Eos Focused Equity Management L.P. Sells 1,513 Shares of Mastercard Incorporated (NYSE:MA)

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.

MA has been the subject of a number of analyst reports. Bank of America lifted their target price on shares of Mastercard from $324.00 to $358.00 and gave the stock a “neutral” rating in a research note on Thursday, August 27th. Wells Fargo & Company reissued a “buy” rating on shares of Mastercard in a research note on Friday, October 9th. Smith Barney Citigroup decreased their target price on Mastercard from $384.00 to $355.00 in a research note on Thursday. Royal Bank of Canada dropped their price target on Mastercard from $350.00 to $372.00 in a research note on Thursday. Finally, JPMorgan Chase & Co. cut their price target on Mastercard from $372.00 to $342.00 and set an “overweight” rating on the stock in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $349.39.

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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