Private Trust Co. NA trimmed its holdings in shares of Mastercard Inc (NYSE:MA) by 2.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,093 shares of the credit services provider’s stock after selling 450 shares during the quarter. Private Trust Co. NA’s holdings in Mastercard were worth $3,162,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. grew its stake in Mastercard by 1.9% in the first quarter. BlackRock Inc. now owns 64,578,003 shares of the credit services provider’s stock worth $11,311,482,000 after purchasing an additional 1,232,199 shares in the last quarter. Geode Capital Management LLC grew its stake in Mastercard by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 10,930,672 shares of the credit services provider’s stock worth $1,651,362,000 after purchasing an additional 396,897 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Mastercard by 3.2% in the first quarter. JPMorgan Chase & Co. now owns 10,815,089 shares of the credit services provider’s stock worth $1,894,372,000 after purchasing an additional 335,213 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Mastercard by 9.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 8,911,051 shares of the credit services provider’s stock worth $1,560,860,000 after purchasing an additional 750,224 shares in the last quarter. Finally, Magellan Asset Management Ltd grew its stake in Mastercard by 4.9% in the fourth quarter. Magellan Asset Management Ltd now owns 8,385,649 shares of the credit services provider’s stock worth $1,269,252,000 after purchasing an additional 388,146 shares in the last quarter. 74.69% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have commented on MA. Buckingham Research lifted their target price on Mastercard from $194.00 to $222.00 and gave the company a “buy” rating in a research note on Tuesday, June 26th. Zacks Investment Research upgraded Mastercard from a “hold” rating to a “strong-buy” rating and set a $227.00 target price for the company in a research note on Wednesday, June 6th. Wells Fargo & Co restated a “buy” rating on shares of Mastercard in a research note on Wednesday, May 30th. UBS Group began coverage on Mastercard in a research note on Thursday, May 17th. They issued a “neutral” rating and a $205.00 target price for the company. Finally, KeyCorp lifted their target price on Mastercard from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, May 4th. Three research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $188.76.
In related news, insider Michael Fraccaro sold 3,993 shares of the business’s stock in a transaction that occurred on Tuesday, April 10th. The stock was sold at an average price of $173.37, for a total transaction of $692,266.41. Following the sale, the insider now owns 5,353 shares of the company’s stock, valued at $928,049.61. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Craig Vosburg sold 17,496 shares of the business’s stock in a transaction that occurred on Thursday, May 3rd. The stock was sold at an average price of $185.96, for a total value of $3,253,556.16. Following the sale, the insider now directly owns 42,229 shares in the company, valued at approximately $7,852,904.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 264,631 shares of company stock worth $49,138,332. 0.32% of the stock is owned by corporate insiders.
Shares of NYSE MA opened at $197.67 on Tuesday. Mastercard Inc has a 12-month low of $120.65 and a 12-month high of $204.00. The company has a market cap of $205.16 billion, a PE ratio of 43.16, a price-to-earnings-growth ratio of 1.63 and a beta of 1.18. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.64 and a quick ratio of 1.64.
Mastercard (NYSE:MA) last announced its earnings results on Wednesday, May 2nd. The credit services provider reported $1.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.25. Mastercard had a return on equity of 91.56% and a net margin of 32.42%. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the previous year, the company earned $1.01 earnings per share. The firm’s quarterly revenue was up 30.9% compared to the same quarter last year. analysts predict that Mastercard Inc will post 6.32 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 9th. Investors of record on Monday, July 9th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, July 6th. This represents a $1.00 annualized dividend and a yield of 0.51%. Mastercard’s payout ratio is 21.83%.
Mastercard Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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