Arcus Capital Partners LLC Has $388,000 Stock Holdings in Mastercard Inc (NYSE:MA)

Arcus Capital Partners LLC trimmed its holdings in Mastercard Inc (NYSE:MA) by 13.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,312 shares of the credit services provider’s stock after selling 200 shares during the period. Arcus Capital Partners LLC’s holdings in Mastercard were worth $388,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Strategic Blueprint LLC increased its stake in Mastercard by 2.5% during the 2nd quarter. Strategic Blueprint LLC now owns 1,414 shares of the credit services provider’s stock worth $418,000 after buying an additional 34 shares in the last quarter. Keudell Morrison Wealth Management increased its holdings in Mastercard by 1.8% in the second quarter. Keudell Morrison Wealth Management now owns 1,959 shares of the credit services provider’s stock valued at $579,000 after buying an additional 35 shares during the last quarter. Mitchell Sinkler & Starr PA increased its holdings in Mastercard by 0.8% in the second quarter. Mitchell Sinkler & Starr PA now owns 4,600 shares of the credit services provider’s stock valued at $1,360,000 after buying an additional 35 shares during the last quarter. 10 15 Associates Inc. increased its holdings 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 buying an additional 35 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in Mastercard by 0.5% in the first quarter. Sequoia Financial Advisors LLC now owns 6,987 shares of the credit services provider’s stock valued at $1,688,000 after buying an additional 38 shares during the last quarter. 73.87% of the stock is owned by institutional investors.

Shares of NYSE MA traded up $2.14 during midday trading on Thursday, reaching $330.14. The company’s stock had a trading volume of 4,838,545 shares, compared to its average volume of 5,433,925. Mastercard Inc has a one year low of $199.99 and a one year high of $347.25. The company has a 50 day moving average price of $302.46 and a 200 day moving average price of $291.64. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.92. The company has a market cap of $328.78 billion, a price-to-earnings ratio of 45.56, a price-to-earnings-growth ratio of 2.73 and a beta of 1.06.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 30th. The credit services provider reported $1.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.21. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.26 billion. Mastercard had a net margin of 45.12% and a return on equity of 129.52%. The firm’s revenue was down 19.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.89 earnings per share. Research analysts anticipate that Mastercard Inc will post 6.58 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.48%. The ex-dividend date is Wednesday, July 8th. Mastercard’s dividend payout ratio is 20.59%.

In related news, Director Julius Genachowski sold 2,009 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $281.79, for a total transaction of $566,116.11. Following the completion of the sale, the director now directly owns 7,346 shares of the company’s stock, valued at approximately $2,070,029.34. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO J. Mehra Sachin sold 13,996 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $308.96, for a total transaction of $4,324,204.16. Following the sale, the chief financial officer now directly owns 24,918 shares of the company’s stock, valued at $7,698,665.28. The disclosure for this sale can be found here. Insiders sold 1,019,118 shares of company stock valued at $308,569,802 over the last three months. Insiders own 3.79% of the company’s stock.

Several equities analysts recently commented on the company. Compass Point increased their target price on Mastercard from $330.00 to $370.00 and gave the company a “buy” rating in a report on Friday, July 31st. Citigroup raised their price objective on shares of Mastercard from $317.00 to $344.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. JPMorgan Chase & Co. raised their price objective on shares of Mastercard from $269.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Morgan Stanley raised their price objective on shares of Mastercard from $311.00 to $315.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Finally, Jefferies Financial Group lowered shares of Mastercard from a “buy” rating to a “hold” rating and decreased their price target for the company from $290.00 to $275.00 in a report on Wednesday, April 15th. Five analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $333.34.

Mastercard Company Profile

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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