Fort L.P. purchased a new stake in shares of Mastercard Inc (NYSE:MA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 609 shares of the credit services provider’s stock, valued at approximately $120,000.

Several other hedge funds have also recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd grew its stake in Mastercard by 8.8% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 3,213 shares of the credit services provider’s stock worth $631,000 after buying an additional 259 shares during the last quarter. Price Wealth Management Inc. grew its stake in shares of Mastercard by 3.9% in the second quarter. Price Wealth Management Inc. now owns 7,067 shares of the credit services provider’s stock worth $1,389,000 after purchasing an additional 267 shares in the last quarter. Raymond James Trust N.A. grew its stake in shares of Mastercard by 1.9% in the second quarter. Raymond James Trust N.A. now owns 14,154 shares of the credit services provider’s stock worth $2,782,000 after purchasing an additional 268 shares in the last quarter. Cetera Advisors LLC grew its stake in shares of Mastercard by 10.3% in the first quarter. Cetera Advisors LLC now owns 2,916 shares of the credit services provider’s stock worth $510,000 after purchasing an additional 272 shares in the last quarter. Finally, Sather Financial Group Inc grew its stake in shares of Mastercard by 0.4% in the first quarter. Sather Financial Group Inc now owns 61,189 shares of the credit services provider’s stock worth $10,718,000 after purchasing an additional 272 shares in the last quarter. 74.43% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO Martina Hundmejean sold 69,817 shares of the company’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $200.35, for a total transaction of $13,987,835.95. Following the completion of the sale, the chief financial officer now directly owns 128,905 shares of the company’s stock, valued at $25,826,116.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.32% of the company’s stock.

Several research analysts have recently issued reports on MA shares. Zacks Investment Research cut Mastercard from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 25th. Wells Fargo & Co reissued a “buy” rating on shares of Mastercard in a research note on Wednesday, May 30th. Buckingham Research increased their price target on Mastercard from $194.00 to $222.00 and gave the stock a “buy” rating in a research note on Tuesday, June 26th. Oppenheimer increased their price target on Mastercard from $197.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 17th. Finally, Wolfe Research started coverage on Mastercard in a research note on Tuesday, July 17th. They issued an “outperform” rating for the company. Four equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Mastercard currently has a consensus rating of “Buy” and a consensus price target of $208.56.

Shares of MA stock opened at $216.47 on Tuesday. Mastercard Inc has a fifty-two week low of $137.75 and a fifty-two week high of $219.98. The stock has a market cap of $222.26 billion, a P/E ratio of 47.26, a PEG ratio of 1.76 and a beta of 1.19. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.11.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 26th. The credit services provider reported $1.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.13. Mastercard had a return on equity of 103.82% and a net margin of 33.81%. The business had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter last year, the business posted $1.10 earnings per share. The company’s quarterly revenue was up 20.0% on a year-over-year basis. sell-side analysts predict that Mastercard Inc will post 6.41 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Tuesday, October 9th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.46%. Mastercard’s dividend payout ratio is currently 21.83%.

Mastercard 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 related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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