LMR Partners LLP bought a new position in MasterCard Inc. (NYSE:MA) during the second quarter, Holdings Channel reports. The fund bought 10,257 shares of the company’s stock, valued at approximately $903,000.
Several other large investors have also recently made changes to their positions in the company. Bank of Montreal Can purchased a new stake in shares of MasterCard during the second quarter worth about $217,521,000. Carmignac Gestion boosted its stake in MasterCard by 21.2% in the second quarter. Carmignac Gestion now owns 5,993,989 shares of the company’s stock valued at $527,831,000 after buying an additional 1,047,867 shares during the last quarter. Findlay Park Partners LLP boosted its stake in MasterCard by 94.7% in the first quarter. Findlay Park Partners LLP now owns 1,850,000 shares of the company’s stock valued at $174,825,000 after buying an additional 900,000 shares during the last quarter. Bristol John W & Co. Inc. NY bought a new stake in MasterCard during the second quarter valued at $62,970,000. Finally, Credit Agricole S A boosted its stake in MasterCard by 144.1% in the first quarter. Credit Agricole S A now owns 971,323 shares of the company’s stock valued at $91,790,000 after buying an additional 573,334 shares during the last quarter. Institutional investors and hedge funds own 75.12% of the company’s stock.
MasterCard Inc. (NYSE:MA) traded down 0.67% during mid-day trading on Friday, hitting $102.25. 4,225,571 shares of the stock were exchanged. The stock has a 50 day moving average price of $99.34 and a 200 day moving average price of $95.75. The company has a market capitalization of $112.24 billion, a PE ratio of 29.99 and a beta of 1.19. MasterCard Inc. has a 1-year low of $78.52 and a 1-year high of $103.49.
MasterCard (NYSE:MA) last released its earnings results on Thursday, July 28th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. The business earned $2.70 billion during the quarter, compared to the consensus estimate of $2.59 billion. MasterCard had a net margin of 37.39% and a return on equity of 66.32%. The company’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 firm posted $0.85 EPS. On average, equities analysts anticipate that MasterCard Inc. will post $3.63 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 9th. Shareholders of record on Monday, October 10th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, October 5th. MasterCard’s dividend payout ratio is presently 22.35%.
MA has been the subject of several research reports. Jefferies Group restated a “buy” rating on shares of MasterCard in a research report on Thursday, August 25th. Sanford C. Bernstein restated an “outperform” rating and issued a $110.00 price objective on shares of MasterCard in a research report on Saturday, July 2nd. Zacks Investment Research upgraded shares of MasterCard from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a research report on Wednesday, September 28th. Robert W. Baird restated an “outperform” rating and issued a $115.00 price objective on shares of MasterCard in a research report on Monday, July 25th. Finally, Vetr cut shares of MasterCard from a “buy” rating to a “hold” rating and set a $105.86 price objective for the company. in a research report on Monday, October 3rd. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $109.71.
In other MasterCard news, major shareholder Foundation Mastercard sold 84,000 shares of the stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $92.64, for a total transaction of $7,781,760.00. Following the completion of the sale, the insider now owns 115,064,971 shares of the company’s stock, valued at approximately $10,659,618,913.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Haythornthwaite sold 5,000 shares of the stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $101.78, for a total transaction of $508,900.00. Following the sale, the director now directly owns 52,423 shares of the company’s stock, valued at approximately $5,335,612.94. The disclosure for this sale can be found here. Company insiders own 3.14% 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. 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.
Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MasterCard Inc. (NYSE:MA).
Receive News & Ratings for MasterCard Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MasterCard Inc. and related companies with MarketBeat.com's FREE daily email newsletter.