Hendershot Investments Inc. Sells 705 Shares of MasterCard Inc. (MA)
Hendershot Investments Inc. cut its position in MasterCard Inc. (NYSE:MA) by 1.7% during the second quarter, Holdings Channel reports. The firm owned 40,685 shares of the company’s stock after selling 705 shares during the period. MasterCard accounts for about 1.8% of Hendershot Investments Inc.’s investment portfolio, making the stock its 21st largest position. Hendershot Investments Inc.’s holdings in MasterCard were worth $3,583,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in MA. Legal & General Group Plc boosted its position in MasterCard by 2.2% in the first quarter. Legal & General Group Plc now owns 4,178,642 shares of the company’s stock worth $394,829,000 after buying an additional 88,996 shares during the last quarter. First Quadrant L P CA boosted its position in MasterCard by 4.5% in the second quarter. First Quadrant L P CA now owns 128,980 shares of the company’s stock worth $11,358,000 after buying an additional 5,600 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its position in MasterCard by 8.5% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,485,510 shares of the company’s stock worth $140,381,000 after buying an additional 115,900 shares during the last quarter. Atwood & Palmer Inc. boosted its position in MasterCard by 1.3% in the second quarter. Atwood & Palmer Inc. now owns 191,251 shares of the company’s stock worth $16,842,000 after buying an additional 2,389 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its position in MasterCard by 27.5% in the first quarter. Panagora Asset Management Inc. now owns 371,338 shares of the company’s stock worth $35,091,000 after buying an additional 80,027 shares during the last quarter. Hedge funds and other institutional investors own 75.12% of the company’s stock.
Shares of MasterCard Inc. (NYSE:MA) traded down 0.89% during trading on Thursday, hitting $100.61. The company’s stock had a trading volume of 3,009,957 shares. The company has a 50-day moving average price of $98.28 and a 200-day moving average price of $95.27. The stock has a market cap of $110.44 billion, a PE ratio of 29.51 and a beta of 1.15. MasterCard Inc. has a one year low of $78.52 and a one year high of $102.31.
MasterCard (NYSE:MA) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.06. MasterCard had a return on equity of 66.32% and a net margin of 37.39%. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same quarter last year, the company posted $0.85 earnings per share. The business’s revenue was up 12.7% on a year-over-year basis. Equities analysts predict that MasterCard Inc. will post $3.63 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 9th. Investors of record on Monday, October 10th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Wednesday, October 5th. MasterCard’s dividend payout ratio is currently 22.35%.
A number of brokerages have weighed in on MA. Jefferies Group reaffirmed a “buy” rating on shares of MasterCard in a research report on Thursday, August 25th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $110.00 target price on shares of MasterCard in a research report on Saturday, July 2nd. Robert W. Baird reaffirmed an “outperform” rating and set a $115.00 target price on shares of MasterCard in a research report on Monday, July 25th. Zacks Investment Research raised MasterCard from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research report on Wednesday. Finally, Barclays PLC decreased their target price on MasterCard from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Thursday, July 7th. Seven investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. MasterCard currently has a consensus rating of “Buy” and a consensus target price of $109.72.
In other MasterCard news, major shareholder Foundation Mastercard sold 56,016 shares of MasterCard stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $96.53, for a total value of $5,407,224.48. Following the sale, the insider now owns 114,644,971 shares of the company’s stock, valued at approximately $11,066,679,050.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Silvio Barzi sold 9,600 shares of MasterCard stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $96.47, for a total value of $926,112.00. Following the completion of the sale, the director now directly owns 16,391 shares in the company, valued at approximately $1,581,239.77. 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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