LFA Lugano Financial Advisors SA Purchases Shares of 4,865 Mastercard Inc (MA)

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LFA Lugano Financial Advisors SA purchased a new stake in Mastercard Inc (NYSE:MA) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,865 shares of the credit services provider’s stock, valued at approximately $1,083,000. Mastercard accounts for 0.8% of LFA Lugano Financial Advisors SA’s holdings, making the stock its 27th biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of MA. Baxter Bros Inc. grew its holdings in shares of Mastercard by 1.2% during the 3rd quarter. Baxter Bros Inc. now owns 23,002 shares of the credit services provider’s stock worth $5,120,000 after purchasing an additional 280 shares during the period. Montecito Bank & Trust grew its holdings in shares of Mastercard by 33.9% during the 3rd quarter. Montecito Bank & Trust now owns 2,715 shares of the credit services provider’s stock worth $604,000 after purchasing an additional 687 shares during the period. Iberiabank Corp grew its holdings in shares of Mastercard by 9.5% during the 3rd quarter. Iberiabank Corp now owns 16,658 shares of the credit services provider’s stock worth $3,708,000 after purchasing an additional 1,446 shares during the period. Clinton Group Inc. purchased a new stake in shares of Mastercard during the 3rd quarter worth about $2,125,000. Finally, DNB Asset Management AS grew its holdings in shares of Mastercard by 1.9% during the 3rd quarter. DNB Asset Management AS now owns 114,856 shares of the credit services provider’s stock worth $25,568,000 after purchasing an additional 2,162 shares during the period. Institutional investors own 74.36% of the company’s stock.

In other Mastercard news, CFO Martina Hundmejean sold 69,817 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $200.35, for a total value of $13,987,835.95. Following the transaction, the chief financial officer now directly owns 128,905 shares of the company’s stock, valued at approximately $25,826,116.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.32% of the company’s stock.

MA has been the subject of a number of research reports. Goldman Sachs Group upgraded Mastercard from a “buy” rating to a “conviction-buy” rating in a report on Monday, September 17th. Wells Fargo & Co boosted their target price on Mastercard from $211.00 to $227.00 and gave the stock an “outperform” rating in a report on Thursday, July 12th. Oppenheimer boosted their target price on Mastercard from $197.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday, July 17th. JPMorgan Chase & Co. boosted their target price on Mastercard from $202.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, July 27th. Finally, SunTrust Banks boosted their target price on Mastercard to $240.00 and gave the stock a “buy” rating in a report on Friday, July 27th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $215.12.

Shares of MA opened at $204.22 on Friday. Mastercard Inc has a 52-week low of $140.61 and a 52-week high of $225.35. The company has a market capitalization of $231.17 billion, a price-to-earnings ratio of 44.59, a price-to-earnings-growth ratio of 1.83 and a beta of 1.16. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.11.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 26th. The credit services provider reported $1.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.13. Mastercard had a return on equity of 103.82% and a net margin of 33.81%. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period in the prior year, the company posted $1.10 EPS. Mastercard’s quarterly revenue was up 20.0% on a year-over-year basis. Sell-side analysts expect that Mastercard Inc will post 6.41 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Tuesday, October 9th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Friday, October 5th. Mastercard’s payout ratio is 21.83%.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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