Mastercard Incorporated (NYSE:MA) Holdings Boosted by Nicolet Bankshares Inc.

Nicolet Bankshares Inc. grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 6.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,453 shares of the credit services provider’s stock after acquiring an additional 252 shares during the period. Nicolet Bankshares Inc.’s holdings in Mastercard were worth $1,506,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MA. Campbell Newman Asset Management Inc. grew its stake in Mastercard by 2.6% during the second quarter. Campbell Newman Asset Management Inc. now owns 41,974 shares of the credit services provider’s stock worth $12,412,000 after buying an additional 1,047 shares during the last quarter. First PREMIER Bank lifted its holdings in Mastercard by 2.3% in the third quarter. First PREMIER Bank now owns 13,420 shares of the credit services provider’s stock valued at $4,538,000 after buying an additional 300 shares during the period. WealthPLAN Partners LLC lifted its holdings in Mastercard by 15.5% in the second quarter. WealthPLAN Partners LLC now owns 16,973 shares of the credit services provider’s stock valued at $5,536,000 after buying an additional 2,275 shares during the period. Vident Investment Advisory LLC lifted its holdings in Mastercard by 55.2% in the second quarter. Vident Investment Advisory LLC now owns 4,190 shares of the credit services provider’s stock valued at $1,239,000 after buying an additional 1,490 shares during the period. Finally, Cullinan Associates Inc. lifted its holdings in Mastercard by 117.4% in the second quarter. Cullinan Associates Inc. now owns 7,250 shares of the credit services provider’s stock valued at $2,144,000 after buying an additional 3,915 shares during the period. Institutional investors and hedge funds own 73.72% of the company’s stock.

Shares of MA traded down $9.09 during midday trading on Friday, reaching $284.09. The stock had a trading volume of 351,196 shares, compared to its average volume of 4,905,736. The firm has a 50 day simple moving average of $335.63 and a 200-day simple moving average of $310.65. Mastercard Incorporated has a one year low of $199.99 and a one year high of $367.25. The firm has a market cap of $293.49 billion, a PE ratio of 39.38, a P/E/G ratio of 2.77 and a beta of 1.11. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.92.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, October 28th. The credit services provider reported $1.60 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.05). Mastercard had a net margin of 45.12% and a return on equity of 129.52%. As a group, research analysts forecast that Mastercard Incorporated will post 6.61 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Friday, October 9th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Thursday, October 8th. Mastercard’s dividend payout ratio (DPR) is presently 20.59%.

Several equities analysts recently weighed in on MA shares. Oppenheimer initiated coverage on shares of Mastercard in a report on Friday, July 31st. They issued a “hold” rating on the stock. Wells Fargo & Company reiterated a “buy” rating on shares of Mastercard in a report on Friday, October 9th. Compass Point increased their target price on shares of Mastercard from $330.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Morgan Stanley increased their target price on shares of Mastercard from $338.00 to $359.00 and gave the stock an “overweight” rating in a report on Monday. Finally, 140166 increased their price objective on shares of Mastercard from $360.00 to $395.00 and gave the stock a “positive” rating in a research report on Thursday, September 10th. Five analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Mastercard presently has an average rating of “Buy” and a consensus target price of $349.39.

In other news, major shareholder Foundation Mastercard sold 30,100 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now owns 109,517,113 shares in the company, valued at approximately $35,121,042,967.97. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard Haythornthwaite sold 6,583 shares of the firm’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $328.87, for a total transaction of $2,164,951.21. Following the sale, the director now owns 27,432 shares of the company’s stock, valued at approximately $9,021,561.84. The disclosure for this sale can be found here. In the last three months, insiders sold 196,571 shares of company stock valued at $65,431,990. Insiders own 3.79% of the company’s stock.

Mastercard 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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