Eagle Global Advisors LLC Cuts Stake in Mastercard Incorporated (NYSE:MA)

After selling 102 shares, the firm held 42,501 of the stock of the credit service provider. Eagle Global Advisors LLC holds 1.0% in Mastercard, which is the 28th largest position. Eagle Global Advisors LLC held Mastercard shares worth $15,445,000 as of the latest reporting period.

MA was also the subject of recent changes by a number of large investors. Braun Stacey Associates Inc. increased its stake in Mastercard shares by 64.1% during the first quarter. Braun Stacey Associates Inc. owns 133 234 shares in the credit services provider, valued at $48,419,000, after purchasing 52 033 additional shares. Eagle Asset Management Inc. increased its stake in Mastercard shares by 6.5% during the first quarter. Eagle Asset Management Inc. owns 34 770 shares in the credit services provider, valued at $12,635,000, after adding 2,121 more shares. Twin Capital Management Inc. increased its stake in Mastercard shares by 17.8% during the first quarter. Twin Capital Management Inc. owns 8,454 of the stock of the credit service provider, worth $3.072,000. This is after adding 1,277 additional shares. Laurel Wealth Advisors LLC grew its Mastercard holdings by 1.2% during the first quarter. Laurel Wealth Advisors LLC owns 25,863 of the stock of the credit service provider valued at $9.399,000, after buying an additional 303 in the last quarter. Americana Partners LLC also increased its Mastercard holdings by 15.7% during the first quarter. Americana Partners LLC owns 2,108 of the stock of the credit service provider, valued at $766,000. This is after buying an additional 286 shares during the last quarter. The transaction took place on August 1, 2010. The stock was purchased at an average of $394.38 for a total of $4,274,290.44. The chief financial officer owns now 20,707 shares worth $8,166.426.66 after the sale. On Tuesday, 13th June, the company sold 5,164 of its shares. The stock was purchased at a price of $373.24 on average, totaling $1,927.411.36. The insider owns 11,164 company shares, worth approximately $4,166.851.36. The transaction took place on August 1, 2010. The shares were purchased at an average of $394.38 for a total of $4,274,290.44. After the transaction was completed, the chief executive officer now holds 20,707 shares in the company, worth approximately $8,166.426.66. Insiders have sold 273,967 company shares valued at $104,732,510 in the past 90 days. Insiders hold 0.13% the stock of their company.

Wall Street analysts forecast growth

Several brokerages recently published reports on MA. Tigress Financial raised their price target for shares of Mastercard in a report published on Thursday, 5th May from $472.00 up to $476.00. Robert W. Baird increased their target price for shares of Mastercard in a report published on Friday, 27th July from $435.00 up to $450.00. KeyCorp increased their target price for shares of Mastercard in a report published on Monday, 24th April from $425.00 up to $430.00. Wells Fargo & Company increased their target price for shares of Mastercard in a report published on Friday, July 28, from $425.00 up to $440.00. The company was also given an 'overweight rating'. In a report published on Monday, 31st July, Mizuho raised their price target for shares of Mastercard. The new price was $435.00. Two analysts at equities firms have given the stock a hold recommendation, while 18 have recommended that the company's shares be bought. According to data from MarketBeat.com Mastercard's consensus rating is 'Moderate buy' with an average price target of $436.00.

Mastercard Stock Performance

Trading hours were held on Wednesday and the stock rose $0.48 to $393.67. The stock of the company traded 1,760,686 compared to 2,772,645. The debt-to equity ratio for the company is 2.57. It has a quick ratio (1.13) and a current rate of 1.13. The company's moving average for the past 50 days is $386.59, and its moving average over the last 200 days is $374.37. Mastercard Incorporated's 52-week low is $276.87, and its 52-week high is $405.19. The firm has a market cap of $370.92 billion, a PE ratio of 37.00, a price-to-earnings-growth ratio of 1.88 and a beta of 1.11.

The last time ) released its quarterly earnings was on Thursday 27th July. Credit services provider posted $2.89 per share in earnings for the quarter. This was $0.05 higher than the consensus estimate. Revenue was $6.30 billion, which is higher than the $6.18 billion consensus estimate. Mastercard's return on equity was 178.10%, and its net margin was 43.37%. Mastercard's quarterly revenue was up 14.5% compared to the same period last year. In the same quarter of the previous year, the company had earned $2.56 in earnings per share. Analysts predict that Mastercard Incorporated, on average, will earn 12.14 EPS this year.

Mastercard Dividend Announcement

Recently, the business announced a quarterly distribution that will be paid out on August 9th. Dividends will be paid to stockholders who were in the record books on Friday, 7th July. The dividend is $0.57 per share. The ex-dividend day is Thursday, 7th July. The dividend yield is 0.58%. This dividend represents an annualized dividend of $2.28. Mastercard's Dividend Payout Ratio (DPR), is 21.37%.

Mastercard

(
Free Report
)

Mastercard Incorporated is a technology firm that provides payment-related services and products in the United States as well as internationally. It provides payment-related services, such as clearing and settlement and authorization.

Get the latest Mastercard Incorporated 13F filings, insider trading and other information.
NYSE:MA

Free Report
).

MarketBeat.com offers a FREE daily email newsletter
.