Crewe Advisors LLC trimmed its position in shares of Mastercard Inc (NYSE:MA) by 55.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 983 shares of the credit services provider’s stock after selling 1,203 shares during the period. Crewe Advisors LLC’s holdings in Mastercard were worth $267,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in MA. Cox Capital Mgt LLC increased its position in shares of Mastercard by 3.0% during the 2nd quarter. Cox Capital Mgt LLC now owns 10,534 shares of the credit services provider’s stock valued at $2,787,000 after purchasing an additional 310 shares during the last quarter. Park National Corp OH boosted its holdings in Mastercard by 16.5% during the 2nd quarter. Park National Corp OH now owns 1,510 shares of the credit services provider’s stock valued at $399,000 after acquiring an additional 214 shares during the period. South Texas Money Management Ltd. boosted its holdings in Mastercard by 3.0% during the 2nd quarter. South Texas Money Management Ltd. now owns 2,163 shares of the credit services provider’s stock valued at $572,000 after acquiring an additional 63 shares during the period. Winfield Associates Inc. purchased a new position in Mastercard during the 2nd quarter valued at $143,000. Finally, Foundations Investment Advisors LLC boosted its holdings in Mastercard by 13.3% during the 2nd quarter. Foundations Investment Advisors LLC now owns 6,811 shares of the credit services provider’s stock valued at $1,860,000 after acquiring an additional 801 shares during the period. Institutional investors and hedge funds own 74.13% of the company’s stock.
In related news, major shareholder Foundation Mastercard sold 7,542 shares of the company’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $278.16, for a total transaction of $2,097,882.72. Following the completion of the sale, the insider now directly owns 112,015,230 shares in the company, valued at approximately $31,158,156,376.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Miebach sold 2,770 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $285.00, for a total value of $789,450.00. Following the sale, the insider now owns 12,778 shares of the company’s stock, valued at $3,641,730. The disclosure for this sale can be found here. Insiders have sold a total of 83,190 shares of company stock valued at $22,826,323 over the last 90 days. 3.70% of the stock is currently owned by company insiders.
A number of equities analysts recently issued reports on the company. Guggenheim set a $305.00 price objective on Mastercard and gave the company a “buy” rating in a report on Friday, November 1st. Credit Suisse Group set a $292.00 target price on Mastercard and gave the stock a “buy” rating in a report on Tuesday, September 10th. Royal Bank of Canada set a $315.00 target price on Mastercard and gave the stock a “buy” rating in a report on Wednesday, August 7th. ValuEngine cut Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, UBS Group upped their target price on Mastercard from $300.00 to $312.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. Mastercard has a consensus rating of “Buy” and a consensus price target of $303.45.
Shares of NYSE MA opened at $277.00 on Tuesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market capitalization of $277.33 billion, a P/E ratio of 42.68, a price-to-earnings-growth ratio of 2.24 and a beta of 1.04. Mastercard Inc has a 1-year low of $171.89 and a 1-year high of $293.69. The business has a fifty day moving average price of $272.54 and a 200 day moving average price of $267.86.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.14. The firm had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.41 billion. Mastercard had a return on equity of 146.92% and a net margin of 42.50%. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.78 EPS. As a group, equities research analysts anticipate that Mastercard Inc will post 7.69 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Tuesday, October 8th. Mastercard’s dividend payout ratio (DPR) is currently 20.34%.
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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