Beaumont Financial Partners LLC reduced its stake in Mastercard Incorporated (NYSE:MA) by 13.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,745 shares of the credit services provider’s stock after selling 905 shares during the quarter. Beaumont Financial Partners LLC’s holdings in Mastercard were worth $698,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. American Beacon Advisors Inc. bought a new stake in Mastercard in the first quarter worth approximately $100,000. Chicago Partners Investment Group LLC increased its holdings in Mastercard by 1,365.6% in the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after purchasing an additional 874 shares in the last quarter. Thompson Davis & CO. Inc. increased its holdings in Mastercard by 170.1% in the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after purchasing an additional 546 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in Mastercard by 108.2% in the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after purchasing an additional 464 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Mastercard in the second quarter worth approximately $121,000. 76.21% of the stock is currently owned by institutional investors.
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In related news, Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total transaction of $712,550.00. Following the sale, the director now directly owns 45,278 shares in the company, valued at approximately $6,452,567.78. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Craig Vosburg sold 14,200 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total value of $2,014,412.00. Following the sale, the insider now owns 40,646 shares in the company, valued at $5,766,041.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,000 shares of company stock worth $3,582,984. 0.30% of the stock is currently owned by corporate insiders.
Shares of Mastercard Incorporated (NYSE MA) opened at $149.02 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66. Mastercard Incorporated has a one year low of $99.51 and a one year high of $152.00. The stock has a market capitalization of $159,150.00, a price-to-earnings ratio of 34.79, a P/E/G ratio of 2.00 and a beta of 1.22.
Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The company had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period in the previous year, the company posted $1.08 EPS. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. research analysts anticipate that Mastercard Incorporated will post 4.54 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Friday, October 6th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.59%. Mastercard’s payout ratio is 20.51%.
MA has been the subject of a number of research analyst reports. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $145.00 target price on shares of Mastercard in a report on Friday, September 8th. Nomura lifted their target price on Mastercard from $153.00 to $163.00 and gave the stock a “buy” rating in a report on Friday, September 8th. Citigroup Inc. lifted their target price on Mastercard from $157.00 to $167.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $158.00 target price (up from $149.00) on shares of Mastercard in a report on Friday, September 8th. Finally, Guggenheim upgraded Mastercard from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $135.00 to $153.00 in a report on Monday, September 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $157.68.
Mastercard Company Profile
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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