Bryn Mawr Capital Management LLC Trims Stake in Mastercard Incorporated (NYSE:MA)

Bryn Mawr Capital Management LLC lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 8.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 13,554 shares of the credit services provider’s stock after selling 1,222 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Mastercard were worth $5,781,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of MA. Boston Trust Walden Corp boosted its stake in Mastercard by 1.3% during the third quarter. Boston Trust Walden Corp now owns 6,411 shares of the credit services provider’s stock worth $2,538,000 after acquiring an additional 85 shares in the last quarter. Strategic Blueprint LLC boosted its stake in Mastercard by 4.5% during the third quarter. Strategic Blueprint LLC now owns 3,754 shares of the credit services provider’s stock worth $1,486,000 after acquiring an additional 161 shares in the last quarter. Capital Advisory Group Advisory Services LLC bought a new stake in Mastercard during the third quarter worth about $207,000. CX Institutional boosted its stake in Mastercard by 142.2% during the third quarter. CX Institutional now owns 19,395 shares of the credit services provider’s stock worth $7,679,000 after acquiring an additional 11,388 shares in the last quarter. Finally, Coastline Trust Co boosted its stake in Mastercard by 1.5% during the third quarter. Coastline Trust Co now owns 16,094 shares of the credit services provider’s stock worth $6,372,000 after acquiring an additional 233 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the topic of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of Mastercard from $504.00 to $520.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Oppenheimer reiterated an “outperform” rating and set a $510.00 price target on shares of Mastercard in a report on Thursday, February 1st. Wells Fargo & Company increased their price target on shares of Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. KeyCorp increased their price target on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Finally, Susquehanna reiterated a “positive” rating and set a $535.00 price target on shares of Mastercard in a report on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $490.23.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $462.78, for a total value of $50,443,020.00. Following the transaction, the insider now directly owns 96,996,308 shares in the company, valued at $44,887,951,416.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Michael Miebach sold 7,851 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the sale, the chief executive officer now directly owns 47,640 shares in the company, valued at approximately $22,672,828.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $462.78, for a total transaction of $50,443,020.00. Following the sale, the insider now owns 96,996,308 shares in the company, valued at $44,887,951,416.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 366,630 shares of company stock worth $168,746,490. Company insiders own 0.13% of the company’s stock.

Mastercard Stock Up 0.1 %

MA opened at $462.42 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06. Mastercard Incorporated has a 1-year low of $357.85 and a 1-year high of $490.00. The company has a market capitalization of $431.39 billion, a PE ratio of 39.09, a PEG ratio of 1.75 and a beta of 1.08. The firm’s 50 day simple moving average is $471.35 and its two-hundred day simple moving average is $436.10.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The business had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same period last year, the firm earned $2.65 earnings per share. As a group, equities analysts forecast that Mastercard Incorporated will post 14.35 EPS for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be given a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 annualized dividend and a yield of 0.57%. Mastercard’s payout ratio is presently 22.32%.

Mastercard Profile

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.