Middleton & Co Inc MA cut its stake in shares of Mastercard Inc (NYSE:MA) by 5.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,244 shares of the credit services provider’s stock after selling 200 shares during the quarter. Middleton & Co Inc MA’s holdings in Mastercard were worth $858,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Norges Bank bought a new stake in Mastercard during the fourth quarter valued at approximately $1,701,899,000. Thoroughbred Financial Services LLC boosted its holdings in Mastercard by 26,075.5% in the second quarter. Thoroughbred Financial Services LLC now owns 1,285,481 shares of the credit services provider’s stock valued at $128,548,000 after acquiring an additional 1,280,570 shares in the last quarter. Millennium Management LLC boosted its holdings in Mastercard by 673.1% in the fourth quarter. Millennium Management LLC now owns 1,400,813 shares of the credit services provider’s stock valued at $264,263,000 after acquiring an additional 1,219,620 shares in the last quarter. FMR LLC boosted its holdings in Mastercard by 1.8% in the first quarter. FMR LLC now owns 40,441,076 shares of the credit services provider’s stock valued at $9,521,850,000 after acquiring an additional 720,407 shares in the last quarter. Finally, Investec Asset Management LTD boosted its holdings in Mastercard by 144.3% in the first quarter. Investec Asset Management LTD now owns 1,097,888 shares of the credit services provider’s stock valued at $258,498,000 after acquiring an additional 648,434 shares in the last quarter. Hedge funds and other institutional investors own 74.39% of the company’s stock.
Mastercard stock opened at $258.77 on Monday. The stock has a market capitalization of $275.25 billion, a PE ratio of 39.87, a PEG ratio of 2.11 and a beta of 1.08. Mastercard Inc has a 12 month low of $171.89 and a 12 month high of $283.33. The firm has a 50 day simple moving average of $271.45. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.41.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.89 EPS for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.07. The business had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.66 earnings per share. Equities analysts forecast that Mastercard Inc will post 7.61 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Monday, July 8th. Mastercard’s dividend payout ratio (DPR) is presently 20.34%.
A number of brokerages have recently commented on MA. Argus boosted their target price on shares of Mastercard to $320.00 and gave the company an “average” rating in a report on Wednesday, July 31st. Wells Fargo & Co increased their target price on shares of Mastercard from $285.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, July 10th. Wedbush upped their price target on Mastercard from $261.00 to $287.00 and gave the stock an “outperform” rating in a research note on Thursday, June 13th. BMO Capital Markets set a $328.00 price target on Mastercard and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Raymond James increased their target price on Mastercard from $300.00 to $308.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $287.20.
In other news, Vice Chairman Ann Cairns sold 51,850 shares of Mastercard stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $259.80, for a total value of $13,470,630.00. Following the sale, the insider now directly owns 134,120 shares of the company’s stock, valued at $34,844,376. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lance Darrell Gordon Uggla purchased 1,500 shares of the stock in a transaction dated Thursday, August 1st. The stock was purchased at an average cost of $275.71 per share, for a total transaction of $413,565.00. Following the completion of the purchase, the director now directly owns 3,691 shares of the company’s stock, valued at $1,017,645.61. The disclosure for this purchase can be found here. Insiders sold 137,921 shares of company stock valued at $37,322,422 over the last 90 days. Company insiders own 3.70% of the company’s stock.
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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