Bristol Gate Capital Partners Inc. Sells 10,908 Shares of Mastercard Incorporated (NYSE:MA)

Bristol Gate Capital Partners Inc. decreased its position in Mastercard Incorporated (NYSE:MA) by 5.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 203,596 shares of the credit services provider’s stock after selling 10,908 shares during the period. Mastercard makes up 4.5% of Bristol Gate Capital Partners Inc.’s holdings, making the stock its 15th biggest holding. Bristol Gate Capital Partners Inc.’s holdings in Mastercard were worth $89,818,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. VitalStone Financial LLC lifted its position in shares of Mastercard by 300.0% during the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 45 shares during the period. Westend Capital Management LLC bought a new stake in Mastercard in the first quarter valued at $27,000. Palisade Asset Management LLC acquired a new position in shares of Mastercard during the first quarter valued at about $27,000. Scarborough Advisors LLC bought a new position in shares of Mastercard during the 4th quarter worth about $28,000. Finally, Beaird Harris Wealth Management LLC bought a new stake in Mastercard in the 4th quarter valued at about $30,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the sale, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the sale, the chief financial officer now owns 27,304 shares in the company, valued at approximately $12,423,320. The disclosure for this sale can be found here. In the last 90 days, insiders sold 605,124 shares of company stock worth $280,045,189. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on MA. JPMorgan Chase & Co. increased their price target on Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. KeyCorp lifted their price target on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Susquehanna upped their price objective on shares of Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. Royal Bank of Canada lifted their price objective on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, Evercore ISI lowered their target price on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Five research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and an average target price of $512.08.

Mastercard Price Performance

MA opened at $493.01 on Friday. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $501.80. The firm has a 50-day moving average of $465.19 and a 200 day moving average of $460.98. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $458.31 billion, a P/E ratio of 39.19, a PEG ratio of 1.92 and a beta of 1.10.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. The firm had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. On average, research analysts expect that Mastercard Incorporated will post 14.29 EPS for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.54%. Mastercard’s dividend payout ratio is presently 20.99%.

Mastercard 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.