GAM Holding AG lowered its stake in Mastercard Incorporated (NYSE:MA) by 24.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 215,965 shares of the credit services provider’s stock after selling 68,988 shares during the period. GAM Holding AG’s holdings in Mastercard were worth $26,229,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of MA. Waldron LP acquired a new stake in shares of Mastercard in the first quarter valued at approximately $823,000. Checchi Capital Advisers LLC increased its holdings in shares of Mastercard by 6.6% in the first quarter. Checchi Capital Advisers LLC now owns 9,830 shares of the credit services provider’s stock valued at $1,106,000 after purchasing an additional 605 shares in the last quarter. Davis R M Inc. increased its holdings in shares of Mastercard by 14.8% in the first quarter. Davis R M Inc. now owns 2,227 shares of the credit services provider’s stock valued at $250,000 after purchasing an additional 287 shares in the last quarter. Maple Capital Management Inc. increased its holdings in shares of Mastercard by 11.3% in the first quarter. Maple Capital Management Inc. now owns 57,153 shares of the credit services provider’s stock valued at $6,428,000 after purchasing an additional 5,780 shares in the last quarter. Finally, Strategic Advisors LLC increased its holdings in shares of Mastercard by 21.5% in the first quarter. Strategic Advisors LLC now owns 7,538 shares of the credit services provider’s stock valued at $848,000 after purchasing an additional 1,332 shares in the last quarter. 75.98% of the stock is owned by institutional investors and hedge funds.
MA has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $136.00 target price for the company in a report on Wednesday, July 5th. Jefferies Group LLC reaffirmed a “buy” rating and set a $147.00 target price (up previously from $140.00) on shares of Mastercard in a report on Tuesday, July 18th. BidaskClub raised shares of Mastercard from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Deutsche Bank AG reaffirmed a “buy” rating and set a $150.00 target price (up previously from $124.00) on shares of Mastercard in a report on Monday, July 10th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $125.00 target price on shares of Mastercard in a report on Friday, July 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $148.54.
Shares of Mastercard Incorporated (NYSE:MA) opened at 148.52 on Friday. The firm has a 50-day moving average of $142.60 and a 200 day moving average of $128.49. The firm has a market capitalization of $158.16 billion, a price-to-earnings ratio of 36.85 and a beta of 1.18. Mastercard Incorporated has a 52 week low of $99.51 and a 52 week high of $148.52.
Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period last year, the firm earned $0.96 earnings per share. The firm’s revenue was up 13.3% on a year-over-year basis. On average, equities analysts predict that Mastercard Incorporated will post $4.44 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Friday, October 6th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Thursday, October 5th. Mastercard’s payout ratio is currently 21.78%.
In related news, insider Michael Fraccaro sold 5,800 shares of the firm’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $147.59, for a total transaction of $856,022.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Martina Hundmejean sold 91,107 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the transaction, the chief financial officer now directly owns 170,570 shares in the company, valued at $22,138,280.30. The disclosure for this sale can be found here. Insiders have sold 408,172 shares of company stock worth $53,121,532 over the last three months. 0.30% of the stock is owned by insiders.
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MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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