Starfire Investment Advisers Inc. maintained its stake in MasterCard Inc. (NYSE:MA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,500 shares of the company’s stock at the end of the second quarter. Starfire Investment Advisers Inc.’s holdings in MasterCard were worth $484,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of MA. Morris Capital Advisors LLC acquired a new stake in MasterCard during the first quarter valued at approximately $4,336,000. Ngam Advisors L.P. boosted its stake in MasterCard by 5.3% in the first quarter. Ngam Advisors L.P. now owns 86,874 shares of the company’s stock valued at $8,209,000 after buying an additional 4,337 shares during the period. TIAA CREF Investment Management LLC boosted its stake in 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. Teachers Advisors Inc. boosted its stake in 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. Finally, Prudential Financial Inc. boosted its stake in MasterCard by 5.6% in the first quarter. Prudential Financial Inc. now owns 1,546,940 shares of the company’s stock valued at $146,186,000 after buying an additional 81,500 shares during the period. Hedge funds and other institutional investors own 75.13% of the company’s stock.
Shares of MasterCard Inc. (NYSE:MA) traded down 1.62% during mid-day trading on Tuesday, hitting $100.99. The stock had a trading volume of 1,876,459 shares. MasterCard Inc. has a 12-month low of $78.52 and a 12-month high of $103.49. The stock has a market cap of $110.86 billion, a price-to-earnings ratio of 29.62 and a beta of 1.18. The firm’s 50-day moving average price is $99.55 and its 200 day moving average price is $95.89.
MasterCard (NYSE:MA) last posted its earnings results on Thursday, July 28th. The company reported $0.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.06. The business earned $2.70 billion during the quarter, compared to the consensus estimate of $2.59 billion. MasterCard had a return on equity of 66.32% and a net margin of 37.39%. MasterCard’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS. Equities analysts forecast that MasterCard Inc. will post $3.63 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 9th. Investors of record on Monday, October 10th will be given 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 (DPR) is presently 22.35%.
A number of brokerages have recently issued reports on MA. Vetr cut MasterCard from a “buy” rating to a “hold” rating and set a $105.86 target price for the company. in a report on Monday, October 3rd. Zacks Investment Research upgraded MasterCard from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a report on Wednesday, September 28th. Pacific Crest set a $110.00 target price on MasterCard and gave the stock a “buy” rating in a report on Wednesday, September 14th. Bank of America Corp. set a $103.00 target price on MasterCard and gave the stock a “hold” rating in a report on Thursday, September 8th. Finally, Argus reiterated a “hold” rating on shares of MasterCard in a report on Thursday, September 8th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $109.71.
In related news, insider Ann Cairns sold 26,630 shares of the firm’s stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $101.79, for a total transaction of $2,710,667.70. Following the completion of the sale, the insider now directly owns 58,721 shares of the company’s stock, valued at approximately $5,977,210.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 84,000 shares of the firm’s stock in a transaction on Monday, July 18th. The shares were sold at an average price of $91.17, for a total value of $7,658,280.00. Following the sale, the insider now directly owns 115,148,971 shares of the company’s stock, valued at $10,498,131,686.07. The disclosure for this sale can be found here. Corporate 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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