Capricorn Fund Managers Ltd Sells 803 Shares of Mastercard Incorporated (NYSE:MA)

Capricorn Fund Managers Ltd cut its holdings in Mastercard Incorporated (NYSE:MA) by 51.0% during the second quarter, Holdings Channel reports. The institutional investor owned 773 shares of the credit services provider’s stock after selling 803 shares during the quarter. Capricorn Fund Managers Ltd’s holdings in Mastercard were worth $304,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MA. Financial Connections Group Inc. bought a new position in shares of Mastercard in the fourth quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL purchased a new position in Mastercard in the 1st quarter worth approximately $25,000. Delta Asset Management LLC TN bought a new position in Mastercard in the 4th quarter valued at approximately $26,000. Creative Capital Management Investments LLC purchased a new stake in Mastercard during the 1st quarter valued at $30,000. Finally, Quarry LP bought a new stake in shares of Mastercard in the 1st quarter worth $40,000. Institutional investors own 74.94% of the company’s stock.

Insiders Place Their Bets

In other Mastercard news, insider Ajay Bhalla sold 4,000 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $413.88, for a total transaction of $1,655,520.00. Following the sale, the insider now owns 6,235 shares in the company, valued at approximately $2,580,541.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO J. Mehra Sachin sold 10,838 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $394.38, for a total transaction of $4,274,290.44. Following the sale, the chief financial officer now directly owns 20,707 shares in the company, valued at approximately $8,166,426.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ajay Bhalla sold 4,000 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $413.88, for a total transaction of $1,655,520.00. Following the transaction, the insider now owns 6,235 shares of the company’s stock, valued at $2,580,541.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 415,267 shares of company stock valued at $164,793,283. Insiders own 0.13% of the company’s stock.

Mastercard Trading Up 0.7 %

Shares of MA opened at $417.13 on Tuesday. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $393.02 billion, a price-to-earnings ratio of 39.09, a PEG ratio of 1.86 and a beta of 1.10. The company has a 50-day moving average of $401.97 and a 200 day moving average of $381.97. Mastercard Incorporated has a 1-year low of $276.87 and a 1-year high of $418.60.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 27th. The credit services provider reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.05. The business had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $6.18 billion. Mastercard had a return on equity of 178.10% and a net margin of 43.37%. The business’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.56 EPS. On average, research analysts expect that Mastercard Incorporated will post 12.13 EPS for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Friday, July 7th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 0.55%. The ex-dividend date was Thursday, July 6th. Mastercard’s dividend payout ratio is presently 21.37%.

Analyst Upgrades and Downgrades

MA has been the topic of several research analyst reports. 888 restated a “reiterates” rating on shares of Mastercard in a research note on Friday, June 30th. Bank of America upped their price target on shares of Mastercard from $438.00 to $442.00 in a research report on Tuesday, July 18th. Mizuho reiterated a “buy” rating and set a $435.00 target price on shares of Mastercard in a research report on Tuesday, August 29th. JPMorgan Chase & Co. raised their price objective on Mastercard from $442.00 to $510.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 22nd. Finally, Wells Fargo & Company boosted their price objective on Mastercard from $425.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $442.83.

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 other payment-related products and services.