LS Investment Advisors LLC increased its stake in MasterCard Inc. (NYSE:MA) by 2.0% during the second quarter, Holdings Channel reports. The firm owned 19,883 shares of the company’s stock after buying an additional 386 shares during the period. LS Investment Advisors LLC’s holdings in MasterCard were worth $1,751,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. TIAA CREF Investment Management LLC increased its stake in shares of MasterCard by 0.9% in the first quarter. TIAA CREF Investment Management LLC now owns 8,859,628 shares of the company’s stock valued at $837,235,000 after buying an additional 76,494 shares during the period. Geode Capital Management LLC increased its stake in shares of MasterCard by 6.1% in the first quarter. Geode Capital Management LLC now owns 8,575,951 shares of the company’s stock valued at $808,899,000 after buying an additional 492,230 shares during the period. Legal & General Group Plc increased its stake in shares of MasterCard by 2.2% in the first quarter. Legal & General Group Plc now owns 4,178,642 shares of the company’s stock valued at $394,829,000 after buying an additional 88,996 shares during the period. Renaissance Technologies LLC increased its stake in shares of MasterCard by 15.8% in the first quarter. Renaissance Technologies LLC now owns 3,497,900 shares of the company’s stock valued at $330,552,000 after buying an additional 476,500 shares during the period. Finally, Teachers Advisors Inc. increased its stake in shares of MasterCard by 5.7% in the first quarter. Teachers Advisors Inc. now owns 2,542,544 shares of the company’s stock valued at $240,270,000 after buying an additional 136,091 shares during the period. 75.12% of the stock is owned by hedge funds and other institutional investors.
Shares of MasterCard Inc. (NYSE:MA) traded down 0.67% on Friday, hitting $102.25. The stock had a trading volume of 4,225,571 shares. The stock has a market cap of $112.24 billion, a PE ratio of 29.99 and a beta of 1.19. MasterCard Inc. has a 12 month low of $78.52 and a 12 month high of $103.49. The company has a 50 day moving average price of $99.34 and a 200-day moving average price of $95.75.
MasterCard (NYSE:MA) last issued its earnings results on Thursday, July 28th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.06. The company 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%. MasterCard’s quarterly revenue 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 research analysts anticipate that MasterCard Inc. will post $3.63 earnings per share for the current year.
The company 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 is Wednesday, October 5th. MasterCard’s dividend payout ratio is currently 22.35%.
MA has been the subject of several analyst reports. Jefferies Group reissued a “buy” rating on shares of MasterCard in a research note on Friday, August 12th. Nomura upped their target price on MasterCard from $109.00 to $113.00 and gave the company a “buy” rating in a report on Thursday, September 8th. Barclays PLC upped their target price on MasterCard from $107.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, September 8th. Pacific Crest set a $110.00 target price on MasterCard and gave the company a “buy” rating in a report on Wednesday, September 14th. Finally, Citigroup Inc. upped their target price on MasterCard from $106.00 to $108.00 and gave the company a “buy” rating in a report on Friday, July 29th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $109.71.
In other MasterCard news, CFO Martina Hundmejean sold 94,345 shares of the business’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $96.82, for a total value of $9,134,482.90. Following the sale, the chief financial officer now owns 214,968 shares in the company, valued at approximately $20,813,201.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 84,000 shares of the business’s stock in a transaction on 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 completion of the sale, the insider now owns 115,148,971 shares in the company, valued at approximately $10,498,131,686.07. The disclosure for this sale can be found here. 3.14% of the stock is currently 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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