FMR LLC lessened its holdings in Mastercard Incorporated (NYSE:MA) by 1.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,450,612 shares of the credit services provider’s stock after selling 676,766 shares during the period. Mastercard makes up approximately 0.6% of FMR LLC’s portfolio, making the stock its 22nd largest position. FMR LLC owned 3.70% of Mastercard worth $4,791,276,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in MA. Friedberg Investment Management acquired a new position in shares of Mastercard during the first quarter worth about $1,156,000. Abbrea Capital LLC boosted its holdings in Mastercard by 5.2% during the first quarter. Abbrea Capital LLC now owns 2,038 shares of the credit services provider’s stock worth $229,000 after buying an additional 100 shares in the last quarter. Marcus Capital LLC boosted its holdings in Mastercard by 0.5% during the first quarter. Marcus Capital LLC now owns 20,725 shares of the credit services provider’s stock worth $2,331,000 after buying an additional 100 shares in the last quarter. Founders Capital Management purchased a new stake in Mastercard during the first quarter worth about $239,000. Finally, Independent Advisor Alliance lifted its holdings in shares of Mastercard by 3.6% in the first quarter. Independent Advisor Alliance now owns 3,771 shares of the credit services provider’s stock valued at $423,000 after purchasing an additional 131 shares in the last quarter. 75.81% of the stock is owned by institutional investors and hedge funds.
In other Mastercard news, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $142.51, for a total transaction of $712,550.00. Following the sale, the director now owns 45,278 shares in the company, valued at $6,452,567.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Fraccaro sold 5,800 shares of Mastercard stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total transaction of $856,022.00. The disclosure for this sale can be found here. In the last three months, insiders sold 25,000 shares of company stock worth $3,582,984. Insiders own 0.30% of the company’s stock.
Mastercard Incorporated (NYSE MA) traded down $6.26 during mid-day trading on Monday, hitting $143.43. 7,485,460 shares of the company traded hands, compared to its average volume of 3,202,194. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market capitalization of $158,471.11, a PE ratio of 34.73, a P/E/G ratio of 1.99 and a beta of 1.20. Mastercard Incorporated has a twelve month low of $101.80 and a twelve month high of $154.65.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.11. The firm had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.08 earnings per share. analysts predict that Mastercard Incorporated will post 4.54 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 9th will be given a $0.25 dividend. This is a positive change from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.70%. Mastercard’s dividend payout ratio (DPR) is currently 20.47%.
MA has been the topic of several recent research reports. Oppenheimer reaffirmed a “buy” rating and issued a $145.00 price target on shares of Mastercard in a report on Friday, September 8th. Citigroup boosted their price objective on shares of Mastercard from $157.00 to $167.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Nomura boosted their price objective on shares of Mastercard from $153.00 to $163.00 and gave the company a “buy” rating in a research report on Friday, September 8th. Susquehanna Bancshares reaffirmed a “positive” rating and set a $158.00 price target (up previously from $149.00) on shares of Mastercard in a research report on Friday, September 8th. Finally, Guggenheim raised shares of Mastercard from a “neutral” rating to a “buy” rating and upped their price target for the stock from $135.00 to $153.00 in a research report on Monday, September 11th. Two research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. Mastercard currently has a consensus rating of “Buy” and a consensus price target of $159.08.
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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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