Quarry LP Invests $147,000 in Mastercard Incorporated (NYSE:MA)

Quarry LP acquired a new position in shares of Mastercard Incorporated (NYSE:MA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 334 shares of the credit services provider’s stock, valued at approximately $147,000.

Several other large investors also recently made changes to their positions in the stock. Hoxton Planning & Management LLC lifted its position in shares of Mastercard by 1.4% in the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after purchasing an additional 22 shares during the period. Quilter Plc lifted its position in shares of Mastercard by 2.8% during the 2nd 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 period. Benin Management CORP lifted its position in shares of Mastercard by 3.0% during the 1st 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 period. Atticus Wealth Management LLC lifted its position in shares of Mastercard by 1.3% during the 1st 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 period. Finally, Strategic Advisors LLC lifted its position in shares of Mastercard by 0.3% during the 1st quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock valued at $3,314,000 after acquiring an additional 23 shares during the period. Institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction dated 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 $12,423,320. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MA. TD Cowen boosted their target price on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Barclays boosted their target price on shares of Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. BMO Capital Markets restated an “outperform” rating and set a $520.00 price target on shares of Mastercard in a research note on Wednesday, August 14th. Finally, Argus upgraded shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and a consensus target price of $513.70.

Mastercard Price Performance

MA opened at $493.80 on Tuesday. The firm has a market cap of $459.04 billion, a P/E ratio of 39.25, a PEG ratio of 1.96 and a beta of 1.10. The firm has a 50-day moving average of $471.70 and a 200 day moving average of $461.86. 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 fifty-two week low of $359.77 and a fifty-two week high of $501.80.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating 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 expect that Mastercard Incorporated will post 14.29 EPS for the current year.

Mastercard Dividend Announcement

The business 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 payout ratio is currently 20.99%.

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.