Brookstone Capital Management Has $2.33 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Brookstone Capital Management decreased its stake in shares of Mastercard Incorporated (NYSE:MAGet Rating) by 45.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,209 shares of the credit services provider’s stock after selling 6,105 shares during the quarter. Brookstone Capital Management’s holdings in Mastercard were worth $2,329,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Mastercard by 8.4% during the 1st quarter. Vanguard Group Inc. now owns 76,021,301 shares of the credit services provider’s stock worth $27,168,493,000 after purchasing an additional 5,868,493 shares during the last quarter. State Street Corp increased its position in shares of Mastercard by 4.4% during the 4th quarter. State Street Corp now owns 35,528,530 shares of the credit services provider’s stock worth $12,766,111,000 after purchasing an additional 1,511,927 shares during the last quarter. Capital International Investors increased its position in shares of Mastercard by 9.7% during the 1st quarter. Capital International Investors now owns 16,219,816 shares of the credit services provider’s stock worth $5,796,675,000 after purchasing an additional 1,430,200 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Mastercard by 47.5% during the 1st quarter. Wellington Management Group LLP now owns 15,686,480 shares of the credit services provider’s stock worth $5,606,033,000 after purchasing an additional 5,053,394 shares during the last quarter. Finally, Capital Research Global Investors increased its position in shares of Mastercard by 3.4% during the 1st quarter. Capital Research Global Investors now owns 14,080,614 shares of the credit services provider’s stock worth $5,032,182,000 after purchasing an additional 468,198 shares during the last quarter. Institutional investors and hedge funds own 75.10% of the company’s stock.

Insider Buying and Selling

In related news, CFO J. Mehra Sachin sold 5,000 shares of the company’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $360.00, for a total transaction of $1,800,000.00. Following the completion of the sale, the chief financial officer now directly owns 15,723 shares in the company, valued at approximately $5,660,280. The sale was disclosed in a filing with the SEC, which is available through this link. 0.29% of the stock is owned by corporate insiders.

Mastercard Stock Performance

NYSE:MA opened at $314.03 on Tuesday. The stock has a fifty day moving average price of $339.44 and a 200-day moving average price of $341.11. The company has a market cap of $303.47 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 1.46 and a beta of 1.06. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.26 and a current ratio of 1.26. Mastercard Incorporated has a fifty-two week low of $303.65 and a fifty-two week high of $399.92.

Mastercard (NYSE:MAGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The credit services provider reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.20. Mastercard had a return on equity of 143.35% and a net margin of 46.49%. The business had revenue of $5.50 billion during the quarter, compared to the consensus estimate of $5.26 billion. During the same period in the prior year, the company earned $1.95 EPS. Mastercard’s revenue for the quarter was up 21.5% on a year-over-year basis. As a group, equities analysts anticipate that Mastercard Incorporated will post 10.63 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 9th. Investors of record on Friday, October 7th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 0.62%. Mastercard’s dividend payout ratio is currently 19.86%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Macquarie decreased their target price on Mastercard from $440.00 to $410.00 in a report on Friday, July 29th. Morgan Stanley boosted their target price on Mastercard from $452.00 to $457.00 and gave the stock an “overweight” rating in a report on Friday, July 29th. Daiwa Capital Markets lowered Mastercard from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $385.00 to $375.00 in a report on Tuesday, August 16th. Wolfe Research decreased their target price on Mastercard from $465.00 to $415.00 in a report on Wednesday, July 20th. Finally, Mizuho boosted their target price on Mastercard from $375.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $414.09.

About Mastercard

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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 other payment-related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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