Talbot Financial LLC Has $7.41 Million Position in Mastercard Incorporated (NYSE:MA)

Talbot Financial LLC lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 15,376 shares of the credit services provider’s stock after purchasing an additional 276 shares during the period. Talbot Financial LLC’s holdings in Mastercard were worth $7,405,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Mastercard by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock worth $32,096,470,000 after purchasing an additional 742,076 shares during the last quarter. Capital International Investors grew its holdings in shares of Mastercard by 3.3% during the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock worth $8,974,478,000 after purchasing an additional 676,452 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Mastercard by 4.7% during the fourth quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock worth $5,803,956,000 after purchasing an additional 605,909 shares during the last quarter. Norges Bank bought a new stake in shares of Mastercard during the fourth quarter worth $4,595,559,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of Mastercard by 5.9% during the third quarter. Ameriprise Financial Inc. now owns 5,510,259 shares of the credit services provider’s stock worth $2,181,964,000 after purchasing an additional 306,663 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Down 0.8 %

Shares of NYSE:MA traded down $3.55 during trading on Monday, hitting $437.61. 3,149,173 shares of the company’s stock traded hands, compared to its average volume of 2,466,282. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $490.00. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The company has a market cap of $406.81 billion, a price-to-earnings ratio of 34.79, a price-to-earnings-growth ratio of 1.72 and a beta of 1.09. The company has a 50-day moving average price of $451.50 and a 200-day moving average price of $453.31.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. During the same quarter in the previous year, the business posted $2.80 EPS. Mastercard’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, research analysts forecast that Mastercard Incorporated will post 14.26 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Susquehanna restated a “positive” rating and set a $535.00 target price on shares of Mastercard in a report on Wednesday, April 3rd. Morgan Stanley lowered their price objective on Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Evercore ISI lowered their price objective on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. TD Cowen assumed coverage on Mastercard in a research report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered their price objective on Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $496.91.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 138,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the sale, the insider now owns 92,152,308 shares in the company, valued at approximately $41,762,504,462.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Raj Seshadri sold 5,216 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $446.71, for a total transaction of $2,330,039.36. Following the sale, the insider now owns 15,183 shares in the company, valued at approximately $6,782,397.93. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 138,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total value of $62,540,220.00. Following the sale, the insider now owns 92,152,308 shares in the company, valued at approximately $41,762,504,462.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,163,228 shares of company stock worth $1,428,540,870. Corporate insiders own 0.10% of the company’s stock.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.