Greenleaf Trust reduced its position in MasterCard Inc. (NYSE:MA) by 14.8% during the second quarter, Holdings Channel reports. The fund owned 13,420 shares of the company’s stock after selling 2,337 shares during the period. Greenleaf Trust’s holdings in MasterCard were worth $1,182,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of MA. Bank of Montreal Can purchased a new position in shares of MasterCard during the second quarter valued at about $217,521,000. Carmignac Gestion raised its position in shares of 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 in the last quarter. Findlay Park Partners LLP raised its position in shares of 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 in the last quarter. Bristol John W & Co. Inc. NY purchased a new position in shares of MasterCard during the second quarter valued at about $62,970,000. Finally, Credit Agricole S A raised its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 75.13% of the company’s stock.
MasterCard Inc. (NYSE:MA) traded up 0.58% during mid-day trading on Monday, hitting $102.84. 1,682,874 shares of the company were exchanged. The company’s 50-day moving average is $99.34 and its 200 day moving average is $95.75. MasterCard Inc. has a 12-month low of $78.52 and a 12-month high of $103.49. The company has a market capitalization of $112.89 billion, a P/E ratio of 30.17 and a beta of 1.18.
MasterCard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.96 earnings per share for the quarter, beating the 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 firm earned $2.70 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The business’s revenue was up 12.7% compared to the same quarter last year. Analysts expect that MasterCard Inc. will post $3.63 EPS for the current year.
The business 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 $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 (DPR) is currently 22.35%.
Several brokerages recently issued reports on MA. Vetr lowered MasterCard from a “buy” rating to a “hold” rating and set a $105.86 price target on the stock. in a research note on Monday, October 3rd. Zacks Investment Research upgraded MasterCard from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a research note on Wednesday, September 28th. Pacific Crest set a $110.00 price objective on MasterCard and gave the company a “buy” rating in a research note on Wednesday, September 14th. Bank of America Corp. set a $103.00 price objective on MasterCard and gave the company a “hold” rating in a research note on Thursday, September 8th. Finally, Argus reiterated a “hold” rating on shares of MasterCard in a research note on Thursday, September 8th. Seven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $109.71.
In other MasterCard news, CFO Martina Hundmejean sold 94,345 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 214,968 shares of the company’s stock, valued at approximately $20,813,201.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Silvio Barzi sold 9,600 shares of the company’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $96.47, for a total transaction of $926,112.00. Following the completion of the sale, the director now directly owns 16,391 shares of the company’s stock, valued at $1,581,239.77. The disclosure for this sale can be found here. 3.14% of the stock is currently owned by company 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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