Dock Street Asset Management Inc. raised its position in shares of MasterCard Inc. (NYSE:MA) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,556 shares of the company’s stock after buying an additional 341 shares during the period. MasterCard accounts for approximately 3.3% of Dock Street Asset Management Inc.’s portfolio, making the stock its 12th largest position. Dock Street Asset Management Inc.’s holdings in MasterCard were worth $3,747,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new position in MasterCard during the first quarter worth about $106,000. Seven Bridges Advisors LLC acquired a new position in MasterCard during the second quarter worth about $109,000. First New York Securities LLC NY increased its position in MasterCard by 2,450.0% in the second quarter. First New York Securities LLC NY now owns 1,530 shares of the company’s stock worth $135,000 after buying an additional 1,470 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in MasterCard during the second quarter worth about $155,000. Finally, Hartford Financial Management Inc. increased its position in MasterCard by 76.0% in the second quarter. Hartford Financial Management Inc. now owns 2,200 shares of the company’s stock worth $193,000 after buying an additional 950 shares in the last quarter. Hedge funds and other institutional investors own 75.12% of the company’s stock.
MasterCard Inc. (NYSE:MA) traded up 1.36% during trading on Wednesday, reaching $102.40. 3,768,727 shares of the company’s stock traded hands. MasterCard Inc. has a 1-year low of $78.52 and a 1-year high of $102.67. The firm has a market capitalization of $112.41 billion, a PE ratio of 30.04 and a beta of 1.19. The firm has a 50 day moving average of $98.83 and a 200 day moving average of $95.58.
MasterCard (NYSE:MA) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.06. MasterCard had a net margin of 37.39% and a return on equity of 66.32%. The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same period last year, the company earned $0.85 EPS. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. Equities analysts forecast that MasterCard Inc. will post $3.63 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 9th. Shareholders of record on Monday, October 10th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.76 annualized dividend and a dividend yield of 0.74%. MasterCard’s dividend payout ratio is currently 22.35%.
Several equities research analysts have weighed in on MA shares. Vetr upgraded shares of MasterCard from a “hold” rating to a “buy” rating and set a $98.52 target price for the company in a research note on Monday, June 13th. Wells Fargo & Co. restated a “market perform” rating and issued a $105.00 target price on shares of MasterCard in a research note on Wednesday, June 15th. Robert W. Baird restated a “buy” rating on shares of MasterCard in a research note on Wednesday, June 15th. Sanford C. Bernstein restated an “outperform” rating and issued a $110.00 target price on shares of MasterCard in a research note on Saturday, July 2nd. Finally, Jefferies Group restated a “buy” rating on shares of MasterCard in a research note on Tuesday, July 5th. Seven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $109.71.
In related news, Director Silvio Barzi sold 9,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $96.47, for a total value of $926,112.00. Following the sale, the director now directly owns 16,391 shares of the company’s stock, valued at $1,581,239.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 84,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 21st. The stock was 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 directly owns 115,064,971 shares in the company, valued at $10,659,618,913.44. The disclosure for this sale can be found here. Company insiders own 3.14% of the company’s stock.
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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