Morris Capital Advisors LLC Has $2.39 Million Position in Mastercard Incorporated (NYSE:MA)

Morris Capital Advisors LLC increased its position in shares of Mastercard Incorporated (NYSE:MAGet Rating) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,573 shares of the credit services provider’s stock after acquiring an additional 128 shares during the quarter. Mastercard comprises about 2.1% of Morris Capital Advisors LLC’s investment portfolio, making the stock its 26th largest position. Morris Capital Advisors LLC’s holdings in Mastercard were worth $2,389,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MA. Norges Bank acquired a new position in shares of Mastercard during the fourth quarter valued at $3,107,220,000. Vanguard Group Inc. lifted its stake in Mastercard by 8.4% in the first quarter. Vanguard Group Inc. now owns 76,021,301 shares of the credit services provider’s stock valued at $27,168,493,000 after buying an additional 5,868,493 shares during the period. Wellington Management Group LLP lifted its stake in Mastercard by 47.5% in the first quarter. Wellington Management Group LLP now owns 15,686,480 shares of the credit services provider’s stock valued at $5,606,033,000 after buying an additional 5,053,394 shares during the period. Lone Pine Capital LLC acquired a new position in Mastercard in the fourth quarter valued at about $1,732,927,000. Finally, Aaron Wealth Advisors LLC lifted its stake in Mastercard by 35,248.8% in the first quarter. Aaron Wealth Advisors LLC now owns 2,791,495 shares of the credit services provider’s stock valued at $7,811,000 after buying an additional 2,783,598 shares during the period. Institutional investors and hedge funds own 75.10% of the company’s stock.

Analyst Ratings Changes

MA has been the topic of several analyst reports. Macquarie cut their target price on Mastercard from $440.00 to $410.00 in a research note on Friday, July 29th. Morgan Stanley increased their price target on Mastercard from $452.00 to $457.00 and gave the stock an “overweight” rating in a report on Friday, July 29th. Susquehanna Bancshares lowered their price target on Mastercard from $430.00 to $400.00 and set a “positive” rating for the company in a report on Friday, July 29th. Mizuho increased their price target on Mastercard from $375.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Finally, Tigress Financial restated a “buy” rating and issued a $472.00 price target on shares of Mastercard in a report on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and an average price target of $414.09.

Mastercard Stock Down 1.5 %

Shares of NYSE:MA traded down $4.40 during mid-day trading on Friday, reaching $293.96. 174,008 shares of the stock were exchanged, compared to its average volume of 2,266,435. The stock’s 50 day simple moving average is $338.13 and its 200-day simple moving average is $340.44. Mastercard Incorporated has a one year low of $296.59 and a one year high of $399.92. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 2.20. The company has a market cap of $284.08 billion, a P/E ratio of 29.66, a P/E/G ratio of 1.41 and a beta of 1.06.

Mastercard (NYSE:MAGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The credit services provider reported $2.56 EPS for the quarter, beating the consensus estimate of $2.36 by $0.20. Mastercard had a return on equity of 143.35% and a net margin of 46.49%. The firm had revenue of $5.50 billion during the quarter, compared to analysts’ expectations of $5.26 billion. During the same period in the prior year, the firm posted $1.95 earnings per share. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. As a group, equities research analysts predict that Mastercard Incorporated will post 10.63 EPS for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 9th. Investors of record on Friday, October 7th will be given a dividend of $0.49 per share. The ex-dividend date is Thursday, October 6th. This represents a $1.96 annualized dividend and a yield of 0.67%. Mastercard’s dividend payout ratio (DPR) is presently 19.86%.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 5,000 shares of the stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $360.00, for a total transaction of $1,800,000.00. Following the completion of the transaction, the chief financial officer now directly owns 15,723 shares of the company’s stock, valued at $5,660,280. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.29% of the company’s stock.

Mastercard Company Profile

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAGet Rating).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.