PDT Partners LLC raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 15.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,000 shares of the credit services provider’s stock after purchasing an additional 11,511 shares during the period. PDT Partners LLC’s holdings in Mastercard were worth $10,688,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Boys Arnold & Co. Inc. lifted its stake in shares of Mastercard by 7.8% in the second quarter. Boys Arnold & Co. Inc. now owns 5,006 shares of the credit services provider’s stock worth $608,000 after buying an additional 363 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new position in shares of Mastercard in the second quarter worth about $2,351,000. Baldwin Investment Management LLC lifted its stake in shares of Mastercard by 5.9% in the second quarter. Baldwin Investment Management LLC now owns 3,600 shares of the credit services provider’s stock worth $437,000 after buying an additional 200 shares in the last quarter. Personal Capital Advisors Corp lifted its stake in shares of Mastercard by 3.3% in the second quarter. Personal Capital Advisors Corp now owns 270,438 shares of the credit services provider’s stock worth $32,845,000 after buying an additional 8,670 shares in the last quarter. Finally, IBM Retirement Fund lifted its stake in shares of Mastercard by 68.8% in the second quarter. IBM Retirement Fund now owns 23,051 shares of the credit services provider’s stock worth $3,128,000 after buying an additional 9,397 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.
In other Mastercard news, insider Craig Vosburg sold 14,200 shares of Mastercard stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the completion of the sale, the insider now directly owns 40,646 shares in the company, valued at $5,766,041.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael Fraccaro sold 5,800 shares of Mastercard stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $147.59, for a total transaction of $856,022.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,000 shares of company stock valued at $3,582,984. Company insiders own 0.30% of the company’s stock.
Several equities analysts have recently weighed in on the stock. Guggenheim raised shares of Mastercard from a “neutral” rating to a “buy” rating and raised their price target for the stock from $135.00 to $153.00 in a research note on Monday, September 11th. BidaskClub downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Mizuho reissued a “hold” rating and issued a $140.00 price target on shares of Mastercard in a research note on Thursday, October 12th. Barclays PLC raised their price target on shares of Mastercard from $142.00 to $148.00 and gave the stock an “overweight” rating in a research note on Friday, September 8th. Finally, Buckingham Research assumed coverage on shares of Mastercard in a research note on Monday, October 2nd. They issued a “buy” rating and a $163.00 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have given a buy rating to the company. Mastercard has an average rating of “Buy” and a consensus target price of $157.68.
Mastercard Incorporated (NYSE:MA) opened at $152.74 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66. Mastercard Incorporated has a 52 week low of $99.51 and a 52 week high of $153.00. The company has a market cap of $161,700.00, a PE ratio of 35.44, a price-to-earnings-growth ratio of 2.04 and a beta of 1.22.
Mastercard (NYSE:MA) last issued its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the previous year, the firm earned $1.08 earnings per share. Mastercard’s quarterly revenue was up 18.1% compared to the same quarter last year. equities analysts predict that Mastercard Incorporated will post 4.54 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Friday, October 6th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Thursday, October 5th. Mastercard’s dividend payout ratio (DPR) is presently 20.51%.
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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