Eos Focused Equity Management L.P. cut its holdings in Mastercard Incorporated (NYSE:MA) by 21.1% during the third quarter, Holdings Channel.com reports. The fund owned 5,659 shares of the credit services provider’s stock after selling 1,513 shares during the period. Mastercard comprises about 2.0% of Eos Focused Equity Management L.P.’s holdings, making the stock its 22nd largest holding. Eos Focused Equity Management L.P.’s holdings in Mastercard were worth $1,914,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in MA. Carolina Wealth Advisors LLC acquired a new stake in Mastercard during the 3rd quarter worth approximately $30,000. Newfound Research LLC bought a new stake in Mastercard in the third quarter valued at approximately $34,000. Larson Financial Group LLC increased its position in Mastercard by 55.2% during the 3rd quarter. Larson Financial Group LLC now owns 104 shares of the credit services provider’s stock valued at $35,000 after purchasing an additional 37 shares during the period. Evolution Wealth Advisors LLC raised its holdings in Mastercard by 530.4% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 145 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 122 shares during the last quarter. Finally, Virtus Alternative Investment Advisers Inc. acquired a new position in shares of Mastercard in the 2nd quarter worth approximately $46,000. 73.72% of the stock is owned by hedge funds and other institutional investors.
In other Mastercard news, Director Richard Haythornthwaite sold 6,583 shares of the business’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $328.87, for a total value of $2,164,951.21. Following the transaction, the director now directly owns 27,432 shares in the company, valued at $9,021,561.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 30,100 shares of the stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $320.69, for a total transaction of $9,652,769.00. Following the transaction, the insider now directly owns 109,517,113 shares of the company’s stock, valued at $35,121,042,967.97. The disclosure for this sale can be found here. Insiders have sold a total of 196,571 shares of company stock worth $65,431,990 over the last quarter. Company insiders own 3.79% of the company’s stock.
NYSE:MA traded down $11.64 on Friday, hitting $281.54. The stock had a trading volume of 321,630 shares, compared to its average volume of 4,905,736. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a market cap of $293.49 billion, a P/E ratio of 39.38, a price-to-earnings-growth ratio of 2.77 and a beta of 1.11. Mastercard Incorporated has a 1 year low of $199.99 and a 1 year high of $367.25. The firm’s fifty day simple moving average is $335.63 and its two-hundred day simple moving average is $310.65.
Mastercard (NYSE:MA) last released its earnings results on Wednesday, October 28th. The credit services provider reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.05). Mastercard had a net margin of 45.12% and a return on equity of 129.52%. Equities research analysts predict that Mastercard Incorporated will post 6.61 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Friday, October 9th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Thursday, October 8th. Mastercard’s dividend payout ratio is presently 20.59%.
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.
Recommended Story: How Investors Use a Balance Sheet
Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA).
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.