Bretton Capital Management LLC Acquires New Stake in Mastercard Incorporated (NYSE:MA)

Bretton Capital Management LLC bought a new position in Mastercard Incorporated (NYSE:MA) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,380 shares of the credit services provider’s stock, valued at approximately $4,632,000. Mastercard comprises about 4.4% of Bretton Capital Management LLC’s investment portfolio, making the stock its 14th largest position.

A number of other large investors have also made changes to their positions in the company. China Universal Asset Management Co. Ltd. increased its position in Mastercard by 46.4% in the first quarter. China Universal Asset Management Co. Ltd. now owns 14,785 shares of the credit services provider’s stock worth $7,120,000 after buying an additional 4,685 shares in the last quarter. Brighton Jones LLC boosted its position in shares of Mastercard by 13.7% in the first quarter. Brighton Jones LLC now owns 6,394 shares of the credit services provider’s stock worth $3,079,000 after purchasing an additional 768 shares during the period. Great Lakes Retirement Inc. increased its stake in shares of Mastercard by 1.3% in the first quarter. Great Lakes Retirement Inc. now owns 4,982 shares of the credit services provider’s stock worth $2,399,000 after purchasing an additional 63 shares in the last quarter. Banco BTG Pactual S.A. purchased a new position in shares of Mastercard during the 1st quarter valued at $757,000. Finally, Nwam LLC boosted its holdings in Mastercard by 20.1% in the 1st quarter. Nwam LLC now owns 1,659 shares of the credit services provider’s stock worth $760,000 after buying an additional 278 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Insider Transactions at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares in the company, valued at approximately $7,363,085.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the transaction, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $467.45, for a total value of $50,952,050.00. Following the sale, the insider now owns 91,924,308 shares of the company’s stock, valued at approximately $42,970,017,774.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 327,370 shares of company stock valued at $153,495,958. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Trading Down 1.4 %

MA stock opened at $521.50 on Thursday. The company has a market capitalization of $478.65 billion, a PE ratio of 39.45, a P/E/G ratio of 2.32 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. Mastercard Incorporated has a 12 month low of $394.76 and a 12 month high of $534.03. The firm’s 50-day moving average is $502.32 and its 200 day moving average is $470.24.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter in the previous year, the firm posted $3.39 earnings per share. The company’s revenue was up 12.8% on a year-over-year basis. On average, research analysts anticipate that Mastercard Incorporated will post 14.45 EPS for the current year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio is 19.97%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Citigroup boosted their price objective on Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Royal Bank of Canada boosted their price target on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Argus raised shares of Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. TD Cowen boosted their target price on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Macquarie raised their target price on shares of Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $542.88.

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.