Trillium Asset Management LLC lessened its holdings in Mastercard Inc (NYSE:MA) by 1.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 167,038 shares of the credit services provider’s stock after selling 1,618 shares during the quarter. Mastercard accounts for approximately 1.9% of Trillium Asset Management LLC’s holdings, making the stock its 4th biggest holding. Trillium Asset Management LLC’s holdings in Mastercard were worth $37,184,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in MA. Advisor Partners LLC increased its position in shares of Mastercard by 7.0% in the 2nd quarter. Advisor Partners LLC now owns 20,389 shares of the credit services provider’s stock valued at $4,007,000 after acquiring an additional 1,335 shares during the period. Cohen Lawrence B grew its position in Mastercard by 39.2% during the 2nd quarter. Cohen Lawrence B now owns 1,845 shares of the credit services provider’s stock worth $363,000 after purchasing an additional 520 shares during the period. Cookson Peirce & Co. Inc. grew its position in Mastercard by 5.3% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 16,111 shares of the credit services provider’s stock worth $3,166,000 after purchasing an additional 810 shares during the period. Boussard & Gavaudan Investment Management LLP grew its position in Mastercard by 22.6% during the 2nd quarter. Boussard & Gavaudan Investment Management LLP now owns 1,627 shares of the credit services provider’s stock worth $321,000 after purchasing an additional 300 shares during the period. Finally, Ironwood Investment Counsel LLC grew its position in Mastercard by 4.3% during the 2nd quarter. Ironwood Investment Counsel LLC now owns 18,567 shares of the credit services provider’s stock worth $3,648,000 after purchasing an additional 773 shares during the period. 74.52% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Mastercard stock opened at $182.60 on Monday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.55 and a current ratio of 1.55. Mastercard Inc has a twelve month low of $140.61 and a twelve month high of $225.35. The stock has a market capitalization of $188.59 billion, a P/E ratio of 39.87, a P/E/G ratio of 1.57 and a beta of 1.22.
Mastercard (NYSE:MA) last released its earnings results on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.10. Mastercard had a net margin of 35.88% and a return on equity of 114.58%. The business had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same period last year, the company posted $1.34 EPS. The business’s revenue was up 14.7% on a year-over-year basis. Sell-side analysts forecast that Mastercard Inc will post 6.43 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 9th. Shareholders of record on Tuesday, October 9th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Friday, October 5th. Mastercard’s dividend payout ratio (DPR) is 21.83%.
In other Mastercard news, Director Richard K. Davis bought 2,475 shares of the firm’s stock in a transaction on Friday, November 2nd. The shares were acquired at an average cost of $196.37 per share, with a total value of $486,015.75. Following the purchase, the director now directly owns 3,468 shares of the company’s stock, valued at approximately $681,011.16. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.32% of the company’s stock.
Several equities research analysts have weighed in on MA shares. Credit Suisse Group increased their price target on Mastercard from $210.00 to $224.00 and gave the stock an “outperform” rating in a research report on Monday, October 8th. BMO Capital Markets increased their price target on Mastercard from $238.00 to $248.00 and gave the stock an “outperform” rating in a research report on Thursday, November 1st. Loop Capital set a $232.00 price target on Mastercard and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Zacks Investment Research downgraded Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday, November 14th. Finally, Royal Bank of Canada increased their price target on Mastercard from $223.00 to $232.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 11th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $220.82.
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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 related products and services.
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