City Holding Co. cut its position in shares of Mastercard Incorporated (NYSE:MA) by 0.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 8,462 shares of the credit services provider’s stock after selling 75 shares during the quarter. City Holding Co.’s holdings in Mastercard were worth $1,028,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. American Beacon Advisors Inc. acquired a new position in shares of Mastercard in the 1st quarter worth $100,000. Lipe & Dalton acquired a new position in shares of Mastercard in the 1st quarter worth $101,000. Proficio Capital Partners LLC grew its holdings in shares of Mastercard by 108.2% in the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after acquiring an additional 464 shares during the last quarter. Kistler Tiffany Companies LLC grew its holdings in shares of Mastercard by 10.9% in the 1st quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock worth $115,000 after acquiring an additional 100 shares during the last quarter. Finally, First Bank & Trust grew its holdings in shares of Mastercard by 14.5% in the 1st quarter. First Bank & Trust now owns 1,300 shares of the credit services provider’s stock worth $146,000 after acquiring an additional 165 shares during the last quarter. Institutional investors own 76.10% of the company’s stock.
A number of equities analysts recently issued reports on the company. Barclays PLC lifted their target price on Mastercard from $142.00 to $148.00 and gave the stock an “overweight” rating in a report on Friday, September 8th. Cowen and Company restated an “outperform” rating and issued a $137.00 target price (up from $129.00) on shares of Mastercard in a report on Sunday, July 30th. Credit Suisse Group lifted their target price on Mastercard from $128.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, September 8th. Nomura lifted their target price on Mastercard from $153.00 to $163.00 and gave the stock a “buy” rating in a report on Friday, September 8th. Finally, BidaskClub cut Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $138.43.
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Shares of Mastercard Incorporated (NYSE:MA) traded up 0.08% during mid-day trading on Friday, hitting $141.58. The company’s stock had a trading volume of 6,152,491 shares. The stock has a market cap of $150.77 billion, a PE ratio of 35.13 and a beta of 1.18. Mastercard Incorporated has a 1-year low of $99.42 and a 1-year high of $143.52. The company has a 50-day moving average price of $133.09 and a 200-day moving average price of $122.02.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the prior year, the business posted $0.96 EPS. The company’s quarterly revenue was up 13.3% on a year-over-year basis. Analysts predict that Mastercard Incorporated will post $4.43 EPS for the current fiscal year.
In other news, major shareholder Foundation Mastercard sold 87,618 shares of the stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $127.98, for a total transaction of $11,213,351.64. Following the completion of the transaction, the insider now directly owns 112,649,063 shares in the company, valued at approximately $14,416,827,082.74. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Martina Hundmejean sold 91,107 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the transaction, the chief financial officer now owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 850,468 shares of company stock valued at $109,574,694. Company insiders own 0.30% of the company’s stock.
Mastercard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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