NBC Securities Inc. Has $3.26 Million Position in Mastercard Incorporated $MA

NBC Securities Inc. reduced its holdings in Mastercard Incorporated (NYSE:MA) by 24.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,803 shares of the credit services provider’s stock after selling 1,921 shares during the period. NBC Securities Inc.’s holdings in Mastercard were worth $3,261,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC acquired a new stake in Mastercard in the 1st quarter valued at $27,000. Keystone Global Partners LLC acquired a new stake in Mastercard in the 1st quarter valued at $31,000. 10Elms LLP acquired a new stake in Mastercard in the 4th quarter valued at $33,000. Hughes Financial Services LLC acquired a new stake in Mastercard in the 1st quarter valued at $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Mastercard in the 4th quarter valued at $36,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Down 1.4%

Shares of MA opened at $580.75 on Monday. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The firm has a market cap of $525.00 billion, a P/E ratio of 39.16, a price-to-earnings-growth ratio of 2.38 and a beta of 0.99. The firm’s 50-day simple moving average is $574.60 and its 200 day simple moving average is $558.29. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same quarter in the prior year, the business earned $3.50 EPS. Mastercard’s quarterly revenue was up 16.8% on a year-over-year basis. On average, analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were issued a $0.76 dividend. The ex-dividend date of this dividend was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard’s payout ratio is currently 20.50%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MA shares. Wells Fargo & Company boosted their price objective on shares of Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Morgan Stanley boosted their price objective on shares of Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Wall Street Zen upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a research note on Friday, July 18th. Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. Finally, Wolfe Research set a $655.00 price objective on shares of Mastercard in a research note on Monday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $626.54.

Insider Transactions at Mastercard

In other Mastercard news, Director Julius Genachowski sold 312 shares of the business’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the sale, the director owned 8,469 shares of the company’s stock, valued at $4,833,004.23. The trade was a 3.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Craig Vosburg sold 9,428 shares of the business’s stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the completion of the sale, the insider directly owned 58,451 shares of the company’s stock, valued at $20,636,125.55. This represents a 13.89% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,094 shares of company stock worth $26,521,861. Company insiders own 0.09% of the company’s stock.

Mastercard Company 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.