MasterCard Inc. (MA) Shares Sold by Trilogy Global Advisors LP
Trilogy Global Advisors LP reduced its position in MasterCard Inc. (NYSE:MA) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,163,635 shares of the company’s stock after selling 29,829 shares during the period. MasterCard comprises about 3.2% of Trilogy Global Advisors LP’s holdings, making the stock its 6th largest position. Trilogy Global Advisors LP owned 0.11% of MasterCard worth $102,470,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new stake in MasterCard during the first quarter worth $106,000. Seven Bridges Advisors LLC purchased a new stake in MasterCard during the second quarter worth $109,000. Thompson Siegel & Walmsley LLC purchased a new stake in MasterCard during the second quarter worth $125,000. Societe Generale purchased a new stake in MasterCard during the second quarter worth $135,000. Finally, SG Americas Securities LLC increased its stake in MasterCard by 6.1% in the second quarter. SG Americas Securities LLC now owns 1,529 shares of the company’s stock worth $135,000 after buying an additional 88 shares during the period. Institutional investors and hedge funds own 75.25% of the company’s stock.
Shares of MasterCard Inc. (NYSE:MA) traded up 0.577% on Tuesday, hitting $100.255. 1,015,243 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $97.08 and its 200 day moving average is $94.60. MasterCard Inc. has a 12 month low of $78.52 and a 12 month high of $101.76. The firm has a market cap of $110.05 billion, a P/E ratio of 29.409 and a beta of 1.15.
MasterCard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. The firm earned $2.70 billion during the quarter, compared to analysts’ expectations of $2.59 billion. MasterCard had a net margin of 37.39% and a return on equity of 66.32%. The business’s revenue was up 12.7% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share. On average, equities analysts predict that MasterCard Inc. will post $3.63 earnings per share for the current year.
MA has been the topic of a number of recent research reports. Bank of America Corp. set a $103.00 target price on MasterCard and gave the stock a “hold” rating in a research report on Thursday, September 8th. Argus reaffirmed a “hold” rating on shares of MasterCard in a report on Thursday, September 8th. Pacific Crest set a $110.00 price objective on MasterCard and gave the company a “buy” rating in a report on Wednesday, September 14th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $108.00 price objective on shares of MasterCard in a report on Monday, June 6th. Finally, Vetr raised MasterCard from a “sell” rating to a “buy” rating and set a $94.47 price objective on the stock in a report on Monday, June 27th. Seven analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $109.15.
In related news, major shareholder Foundation Mastercard sold 56,016 shares of the business’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $96.53, for a total transaction of $5,407,224.48. Following the transaction, the insider now directly owns 114,644,971 shares in the company, valued at $11,066,679,050.63. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Martina Hundmejean sold 94,345 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $96.82, for a total transaction of $9,134,482.90. Following the transaction, the chief financial officer now owns 214,968 shares in the company, valued at $20,813,201.76. The disclosure for this sale can be found here. Corporate insiders own 3.14% of the company’s stock.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.
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