MU Investments Co. Ltd. cut its stake in shares of MasterCard Inc. (NYSE:MA) by 64.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,540 shares of the company’s stock after selling 2,810 shares during the period. MU Investments Co. Ltd.’s holdings in MasterCard were worth $142,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of MA. First Manhattan Co. increased its stake in shares of MasterCard by 2.8% in the first quarter. First Manhattan Co. now owns 4,573 shares of the company’s stock valued at $432,000 after buying an additional 123 shares during the last quarter. RDL Financial Inc. increased its stake in shares of MasterCard by 76.4% in the first quarter. RDL Financial Inc. now owns 13,689 shares of the company’s stock valued at $1,294,000 after buying an additional 5,927 shares during the last quarter. Chesley Taft & Associates LLC increased its stake in shares of MasterCard by 0.7% in the first quarter. Chesley Taft & Associates LLC now owns 63,885 shares of the company’s stock valued at $6,037,000 after buying an additional 450 shares during the last quarter. Raub Brock Capital Management LP increased its stake in shares of MasterCard by 2.6% in the first quarter. Raub Brock Capital Management LP now owns 143,534 shares of the company’s stock valued at $13,564,000 after buying an additional 3,679 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its stake in shares of MasterCard by 17.3% in the first quarter. Glenmede Trust Co. NA now owns 327,291 shares of the company’s stock valued at $30,927,000 after buying an additional 48,304 shares during the last quarter. 75.12% of the stock is owned by hedge funds and other institutional investors.
MasterCard Inc. (NYSE:MA) traded up 1.15% during midday trading on Friday, hitting $101.77. 5,503,915 shares of the stock were exchanged. The company’s 50 day moving average is $98.43 and its 200 day moving average is $95.36. MasterCard Inc. has a 1-year low of $78.52 and a 1-year high of $102.31. The company has a market capitalization of $111.72 billion, a P/E ratio of 29.85 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 for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.06. The company had revenue of $2.70 billion for 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%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS. Analysts predict that MasterCard Inc. will post $3.63 earnings per share for the current fiscal year.
The company also recently disclosed 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 yield of 0.75%. The ex-dividend date of this dividend is Wednesday, October 5th. MasterCard’s dividend payout ratio is currently 22.35%.
Several equities research analysts have commented on MA shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $108.00 target price on shares of MasterCard in a research note on Monday, June 6th. Vetr upgraded shares of MasterCard from a “hold” rating to a “buy” rating and set a $98.52 price target for the company in a report on Monday, June 13th. Wells Fargo & Co. reiterated a “market perform” rating and issued a $105.00 price target on shares of MasterCard in a report on Wednesday, June 15th. Robert W. Baird reiterated a “buy” rating on shares of MasterCard in a report on Wednesday, June 15th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $110.00 price target on shares of MasterCard in a report on Saturday, July 2nd. Seven analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $109.71.
In other news, major shareholder Foundation Mastercard sold 56,016 shares of the company’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $96.53, for a total transaction of $5,407,224.48. Following the sale, the insider now directly owns 114,644,971 shares in the company, valued at $11,066,679,050.63. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Robert Reeg sold 6,000 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $94.79, for a total value of $568,740.00. Following the sale, the insider now owns 53,501 shares in the company, valued at $5,071,359.79. The disclosure for this sale can be found here. 3.14% of the stock is 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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