Callan Capital LLC Sells 55 Shares of Mastercard Incorporated (NYSE:MA)

Callan Capital LLC lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 2.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,814 shares of the credit services provider’s stock after selling 55 shares during the quarter. Callan Capital LLC’s holdings in Mastercard were worth $800,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Promethos Capital LLC grew its position in shares of Mastercard by 126.6% in the second quarter. Promethos Capital LLC now owns 8,493 shares of the credit services provider’s stock valued at $3,604,000 after purchasing an additional 4,745 shares during the last quarter. Canada Pension Plan Investment Board grew its position in shares of Mastercard by 2.7% in the second quarter. Canada Pension Plan Investment Board now owns 4,327,168 shares of the credit services provider’s stock valued at $1,908,973,000 after purchasing an additional 113,238 shares during the last quarter. GM Advisory Group LLC grew its position in shares of Mastercard by 1.4% in the second quarter. GM Advisory Group LLC now owns 2,707 shares of the credit services provider’s stock valued at $1,194,000 after purchasing an additional 38 shares during the last quarter. Ieq Capital LLC grew its position in shares of Mastercard by 5.3% in the second quarter. Ieq Capital LLC now owns 63,616 shares of the credit services provider’s stock valued at $28,065,000 after purchasing an additional 3,218 shares during the last quarter. Finally, Brighton Jones LLC grew its position in shares of Mastercard by 1.9% in the second quarter. Brighton Jones LLC now owns 6,517 shares of the credit services provider’s stock valued at $2,875,000 after purchasing an additional 123 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the topic of several research reports. Argus raised Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Citigroup upped their target price on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Compass Point assumed coverage on Mastercard in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price target for the company. Susquehanna boosted their price target on Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada boosted their price target on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $512.08.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 131,000 shares of the stock in a transaction on 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 transaction, the insider now directly owns 92,426,308 shares in the company, valued at approximately $42,466,191,473.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Foundation Mastercard sold 131,000 shares of the stock in a transaction on 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 directly owns 92,426,308 shares in the company, valued at $42,466,191,473.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 605,124 shares of company stock worth $280,045,189. Insiders own 0.10% of the company’s stock.

Mastercard Stock Down 0.4 %

NYSE MA opened at $493.01 on Friday. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $501.80. The stock has a market capitalization of $458.31 billion, a PE ratio of 39.19, a PEG ratio of 1.92 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The business has a fifty day moving average price of $465.19 and a two-hundred day moving average price of $460.98.

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

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Wednesday, October 9th. Mastercard’s payout ratio is 20.99%.

About Mastercard

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.