Bedrijfstakpensioenfonds Voor DE Media PNO trimmed its position in shares of Mastercard Inc (NYSE:MA) by 7.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,500 shares of the credit services provider’s stock after selling 7,500 shares during the period. Mastercard makes up approximately 3.8% of Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings, making the stock its 6th largest holding. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in Mastercard were worth $22,045,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. DeDora Capital Inc. raised its position in Mastercard by 4.4% in the 2nd quarter. DeDora Capital Inc. now owns 4,850 shares of the credit services provider’s stock valued at $1,283,000 after purchasing an additional 203 shares during the last quarter. Smith Asset Management Group LP bought a new position in shares of Mastercard in the second quarter valued at about $18,541,000. Dearborn Partners LLC lifted its position in Mastercard by 3.5% during the 2nd quarter. Dearborn Partners LLC now owns 140,223 shares of the credit services provider’s stock worth $37,093,000 after buying an additional 4,762 shares in the last quarter. Brightworth grew its holdings in Mastercard by 18.4% during the 2nd quarter. Brightworth now owns 3,852 shares of the credit services provider’s stock worth $1,019,000 after acquiring an additional 599 shares during the last quarter. Finally, DE Burlo Group Inc. grew its holdings in Mastercard by 5.5% during the 2nd quarter. DE Burlo Group Inc. now owns 86,720 shares of the credit services provider’s stock worth $22,940,000 after acquiring an additional 4,550 shares during the last quarter. 73.81% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on MA shares. Morgan Stanley boosted their target price on shares of Mastercard from $291.00 to $315.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Moffett Nathanson set a $320.00 price target on shares of Mastercard and gave the company a “buy” rating in a research note on Wednesday, September 18th. Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a report on Tuesday, September 3rd. Guggenheim set a $305.00 price target on shares of Mastercard and gave the company a “buy” rating in a report on Friday, November 1st. Finally, BMO Capital Markets boosted their price objective on shares of Mastercard to $348.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $303.32.
In other Mastercard news, insider Michael Miebach sold 2,770 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $285.00, for a total transaction of $789,450.00. Following the sale, the insider now directly owns 12,778 shares in the company, valued at $3,641,730. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Foundation Mastercard sold 7,542 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $278.86, for a total transaction of $2,103,162.12. Following the sale, the insider now owns 112,015,230 shares in the company, valued at $31,236,567,037.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 98,279 shares of company stock valued at $27,063,012. 3.70% of the stock is currently owned by corporate insiders.
NYSE:MA traded down $1.98 during mid-day trading on Tuesday, hitting $284.49. The stock had a trading volume of 792,065 shares, compared to its average volume of 2,953,784. Mastercard Inc has a twelve month low of $171.89 and a twelve month high of $293.69. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market cap of $294.82 billion, a price-to-earnings ratio of 43.84, a PEG ratio of 2.38 and a beta of 1.04. The company’s 50 day simple moving average is $278.13 and its 200 day simple moving average is $271.88.
Mastercard (NYSE:MA) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.14. Mastercard had a return on equity of 146.92% and a net margin of 42.50%. The business had revenue of $4.47 billion during the quarter, compared to the consensus estimate of $4.41 billion. During the same quarter last year, the firm posted $1.78 EPS. The company’s quarterly revenue was up 14.6% on a year-over-year basis. As a group, equities analysts forecast that Mastercard Inc will post 7.69 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were given a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.46%. Mastercard’s payout ratio is 20.34%.
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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