Teamwork Financial Advisors LLC Boosts Stake in Mastercard Incorporated (NYSE:MA)

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Teamwork Financial Advisors LLC raised its position in shares of Mastercard Incorporated (NYSE:MA) by 15.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,502 shares of the credit services provider’s stock after acquiring an additional 1,396 shares during the period. Mastercard makes up 1.1% of Teamwork Financial Advisors LLC’s portfolio, making the stock its 13th biggest position. Teamwork Financial Advisors LLC’s holdings in Mastercard were worth $3,551,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Strategic Blueprint LLC grew its position in Mastercard by 2.5% during the second quarter. Strategic Blueprint LLC now owns 1,414 shares of the credit services provider’s stock valued at $418,000 after acquiring an additional 34 shares during the period. Keudell Morrison Wealth Management boosted its position in shares of Mastercard by 1.8% in the second quarter. Keudell Morrison Wealth Management now owns 1,959 shares of the credit services provider’s stock worth $579,000 after buying an additional 35 shares during the period. Mitchell Sinkler & Starr PA boosted its position in shares of Mastercard by 0.8% in the second quarter. Mitchell Sinkler & Starr PA now owns 4,600 shares of the credit services provider’s stock worth $1,360,000 after buying an additional 35 shares during the period. 10 15 Associates Inc. boosted its position in shares of Mastercard by 2.9% in the second quarter. 10 15 Associates Inc. now owns 1,233 shares of the credit services provider’s stock worth $365,000 after buying an additional 35 shares during the period. Finally, Sargent Investment Group LLC boosted its position in shares of Mastercard by 1.0% in the second quarter. Sargent Investment Group LLC now owns 3,401 shares of the credit services provider’s stock worth $1,024,000 after buying an additional 35 shares during the period. 73.72% of the stock is owned by hedge funds and other institutional investors.

In related news, major shareholder Foundation Mastercard sold 68,670 shares of the stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $308.54, for a total value of $21,187,441.80. Following the completion of the transaction, the insider now directly owns 109,933,814 shares of the company’s stock, valued at approximately $33,918,978,971.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Fraccaro sold 3,458 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $350.00, for a total value of $1,210,300.00. Following the completion of the transaction, the insider now directly owns 5,147 shares of the company’s stock, valued at $1,801,450. The disclosure for this sale can be found here. Insiders have sold 263,465 shares of company stock valued at $83,297,010 over the last ninety days. Corporate insiders own 3.79% of the company’s stock.

Several equities research analysts have recently weighed in on MA shares. Royal Bank of Canada reaffirmed a “buy” rating on shares of Mastercard in a research report on Sunday, October 11th. Daiwa Capital Markets reaffirmed a “neutral” rating and issued a $314.00 target price on shares of Mastercard in a research report on Tuesday, July 21st. Compass Point upped their target price on Mastercard from $330.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Bank of America upped their target price on Mastercard from $324.00 to $358.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. Finally, KeyCorp boosted their price target on Mastercard from $300.00 to $340.00 and gave the stock a “positive” rating in a research note on Monday, August 3rd. Five analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $347.81.

NYSE MA traded up $0.83 on Friday, hitting $339.40. 3,326,354 shares of the stock traded hands, compared to its average volume of 4,906,209. The company has a market capitalization of $339.76 billion, a P/E ratio of 46.94, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. The stock has a 50-day moving average of $341.23 and a 200 day moving average of $305.61. Mastercard Incorporated has a twelve month low of $199.99 and a twelve month high of $367.25. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.92.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 30th. The credit services provider reported $1.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.21. The company had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.26 billion. Mastercard had a return on equity of 129.52% and a net margin of 45.12%. The business’s revenue was down 19.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.89 earnings per share. As a group, equities research analysts expect that Mastercard Incorporated will post 6.62 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Friday, October 9th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Thursday, October 8th. Mastercard’s dividend payout ratio (DPR) is presently 20.59%.

Mastercard Profile

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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