Glenview State Bank Trust DEPT. cut its position in shares of MasterCard Inc. (NYSE:MA) by 6.1% during the second quarter, Holdings Channel reports. The firm owned 3,850 shares of the company’s stock after selling 250 shares during the period. Glenview State Bank Trust DEPT.’s holdings in MasterCard were worth $339,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in MA. Penobscot Investment Management Company Inc. raised its position in shares of MasterCard by 4.2% in the second quarter. Penobscot Investment Management Company Inc. now owns 37,925 shares of the company’s stock worth $3,340,000 after buying an additional 1,520 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in shares of MasterCard during the second quarter worth $2,837,000. Concert Wealth Management Inc. raised its position in shares of MasterCard by 2.9% in the second quarter. Concert Wealth Management Inc. now owns 10,042 shares of the company’s stock worth $884,000 after buying an additional 283 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new position in shares of MasterCard during the second quarter worth $1,042,000. Finally, Harvey Investment Co. LLC raised its position in shares of MasterCard by 1.5% in the second quarter. Harvey Investment Co. LLC now owns 39,550 shares of the company’s stock worth $3,483,000 after buying an additional 600 shares in the last quarter. Institutional investors own 75.13% of the company’s stock.
Shares of MasterCard Inc. (NYSE:MA) traded up 0.23% during midday trading on Friday, hitting $100.88. The stock had a trading volume of 3,280,440 shares. The stock has a 50-day moving average price of $100.15 and a 200-day moving average price of $96.07. The stock has a market cap of $110.74 billion, a P/E ratio of 29.59 and a beta of 1.19. MasterCard Inc. has a 12-month low of $78.52 and a 12-month high of $103.49.
MasterCard (NYSE:MA) last announced its earnings results on Thursday, July 28th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.59 billion. MasterCard had a return on equity of 66.32% and a net margin of 37.39%. MasterCard’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 EPS. Equities analysts forecast that MasterCard Inc. will post $3.63 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 9th. Shareholders of record on Monday, October 10th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, October 5th. MasterCard’s dividend payout ratio (DPR) is presently 22.35%.
A number of research analysts have recently weighed in on the company. William Blair reissued an “outperform” rating on shares of MasterCard in a report on Tuesday, July 19th. BMO Capital Markets reaffirmed an “outperform” rating and set a $128.00 target price (up from $120.00) on shares of MasterCard in a report on Friday, July 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $110.00 target price on shares of MasterCard in a report on Saturday, July 2nd. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $118.00 target price on shares of MasterCard in a report on Monday, July 18th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $112.00 target price on shares of MasterCard in a report on Thursday, September 8th. Six equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $109.90.
In other MasterCard news, major shareholder Foundation Mastercard sold 84,000 shares of the 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 sale, the insider now owns 115,148,971 shares in the company, valued at approximately $10,498,131,686.07. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ann Cairns sold 26,630 shares of the stock in a transaction on 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. 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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