Bridgecreek Investment Management LLC Has $11.36 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Bridgecreek Investment Management LLC decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 33,582 shares of the credit services provider’s stock after selling 180 shares during the period. Mastercard makes up 2.0% of Bridgecreek Investment Management LLC’s holdings, making the stock its 16th biggest holding. Bridgecreek Investment Management LLC’s holdings in Mastercard were worth $11,357,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Weil Company Inc. lifted its position in Mastercard by 2.0% during the 3rd quarter. Weil Company Inc. now owns 1,551 shares of the credit services provider’s stock worth $524,000 after buying an additional 31 shares in the last quarter. Professional Financial Advisors LLC grew its position in Mastercard by 1.4% in the third quarter. Professional Financial Advisors LLC now owns 2,293 shares of the credit services provider’s stock valued at $662,000 after acquiring an additional 32 shares during the last quarter. 10 15 Associates Inc. grew its position in Mastercard by 2.9% in the second quarter. 10 15 Associates Inc. now owns 1,233 shares of the credit services provider’s stock valued at $365,000 after acquiring an additional 35 shares during the last quarter. Sargent Investment Group LLC grew its position in Mastercard by 1.0% in the second quarter. Sargent Investment Group LLC now owns 3,401 shares of the credit services provider’s stock valued at $1,024,000 after acquiring an additional 35 shares during the last quarter. Finally, Fort Pitt Capital Group LLC grew its position in Mastercard by 1.2% in the second quarter. Fort Pitt Capital Group LLC now owns 3,021 shares of the credit services provider’s stock valued at $893,000 after acquiring an additional 35 shares during the last quarter. Institutional investors and hedge funds own 73.72% of the company’s stock.

MA traded down $5.11 during trading on Monday, hitting $333.96. The company’s stock had a trading volume of 33,274 shares, compared to its average volume of 4,806,303. Mastercard Incorporated has a twelve month low of $199.99 and a twelve month high of $367.25. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 2.15. The stock’s fifty day moving average price is $327.35 and its 200-day moving average price is $318.74. The firm has a market capitalization of $338.03 billion, a P/E ratio of 50.47, a PEG ratio of 2.82 and a beta of 1.16.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, October 28th. The credit services provider reported $1.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.05). Mastercard had a net margin of 43.13% and a return on equity of 114.80%. The business had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.94 billion. Equities research analysts expect that Mastercard Incorporated will post 6.33 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 9th. Shareholders of record on Friday, October 9th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend was Thursday, October 8th. Mastercard’s dividend payout ratio (DPR) is presently 20.59%.

In other news, Director Richard Haythornthwaite sold 6,583 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $328.87, for a total transaction of $2,164,951.21. Following the transaction, the director now directly owns 27,432 shares of the company’s stock, valued at $9,021,561.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 30,100 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $335.86, for a total value of $10,109,386.00. Following the transaction, the insider now directly owns 109,697,713 shares in the company, valued at $36,843,073,888.18. The disclosure for this sale can be found here. Over the last three months, insiders sold 518,293 shares of company stock worth $164,577,086. Insiders own 3.79% of the company’s stock.

MA has been the topic of a number of recent analyst reports. KeyCorp decreased their target price on Mastercard from $365.00 to $325.00 and set an “overweight” rating on the stock in a research report on Monday, November 2nd. 140166 lifted their target price on Mastercard from $360.00 to $395.00 and gave the company a “positive” rating in a research report on Thursday, September 10th. Deutsche Bank Aktiengesellschaft lifted their target price on Mastercard from $320.00 to $383.00 and gave the company a “buy” rating in a research report on Tuesday, September 15th. Jefferies Financial Group lifted their target price on Mastercard from $305.00 to $330.00 and gave the company a “hold” rating in a research report on Friday, October 2nd. Finally, BMO Capital Markets reduced their price target on Mastercard from $345.00 to $333.00 and set an “outperform” rating on the stock in a report on Thursday, October 29th. Five investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $348.18.

About Mastercard

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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