Mastercard Incorporated (NYSE:MA) Stock Position Reduced by Threadgill Financial LLC

Threadgill Financial LLC trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,205 shares of the credit services provider’s stock after selling 236 shares during the period. Mastercard accounts for about 9.8% of Threadgill Financial LLC’s holdings, making the stock its 3rd largest holding. Threadgill Financial LLC’s holdings in Mastercard were worth $16,397,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Swedbank AB acquired a new stake in shares of Mastercard during the first quarter worth about $660,652,000. PineStone Asset Management Inc. raised its stake in shares of Mastercard by 145.6% during the second quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock worth $784,148,000 after purchasing an additional 1,053,616 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Mastercard by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock worth $32,096,470,000 after purchasing an additional 742,076 shares during the period. Manning & Napier Advisors LLC purchased a new position in Mastercard in the 2nd quarter valued at $259,071,000. Finally, Global Assets Advisory LLC acquired a new position in Mastercard in the 1st quarter valued at $203,198,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Performance

NYSE:MA opened at $491.30 on Tuesday. The firm has a market capitalization of $456.72 billion, a PE ratio of 39.05, a price-to-earnings-growth ratio of 1.96 and a beta of 1.10. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $501.80. The firm has a 50-day moving average price of $476.54 and a 200 day moving average price of $462.27.

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

Mastercard Announces Dividend

The business 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 dividend of $0.66 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.54%. Mastercard’s dividend payout ratio (DPR) is currently 20.99%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Evercore ISI reduced their price objective on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Oppenheimer started coverage on Mastercard in a report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price objective on the stock. Royal Bank of Canada raised their target price on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. TD Cowen upped their price target on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, KeyCorp raised their price objective on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $517.22.

Insider Activity at Mastercard

In other news, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the sale, the insider now owns 92,033,308 shares in the company, valued at $43,113,923,465.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard 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 transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the transaction, the insider now owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 340,809 shares of company stock valued at $159,610,703 over the last quarter. Corporate insiders own 0.10% of the company’s stock.

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.