Intl Fcstone Inc. bought a new stake in shares of Mastercard Incorporated (NYSE:MA) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 15,422 shares of the credit services provider’s stock, valued at approximately $1,873,000.
A number of other institutional investors have also added to or reduced their stakes in MA. American Beacon Advisors Inc. acquired a new stake in shares of Mastercard in the 1st quarter valued at approximately $100,000. Chicago Partners Investment Group LLC raised its position in shares of Mastercard by 1,365.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 874 shares during the period. Thompson Davis & CO. Inc. raised its position in shares of Mastercard by 170.1% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 546 shares during the period. Proficio Capital Partners LLC raised its position 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 valued at $108,000 after acquiring an additional 464 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Mastercard in the 2nd quarter valued at approximately $121,000. Institutional investors own 75.81% of the company’s stock.
In related news, insider Craig Vosburg sold 14,200 shares of the firm’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total value of $2,014,412.00. Following the completion of the transaction, the insider now directly owns 40,646 shares of the company’s stock, valued at $5,766,041.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $142.51, for a total transaction of $712,550.00. Following the completion of the transaction, the director now directly owns 45,278 shares of the company’s stock, valued at $6,452,567.78. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock valued at $3,582,984 over the last ninety days. Company insiders own 0.30% of the company’s stock.
Shares of Mastercard Incorporated (NYSE MA) traded up $0.44 on Friday, hitting $149.89. 2,107,460 shares of the stock traded hands, compared to its average volume of 3,627,421. The company has a market cap of $158,682.84, a PE ratio of 34.78, a P/E/G ratio of 2.00 and a beta of 1.20. Mastercard Incorporated has a one year low of $102.91 and a one year high of $154.65. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.83.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.11. The company had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The business’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period last year, the business earned $1.08 EPS. equities research analysts forecast that Mastercard Incorporated will post 4.54 EPS for the current year.
Mastercard declared that its board has authorized a stock repurchase plan on Monday, December 4th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the credit services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 9th will be paid a dividend of $0.25 per share. This is a boost from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Monday, January 8th. Mastercard’s dividend payout ratio (DPR) is currently 20.47%.
A number of brokerages recently weighed in on MA. Vetr upgraded shares of Mastercard from a “buy” rating to a “strong-buy” rating and set a $161.72 price target on the stock in a research report on Tuesday, December 5th. Zacks Investment Research downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Bank of America raised their target price on shares of Mastercard from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, November 6th. J P Morgan Chase & Co raised their target price on shares of Mastercard from $152.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Finally, Nomura raised their target price on shares of Mastercard from $163.00 to $164.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Two research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $159.22.
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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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