Sandy Spring Bank Reduces Holdings in Mastercard Incorporated (MA)

Sandy Spring Bank reduced its position in Mastercard Incorporated (NYSE:MA) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,410 shares of the credit services provider’s stock after selling 350 shares during the period. Sandy Spring Bank’s holdings in Mastercard were worth $6,244,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. American Beacon Advisors Inc. acquired a new position in shares of Mastercard during the 1st quarter valued at about $100,000. Chicago Partners Investment Group LLC increased its holdings in shares of Mastercard by 1,365.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 874 shares during the last quarter. Thompson Davis & CO. Inc. increased its holdings in shares of Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 546 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in shares of Mastercard by 108.2% during the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after acquiring an additional 464 shares during the last quarter. Finally, Norway Savings Bank increased its holdings in shares of Mastercard by 1.1% during the 2nd quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock valued at $117,000 after acquiring an additional 10 shares during the last quarter. 76.21% of the stock is currently owned by institutional investors.

Mastercard Incorporated (NYSE MA) opened at $149.95 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $158,471.11, a P/E ratio of 34.73, a P/E/G ratio of 1.99 and a beta of 1.21. Mastercard Incorporated has a 52-week low of $99.51 and a 52-week high of $152.00.

Mastercard (NYSE:MA) last posted its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.11. The business had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. Mastercard’s revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the company earned $1.08 EPS. analysts forecast that Mastercard Incorporated will post 4.54 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Friday, October 6th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.59%. Mastercard’s dividend payout ratio (DPR) is presently 20.47%.

A number of brokerages have recently commented on MA. Guggenheim raised Mastercard from a “neutral” rating to a “buy” rating and increased their price objective for the company from $135.00 to $153.00 in a report on Monday, September 11th. BidaskClub lowered Mastercard from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Mizuho reissued a “hold” rating and set a $140.00 price objective on shares of Mastercard in a report on Thursday, October 12th. BMO Capital Markets increased their price objective on Mastercard from $126.00 to $137.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Finally, Barclays PLC increased their price objective on Mastercard from $142.00 to $148.00 and gave the company an “overweight” rating in a report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-eight have given a buy rating to the company. Mastercard has an average rating of “Buy” and an average price target of $157.68.

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In related news, insider Craig Vosburg sold 14,200 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider now directly owns 40,646 shares of the company’s stock, valued at approximately $5,766,041.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Fraccaro sold 5,800 shares of the firm’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $147.59, for a total value of $856,022.00. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock valued at $3,582,984 in the last 90 days. 0.30% of the stock is owned by corporate insiders.

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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