Banco Santander S.A. Reduces Stock Position in Mastercard Incorporated (NYSE:MA)

Banco Santander S.A. trimmed its stake in shares of Mastercard Incorporated (NYSE:MAGet Rating) by 36.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,058 shares of the credit services provider’s stock after selling 12,811 shares during the period. Banco Santander S.A.’s holdings in Mastercard were worth $7,883,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MA. Whittier Trust Co. lifted its stake in shares of Mastercard by 0.9% in the 1st quarter. Whittier Trust Co. now owns 32,108 shares of the credit services provider’s stock worth $11,475,000 after purchasing an additional 286 shares during the period. Allen Investment Management LLC raised its position in Mastercard by 186.1% in the first quarter. Allen Investment Management LLC now owns 295,561 shares of the credit services provider’s stock worth $105,628,000 after acquiring an additional 192,250 shares during the period. MCIA Inc boosted its stake in shares of Mastercard by 18.6% during the 1st quarter. MCIA Inc now owns 8,379 shares of the credit services provider’s stock worth $2,911,000 after acquiring an additional 1,313 shares during the last quarter. Graypoint LLC grew its position in shares of Mastercard by 5.2% during the 1st quarter. Graypoint LLC now owns 16,436 shares of the credit services provider’s stock valued at $5,874,000 after acquiring an additional 808 shares during the period. Finally, Altman Advisors Inc. increased its stake in shares of Mastercard by 0.4% in the 1st quarter. Altman Advisors Inc. now owns 8,178 shares of the credit services provider’s stock worth $2,923,000 after purchasing an additional 35 shares in the last quarter. Institutional investors own 74.94% of the company’s stock.

Mastercard Stock Performance

NYSE:MA opened at $357.51 on Friday. The company has a market cap of $345.49 billion, a price-to-earnings ratio of 36.22, a PEG ratio of 1.69 and a beta of 1.04. Mastercard Incorporated has a 1 year low of $303.65 and a 1 year high of $399.92. The stock’s 50 day simple moving average is $335.68 and its two-hundred day simple moving average is $347.77. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.26 and a quick ratio of 1.26.

Mastercard (NYSE:MAGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The credit services provider reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.20. Mastercard had a net margin of 46.49% and a return on equity of 143.35%. The company had revenue of $5.50 billion for the quarter, compared to analysts’ expectations of $5.26 billion. During the same quarter in the previous year, the business posted $1.95 earnings per share. Mastercard’s quarterly revenue was up 21.5% on a year-over-year basis. As a group, equities analysts anticipate that Mastercard Incorporated will post 10.64 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 9th. Investors of record on Friday, July 8th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Thursday, July 7th. Mastercard’s payout ratio is 19.86%.

Insider Buying and Selling

In other news, major shareholder Foundation Mastercard sold 106,330 shares of the firm’s stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of $333.03, for a total value of $35,411,079.90. Following the completion of the sale, the insider now directly owns 103,629,316 shares of the company’s stock, valued at approximately $34,511,671,107.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders sold 318,982 shares of company stock worth $105,338,500. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MA shares. Susquehanna Bancshares lowered their target price on Mastercard from $430.00 to $400.00 and set a “positive” rating on the stock in a research report on Friday, July 29th. Morgan Stanley boosted their price objective on Mastercard from $452.00 to $457.00 and gave the company an “overweight” rating in a research note on Friday, July 29th. The Goldman Sachs Group began coverage on shares of Mastercard in a research note on Tuesday, May 17th. They set a “buy” rating and a $460.00 target price on the stock. Bank of America dropped their price target on shares of Mastercard from $416.00 to $402.00 and set a “buy” rating for the company in a research report on Monday, April 18th. Finally, Wolfe Research decreased their price objective on shares of Mastercard from $465.00 to $415.00 in a research report on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $414.55.

Mastercard Profile

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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 other payment-related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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