Dearborn Partners LLC Trimmed Its Stake in Mastercard INC (MA) as Share Price Rose

May 22, 2018 - By Nellie Frank

Mastercard Incorporated (NYSE:MA) LogoInvestors sentiment increased to 0.91 in Q4 2017. Its up 0.02, from 0.89 in 2017Q3. It is positive, as 46 investors sold MA shares while 492 reduced holdings. 131 funds opened positions while 356 raised stakes. 764.78 million shares or 1.94% less from 779.91 million shares in 2017Q3 were reported. Jennison Associates Limited Liability Company reported 15.25M shares stake. Mark Sheptoff Financial Planning Ltd Liability Corp invested in 825 shares. Hengistbury Inv Prtnrs Ltd Liability Partnership reported 390,700 shares stake. Ngam Advsrs Limited Partnership has 0.23% invested in Mastercard Incorporated (NYSE:MA) for 149,097 shares. Brookstone Capital has 0.06% invested in Mastercard Incorporated (NYSE:MA). Mitchell Sinkler Starr Pa invested in 1.16% or 5,186 shares. Yhb Investment Advisors has invested 0.09% in Mastercard Incorporated (NYSE:MA). Integral Derivatives Limited Co stated it has 0.05% of its portfolio in Mastercard Incorporated (NYSE:MA). Moreover, Beacon Fin Gru has 0.21% invested in Mastercard Incorporated (NYSE:MA) for 7,790 shares. Daniel Devine reported 0.27% stake. Smith Moore owns 0.07% invested in Mastercard Incorporated (NYSE:MA) for 1,698 shares. Magellan Asset Mgmt reported 8.39 million shares. The Washington-based Evergreen Mngmt Lc has invested 0.03% in Mastercard Incorporated (NYSE:MA). 3,095 are owned by Reinhart. Egerton Cap (Uk) Ltd Liability Partnership, United Kingdom-based fund reported 2.13M shares.

Since January 2, 2018, it had 0 insider purchases, and 8 sales for $59.23 million activity. Shares for $866,104 were sold by Haythornthwaite Richard. Another trade for 17,496 shares valued at $3.25M was made by Vosburg Craig on Thursday, May 3. CARLUCCI DAVID R had sold 5,950 shares worth $1.09M. Another trade for 239,020 shares valued at $44.45M was sold by BANGA AJAY. $5.53 million worth of Mastercard Incorporated (NYSE:MA) was sold by Murphy Timothy H on Monday, March 19. On Tuesday, January 2 McLaughlin Edward Grunde sold $2.61 million worth of Mastercard Incorporated (NYSE:MA) or 17,167 shares.

Dearborn Partners Llc decreased its stake in Mastercard Inc (MA) by 17.01% based on its latest 2017Q4 regulatory filing with the SEC. Dearborn Partners Llc sold 30,874 shares as the company’s stock rose 14.37% while stock markets declined. The institutional investor held 150,629 shares of the business services company at the end of 2017Q4, valued at $22.80M, down from 181,503 at the end of the previous reported quarter. Dearborn Partners Llc who had been investing in Mastercard Inc for a number of months, seems to be less bullish one the $200.16 billion market cap company. The stock increased 0.28% or $0.53 during the last trading session, reaching $191.73. About 2.10 million shares traded. Mastercard Incorporated (NYSE:MA) has risen 54.12% since May 22, 2017 and is uptrending. It has outperformed by 42.57% the S&P500.

Dearborn Partners Llc, which manages about $1.48 billion and $1.39 billion US Long portfolio, upped its stake in Mccormick & Company Inc Non Vt (NYSE:MKC) by 135,552 shares to 237,006 shares, valued at $24.15 million in 2017Q4, according to the filing.

Analysts await Mastercard Incorporated (NYSE:MA) to report earnings on July, 26. They expect $1.54 earnings per share, up 40.00 % or $0.44 from last year’s $1.1 per share. MA’s profit will be $1.61B for 31.13 P/E if the $1.54 EPS becomes a reality. After $1.50 actual earnings per share reported by Mastercard Incorporated for the previous quarter, Wall Street now forecasts 2.67 % EPS growth.

More important recent Mastercard Incorporated (NYSE:MA) news were published by: which released: “Mastercard: Is It Overvalued?” on May 16, 2018, also published article titled: “By The Numbers: Should You Buy Mastercard Stock?”, published: “Mastercard jumps after revenue guidance lift” on May 02, 2018. More interesting news about Mastercard Incorporated (NYSE:MA) was released by: and their article: “Oakmark Global Select Fund: Q1 2018” with publication date: April 23, 2018.

Mastercard Incorporated (NYSE:MA) Ratings Coverage

Among 24 analysts covering Mastercard (NYSE:MA), 22 have Buy rating, 0 Sell and 2 Hold. Therefore 92% are positive. Mastercard had 42 analyst reports since December 11, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Monday, December 11 by Bernstein. The firm has “Buy” rating by Keefe Bruyette & Woods given on Thursday, December 21. On Tuesday, January 30 the stock rating was maintained by Barclays Capital with “Overweight”. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Thursday, February 1 report. The firm has “Buy” rating given on Thursday, February 1 by Stephens. Susquehanna maintained Mastercard Incorporated (NYSE:MA) rating on Thursday, December 28. Susquehanna has “Buy” rating and $180.0 target. The firm has “Buy” rating given on Thursday, January 4 by Mizuho. As per Thursday, January 18, the company rating was maintained by Piper Jaffray. As per Thursday, February 1, the company rating was maintained by Mizuho. The rating was maintained by PiperJaffray with “Overweight” on Friday, February 2.

Mastercard Incorporated (NYSE:MA) Institutional Positions Chart

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