Ownership Capital B.V. increased its stake in shares of MasterCard Inc. (NYSE:MA) by 15.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 747,173 shares of the company’s stock after buying an additional 97,330 shares during the period. MasterCard makes up 10.5% of Ownership Capital B.V.’s portfolio, making the stock its largest position. Ownership Capital B.V.’s holdings in MasterCard were worth $65,796,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. increased its position in shares of MasterCard by 0.4% in the first quarter. Duncker Streett & Co. Inc. now owns 54,064 shares of the company’s stock worth $5,109,000 after buying an additional 222 shares during the last quarter. Douglas Lane & Associates LLC purchased a new stake in MasterCard during the first quarter worth $59,509,000. First Manhattan Co. raised its stake in MasterCard by 2.8% in the first quarter. First Manhattan Co. now owns 4,573 shares of the company’s stock worth $432,000 after buying an additional 123 shares during the period. Saddle Road Partners LLC raised its stake in MasterCard by 8.0% in the first quarter. Saddle Road Partners LLC now owns 6,986 shares of the company’s stock worth $660,000 after buying an additional 515 shares during the period. Finally, Bridges Investment Management Inc. raised its stake in MasterCard by 0.4% in the first quarter. Bridges Investment Management Inc. now owns 175,084 shares of the company’s stock worth $16,366,000 after buying an additional 680 shares during the period. 75.12% of the stock is owned by institutional investors and hedge funds.
MasterCard Inc. (NYSE:MA) traded up 0.29% on Tuesday, reaching $101.45. 3,547,736 shares of the company’s stock were exchanged. MasterCard Inc. has a 1-year low of $78.52 and a 1-year high of $102.23. The firm has a 50-day moving average price of $98.02 and a 200-day moving average price of $95.18. The company has a market capitalization of $111.37 billion, a P/E ratio of 29.76 and a beta of 1.15.
MasterCard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. The business earned $2.70 billion during the quarter, compared to analyst estimates of $2.59 billion. MasterCard had a net margin of 37.39% and a return on equity of 66.32%. The business’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 earnings per share. Equities research analysts expect that MasterCard Inc. will post $3.63 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 9th. Investors of record on Monday, October 10th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.75%. MasterCard’s dividend payout ratio (DPR) is presently 22.35%.
MA has been the topic of a number of recent analyst reports. Bank of America Corp. set a $103.00 price objective on shares of MasterCard and gave the stock a “hold” rating in a research report on Thursday, September 8th. Pacific Crest set a $110.00 price objective on shares of MasterCard and gave the stock a “buy” rating in a research report on Wednesday, September 14th. Argus reissued a “hold” rating on shares of MasterCard in a research report on Thursday, September 8th. Vetr lowered shares of MasterCard from a “buy” rating to a “hold” rating and set a $105.86 price objective on the stock. in a research report on Thursday, September 22nd. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a $108.00 price objective on shares of MasterCard in a research report on Monday, June 6th. Eight investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $109.55.
In other MasterCard news, major shareholder Foundation Mastercard sold 84,000 shares of the business’s stock in a transaction 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 in the company, valued at $10,659,618,913.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Silvio Barzi sold 9,600 shares of the business’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $96.47, for a total transaction of $926,112.00. Following the sale, the director now owns 16,391 shares of the company’s stock, valued at approximately $1,581,239.77. The disclosure for this sale can be found here. 3.14% of the stock is currently owned by corporate insiders.
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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