Brown Brothers Harriman & Co. Has $484.53 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Brown Brothers Harriman & Co. cut its position in Mastercard Incorporated (NYSE:MA) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,098,310 shares of the credit services provider’s stock after selling 16,727 shares during the quarter. Mastercard comprises 3.6% of Brown Brothers Harriman & Co.’s holdings, making the stock its 7th biggest position. Brown Brothers Harriman & Co. owned approximately 0.12% of Mastercard worth $484,531,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hoxton Planning & Management LLC raised its holdings in shares of Mastercard by 1.4% in the first quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock valued at $788,000 after buying an additional 22 shares during the last quarter. Quilter Plc raised its stake in shares of Mastercard by 2.8% in the second quarter. Quilter Plc now owns 801 shares of the credit services provider’s stock worth $353,000 after acquiring an additional 22 shares during the last quarter. Carolinas Wealth Consulting LLC raised its stake in shares of Mastercard by 5.0% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after acquiring an additional 23 shares during the last quarter. Benin Management CORP lifted its position in shares of Mastercard by 3.0% during the first quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after purchasing an additional 23 shares in the last quarter. Finally, Atticus Wealth Management LLC grew its stake in shares of Mastercard by 1.3% during the first quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock valued at $835,000 after purchasing an additional 23 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 111,000 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $451.07, for a total transaction of $50,068,770.00. Following the completion of the transaction, the insider now owns 92,672,308 shares of the company’s stock, valued at approximately $41,801,697,969.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 111,000 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $451.07, for a total transaction of $50,068,770.00. Following the sale, the insider now directly owns 92,672,308 shares of the company’s stock, valued at approximately $41,801,697,969.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The disclosure for this sale can be found here. In the last quarter, insiders have sold 720,467 shares of company stock valued at $331,875,955. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. William Blair raised Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. raised their price target on Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Compass Point began coverage on Mastercard in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price objective for the company. BMO Capital Markets restated an “outperform” rating and set a $520.00 target price on shares of Mastercard in a research report on Wednesday, August 14th. Finally, Bank of America cut shares of Mastercard from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $505.00 to $480.00 in a research report on Wednesday, July 10th. Five equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and an average price target of $510.88.

Mastercard Stock Performance

Shares of MA opened at $493.36 on Monday. The firm has a market cap of $458.63 billion, a P/E ratio of 39.22, a PEG ratio of 1.92 and a beta of 1.10. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $496.85. 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’s 50 day moving average price is $460.67 and its two-hundred day moving average price is $460.18.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, beating the consensus estimate of $3.51 by $0.08. The business had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. On average, analysts forecast that Mastercard Incorporated will post 14.29 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.54%. Mastercard’s 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.