moving average of $464.06 and a 200 day simple moving average of $460.76.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.08. The company had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. On average, research analysts predict that Mastercard Incorporated will post 14.29 EPS for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.53%. Mastercard’s payout ratio is presently 20.99%.

Analyst Ratings Changes

Several brokerages have recently weighed in on MA. Barclays upped their price objective on shares of Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a report on Monday, August 5th. JPMorgan Chase & Co. increased their price target on Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. TD Cowen boosted their price objective on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Evercore ISI lowered their target price on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Finally, Bank of America lifted their price target on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $512.08.

Insider Buying and Selling at Mastercard

In related news, major shareholder Foundation Mastercard sold 131,000 shares of Mastercard stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $459.46, for a total value of $60,189,260.00. Following the completion of the sale, the insider now owns 92,426,308 shares of the company’s stock, valued at approximately $42,466,191,473.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, major shareholder Foundation Mastercard sold 131,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $459.46, for a total value of $60,189,260.00. Following the completion of the transaction, the insider now directly owns 92,426,308 shares of the company’s stock, valued at approximately $42,466,191,473.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. The disclosure for this sale can be found here. Insiders have sold a total of 605,124 shares of company stock worth $280,045,189 over the last ninety days. 0.10% of the stock is currently owned by company insiders.

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.