Tremblant Capital Group Grows Position in Mastercard Incorporated (NYSE:MA)

Tremblant Capital Group increased its position in Mastercard Incorporated (NYSE:MA) by 46.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,028 shares of the credit services provider’s stock after purchasing an additional 1,282 shares during the quarter. Tremblant Capital Group’s holdings in Mastercard were worth $1,777,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hoxton Planning & Management LLC lifted its position in Mastercard by 1.4% during the first quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock valued at $788,000 after acquiring an additional 22 shares during the last quarter. Quilter Plc lifted its position in Mastercard by 2.8% during the second quarter. Quilter Plc now owns 801 shares of the credit services provider’s stock valued at $353,000 after acquiring an additional 22 shares during the last quarter. Carolinas Wealth Consulting LLC lifted its position in Mastercard by 5.0% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock valued at $206,000 after acquiring an additional 23 shares during the last quarter. Benin Management CORP lifted its position in Mastercard by 3.0% during the first quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock valued at $382,000 after acquiring an additional 23 shares during the last quarter. Finally, Atticus Wealth Management LLC lifted its position in Mastercard by 1.3% during the first quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock valued at $835,000 after acquiring an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.9 %

MA stock opened at $497.14 on Tuesday. The firm has a market cap of $462.15 billion, a PE ratio of 39.52, a P/E/G 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. The firm’s fifty day moving average is $467.31 and its 200 day moving average is $461.24. Mastercard Incorporated has a one year low of $359.77 and a one year high of $501.80.

Mastercard (NYSE:MA) last released its quarterly 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. The company had revenue of $6.96 billion for 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 forecast that Mastercard Incorporated will post 14.29 EPS for the current year.

Mastercard Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently commented on MA. Susquehanna increased their target price on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. Compass Point initiated coverage on shares of Mastercard in a research note on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price target on the stock. TD Cowen upped their price target on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, Barclays upped their price target on shares of Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Five equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and an average price target of $512.08.

Insider Buying and Selling at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 138,000 shares of the stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the transaction, the insider now directly owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the 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. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 138,000 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the completion of the transaction, the insider now directly owns 92,152,308 shares in the company, valued at $41,762,504,462.52. The disclosure for this sale can be found here. Insiders have sold a total of 478,809 shares of company stock valued at $222,150,923 over the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Mastercard Company 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.