DE Burlo Group Inc. Has $2,011,000 Position in Mastercard Incorporated (MA)

DE Burlo Group Inc. held its stake in shares of Mastercard Incorporated (NYSE:MA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,560 shares of the credit services provider’s stock at the close of the 2nd quarter. DE Burlo Group Inc.’s holdings in Mastercard were worth $2,011,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of MA. Vanguard Group Inc. boosted its stake in Mastercard by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock valued at $7,176,378,000 after purchasing an additional 1,814,116 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Mastercard by 22,644.6% during the 1st quarter. Clearbridge Investments LLC now owns 1,685,146 shares of the credit services provider’s stock valued at $189,528,000 after purchasing an additional 1,677,737 shares during the last quarter. Egerton Capital UK LLP boosted its stake in Mastercard by 60.6% during the 2nd quarter. Egerton Capital UK LLP now owns 3,923,766 shares of the credit services provider’s stock valued at $476,541,000 after purchasing an additional 1,480,425 shares during the last quarter. Swiss National Bank boosted its stake in Mastercard by 24.6% during the 1st quarter. Swiss National Bank now owns 3,660,220 shares of the credit services provider’s stock valued at $411,665,000 after purchasing an additional 722,600 shares during the last quarter. Finally, TCW Group Inc. boosted its stake in Mastercard by 1,000.9% during the 1st quarter. TCW Group Inc. now owns 783,757 shares of the credit services provider’s stock valued at $88,149,000 after purchasing an additional 712,562 shares during the last quarter. Institutional investors and hedge funds own 76.05% of the company’s stock.

Several brokerages have commented on MA. BidaskClub upgraded Mastercard from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Guggenheim upgraded Mastercard from a “neutral” rating to a “buy” rating and raised their price target for the stock from $135.00 to $153.00 in a research note on Monday, September 11th. Citigroup Inc. raised their price target on Mastercard from $123.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, June 19th. Mizuho restated a “hold” rating and issued a $140.00 price target on shares of Mastercard in a research note on Thursday. Finally, BMO Capital Markets raised their price target on Mastercard from $126.00 to $137.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $144.18.

In related news, Director Richard Haythornthwaite sold 5,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $142.51, for a total transaction of $712,550.00. Following the completion of the transaction, the director now owns 45,278 shares in the company, valued at approximately $6,452,567.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 14,200 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the transaction, the insider now owns 40,646 shares of the company’s stock, valued at approximately $5,766,041.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 869,668 shares of company stock worth $112,301,656. Corporate insiders own 0.30% of the company’s stock.

Shares of Mastercard Incorporated (NYSE MA) opened at 146.74 on Friday. The company has a market capitalization of $156.26 billion, a PE ratio of 36.41 and a beta of 1.18. The firm’s 50-day moving average price is $139.61 and its 200-day moving average price is $126.21. Mastercard Incorporated has a 12-month low of $99.51 and a 12-month high of $148.16.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period in the prior year, the company posted $0.96 EPS. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, analysts expect that Mastercard Incorporated will post $4.44 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Friday, October 6th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Thursday, October 5th. Mastercard’s payout ratio is currently 21.78%.

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Mastercard Company Profile

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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