DSM Capital Partners LLC Sells 10,590 Shares of Mastercard Incorporated (NYSE:MA)

DSM Capital Partners LLC reduced its position in shares of Mastercard Incorporated (NYSE:MA) by 3.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 333,373 shares of the credit services provider’s stock after selling 10,590 shares during the quarter. Mastercard makes up about 2.1% of DSM Capital Partners LLC’s holdings, making the stock its 18th biggest holding. DSM Capital Partners LLC’s holdings in Mastercard were worth $131,116,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Naviter Wealth LLC raised its holdings in Mastercard by 31.1% in the 2nd quarter. Naviter Wealth LLC now owns 4,582 shares of the credit services provider’s stock worth $1,802,000 after purchasing an additional 1,087 shares in the last quarter. ARS Wealth Advisors Group LLC raised its holdings in Mastercard by 0.7% in the 2nd quarter. ARS Wealth Advisors Group LLC now owns 24,680 shares of the credit services provider’s stock worth $9,707,000 after purchasing an additional 173 shares in the last quarter. Klingman & Associates LLC raised its holdings in Mastercard by 5.9% in the 2nd quarter. Klingman & Associates LLC now owns 7,433 shares of the credit services provider’s stock worth $2,923,000 after purchasing an additional 411 shares in the last quarter. Fragasso Group Inc. raised its holdings in Mastercard by 12.9% in the 2nd quarter. Fragasso Group Inc. now owns 1,115 shares of the credit services provider’s stock worth $438,000 after purchasing an additional 127 shares in the last quarter. Finally, Old North State Trust LLC raised its holdings in Mastercard by 5.8% in the 1st quarter. Old North State Trust LLC now owns 1,336 shares of the credit services provider’s stock worth $486,000 after purchasing an additional 73 shares in the last quarter. 74.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 125,816 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $377.45, for a total value of $47,489,249.20. Following the transaction, the insider now owns 98,424,221 shares of the company’s stock, valued at $37,150,222,216.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Mastercard news, insider Timothy H. Murphy sold 7,419 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $397.28, for a total transaction of $2,947,420.32. Following the sale, the insider now owns 39,007 shares in the company, valued at approximately $15,496,700.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 125,816 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $377.45, for a total transaction of $47,489,249.20. Following the sale, the insider now owns 98,424,221 shares in the company, valued at approximately $37,150,222,216.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 533,424 shares of company stock valued at $206,051,295. 0.13% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MA. BMO Capital Markets decreased their price objective on shares of Mastercard from $488.00 to $472.00 and set an “outperform” rating for the company in a report on Friday, October 27th. Royal Bank of Canada decreased their price target on shares of Mastercard from $441.00 to $432.00 and set an “outperform” rating for the company in a research note on Friday, October 27th. Citigroup increased their price target on shares of Mastercard from $440.00 to $455.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. Credit Suisse Group increased their price target on shares of Mastercard from $400.00 to $430.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Finally, HSBC assumed coverage on shares of Mastercard in a research note on Friday, October 13th. They issued a “hold” rating and a $424.00 price target for the company. Two investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $450.09.

Mastercard Stock Performance

Shares of NYSE MA traded up $2.66 during trading on Tuesday, reaching $407.06. 394,517 shares of the company traded hands, compared to its average volume of 2,644,827. The firm has a 50 day simple moving average of $394.96 and a 200-day simple moving average of $391.86. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.24. The stock has a market capitalization of $381.73 billion, a PE ratio of 35.52, a P/E/G ratio of 1.79 and a beta of 1.08. Mastercard Incorporated has a 52-week low of $336.43 and a 52-week high of $418.60.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 26th. The credit services provider reported $3.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.21 by $0.18. The firm had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.53 billion. Mastercard had a net margin of 44.85% and a return on equity of 188.83%. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.68 EPS. Equities research analysts anticipate that Mastercard Incorporated will post 12.16 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Monday, October 9th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Thursday, October 5th. Mastercard’s payout ratio is 19.86%.

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.