Concert Wealth Management Inc. raised its position in shares of MasterCard Inc. (NYSE:MA) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,042 shares of the company’s stock after buying an additional 283 shares during the period. Concert Wealth Management Inc.’s holdings in MasterCard were worth $884,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Bank of Montreal Can acquired a new position in shares of MasterCard during the second quarter worth about $217,521,000. Carmignac Gestion increased its position in shares of MasterCard by 21.2% in the second quarter. Carmignac Gestion now owns 5,993,989 shares of the company’s stock worth $527,831,000 after buying an additional 1,047,867 shares during the last quarter. Findlay Park Partners LLP increased its position in shares of MasterCard by 94.7% in the first quarter. Findlay Park Partners LLP now owns 1,850,000 shares of the company’s stock worth $174,825,000 after buying an additional 900,000 shares during the last quarter. Bristol John W & Co. Inc. NY acquired a new position in shares of MasterCard during the second quarter worth about $62,970,000. Finally, Credit Agricole S A increased its position in shares of MasterCard by 144.1% in the first quarter. Credit Agricole S A now owns 971,323 shares of the company’s stock worth $91,790,000 after buying an additional 573,334 shares during the last quarter. 75.13% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MasterCard Inc. (NYSE:MA) traded down 1.30% during midday trading on Tuesday, hitting $101.32. The company had a trading volume of 1,303,892 shares. The company has a market capitalization of $111.22 billion, a PE ratio of 29.72 and a beta of 1.18. The company has a 50-day moving average of $99.55 and a 200-day moving average of $95.89. MasterCard Inc. has a 12 month low of $78.52 and a 12 month high of $103.49.
MasterCard (NYSE:MA) last posted its earnings results on Thursday, July 28th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.90 by $0.06. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.59 billion. MasterCard had a return on equity of 66.32% and a net margin of 37.39%. MasterCard’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 earnings per share. Analysts predict that MasterCard Inc. will post $3.63 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 9th. Investors of record on Monday, October 10th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, October 5th. MasterCard’s dividend payout ratio (DPR) is presently 22.35%.
MA has been the topic of a number of research analyst reports. Jefferies Group reaffirmed a “buy” rating on shares of MasterCard in a report on Thursday, August 25th. Sanford C. Bernstein reissued an “outperform” rating and issued a $110.00 target price on shares of MasterCard in a report on Saturday, July 2nd. Zacks Investment Research raised MasterCard from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a report on Wednesday, September 28th. Robert W. Baird reissued an “outperform” rating and issued a $115.00 target price on shares of MasterCard in a report on Monday, July 25th. Finally, Vetr downgraded MasterCard from a “buy” rating to a “hold” rating and set a $105.86 target price on the stock. in a report on Monday, October 3rd. Seven research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $109.71.
In other MasterCard news, major shareholder Foundation Mastercard sold 84,000 shares of the firm’s stock in a transaction dated Monday, July 18th. The stock was sold at an average price of $91.17, for a total transaction of $7,658,280.00. Following the transaction, the insider now owns 115,148,971 shares of the company’s stock, valued at $10,498,131,686.07. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ann Cairns sold 26,630 shares of the firm’s stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $101.79, for a total value of $2,710,667.70. Following the transaction, the insider now directly owns 58,721 shares in the company, valued at approximately $5,977,210.59. The disclosure for this sale can be found here. 3.14% of the stock is owned by corporate insiders.
MasterCard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.
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