Mastercard Incorporated (NYSE:MA) is Threadgill Financial LLC’s 2nd Largest Position

Threadgill Financial LLC increased its holdings in shares of Mastercard Incorporated (NYSE:MAFree Report) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,090 shares of the credit services provider’s stock after acquiring an additional 59 shares during the period. Mastercard makes up approximately 9.2% of Threadgill Financial LLC’s portfolio, making the stock its 2nd biggest holding. Threadgill Financial LLC’s holdings in Mastercard were worth $8,010,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

MA has been the topic of a number of research reports. BMO Capital Markets increased their target price on Mastercard from $463.00 to $488.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Jefferies Financial Group increased their target price on Mastercard from $460.00 to $475.00 and gave the company a “buy” rating in a research note on Friday. Credit Suisse Group raised their price objective on Mastercard from $400.00 to $430.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. 888 restated a “reiterates” rating on shares of Mastercard in a research note on Friday, June 30th. Finally, StockNews.com began coverage on Mastercard in a research report on Thursday, August 17th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $442.83.

Get Our Latest Report on MA

Insider Activity

In other news, major shareholder Foundation Mastercard sold 125,816 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $391.39, for a total value of $49,243,124.24. Following the sale, the insider now directly owns 99,430,749 shares in the company, valued at approximately $38,916,200,851.11. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Hai Ling sold 3,324 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $415.00, for a total value of $1,379,460.00. Following the transaction, the insider now directly owns 17,577 shares of the company’s stock, valued at approximately $7,294,455. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 125,816 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $391.39, for a total value of $49,243,124.24. Following the completion of the transaction, the insider now directly owns 99,430,749 shares in the company, valued at $38,916,200,851.11. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 415,267 shares of company stock worth $164,793,283. Company insiders own 0.13% of the company’s stock.

Mastercard Stock Down 0.9 %

MA traded down $3.94 during trading on Tuesday, reaching $413.19. 291,732 shares of the stock traded hands, compared to its average volume of 2,669,866. Mastercard Incorporated has a fifty-two week low of $276.87 and a fifty-two week high of $418.60. The stock’s 50-day simple moving average is $401.97 and its two-hundred day simple moving average is $381.97. The stock has a market cap of $389.31 billion, a price-to-earnings ratio of 39.09, a price-to-earnings-growth ratio of 1.86 and a beta of 1.10. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.13 and a quick ratio of 1.13.

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

Mastercard Announces Dividend

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

About Mastercard

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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