Quent Capital LLC Acquires 74 Shares of Mastercard Incorporated (NYSE:MA)

Quent Capital LLC raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 2.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,231 shares of the credit services provider’s stock after acquiring an additional 74 shares during the quarter. Quent Capital LLC’s holdings in Mastercard were worth $1,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank bought a new position in Mastercard in the fourth quarter valued at $3,308,223,000. Moneta Group Investment Advisors LLC increased its stake in Mastercard by 111,819.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,983,231 shares of the credit services provider’s stock valued at $2,080,549,000 after acquiring an additional 5,977,885 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Mastercard by 241.1% in the first quarter. Envestnet Asset Management Inc. now owns 4,791,626 shares of the credit services provider’s stock valued at $507,830,000 after acquiring an additional 3,386,762 shares during the last quarter. Morgan Stanley increased its stake in Mastercard by 17.7% in the fourth quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock valued at $5,509,328,000 after acquiring an additional 2,385,640 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Mastercard by 9.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,027,189 shares of the credit services provider’s stock valued at $9,398,165,000 after acquiring an additional 2,247,291 shares during the last quarter. Institutional investors own 74.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MA. 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. BMO Capital Markets upped their price target on shares of Mastercard from $463.00 to $488.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Robert W. Baird increased their target price on shares of Mastercard from $435.00 to $450.00 in a report on Friday, July 28th. Jefferies Financial Group increased their target price on shares of Mastercard from $460.00 to $475.00 and gave the stock a “buy” rating in a report on Friday. Finally, JPMorgan Chase & Co. increased their target price on shares of Mastercard from $442.00 to $510.00 and gave the stock an “overweight” rating in a report on Tuesday, August 22nd. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and an average target price of $442.83.

Mastercard Stock Up 0.2 %

Shares of MA stock traded up $0.97 during trading hours on Friday, hitting $414.31. 4,755,526 shares of the company’s stock traded hands, compared to its average volume of 2,688,428. The stock’s fifty day simple moving average is $401.47 and its two-hundred day simple moving average is $381.18. Mastercard Incorporated has a 12-month low of $276.87 and a 12-month high of $418.60. The stock has a market cap of $390.37 billion, a price-to-earnings ratio of 38.83, a PEG ratio of 1.87 and a beta of 1.10. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.57.

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

Mastercard Dividend Announcement

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

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Craig Vosburg sold 6,333 shares of the business’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $400.00, for a total transaction of $2,533,200.00. Following the completion of the sale, the insider now directly owns 46,491 shares in the company, valued at approximately $18,596,400. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, major shareholder Foundation Mastercard sold 125,816 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $391.39, for a total transaction of $49,243,124.24. Following the completion of the sale, the insider now owns 99,430,749 shares of the company’s stock, valued at approximately $38,916,200,851.11. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Craig Vosburg sold 6,333 shares of the business’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $400.00, for a total transaction of $2,533,200.00. Following the sale, the insider now directly owns 46,491 shares of the company’s stock, valued at approximately $18,596,400. The disclosure for this sale can be found here. In the last ninety days, insiders sold 407,267 shares of company stock worth $161,485,243. Insiders own 0.13% of the company’s stock.

Mastercard Company 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 other payment-related products and services.