Flossbach Von Storch AG Increases Stake in MasterCard Inc. (MA)
Flossbach Von Storch AG increased its stake in MasterCard Inc. (NYSE:MA) by 11.3% during the second quarter, Holdings Channel reports. The institutional investor owned 2,886,590 shares of the company’s stock after buying an additional 292,540 shares during the period. MasterCard makes up 4.4% of Flossbach Von Storch AG’s investment portfolio, making the stock its 8th largest position. Flossbach Von Storch AG’s holdings in MasterCard were worth $254,193,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Legal & General Group Plc raised its position in shares of 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 period. First Quadrant L P CA raised its position in shares of 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 period. Adage Capital Partners GP L.L.C. boosted its position in shares of 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 valued at $140,381,000 after buying an additional 115,900 shares in the last quarter. Atwood & Palmer Inc. boosted its position in shares of MasterCard by 1.3% in the second quarter. Atwood & Palmer Inc. now owns 191,251 shares of the company’s stock valued at $16,842,000 after buying an additional 2,389 shares in the last quarter. Finally, Capital Fund Management S.A. boosted its position in shares of MasterCard by 52.5% in the second quarter. Capital Fund Management S.A. now owns 906,868 shares of the company’s stock valued at $79,859,000 after buying an additional 312,103 shares in the last quarter. 75.12% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MasterCard Inc. (NYSE:MA) traded down 0.67% during mid-day trading on Friday, hitting $102.25. The stock had a trading volume of 4,225,571 shares. The stock has a market capitalization of $112.24 billion, a P/E ratio of 29.99 and a beta of 1.19. MasterCard Inc. has a 52 week low of $78.52 and a 52 week high of $103.49. The stock has a 50 day moving average of $99.14 and a 200-day moving average of $95.68.
MasterCard (NYSE:MA) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.06. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.59 billion. MasterCard had a return on equity of 66.32% and a net margin of 37.39%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 earnings per share. On average, equities research analysts predict that MasterCard Inc. will post $3.63 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 9th. Shareholders of record on Monday, October 10th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $0.76 annualized dividend and a yield of 0.74%. MasterCard’s dividend payout ratio is 22.35%.
Several research analysts recently weighed in on MA shares. Bank of America Corp. set a $103.00 target price on MasterCard and gave the company a “hold” rating in a research note on Thursday, September 8th. Pacific Crest set a $110.00 target price on MasterCard and gave the company a “buy” rating in a research note on Wednesday, September 14th. 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 note on Wednesday, September 28th. Argus reaffirmed a “hold” rating on shares of MasterCard in a research note on Thursday, September 8th. Finally, Vetr cut MasterCard from a “buy” rating to a “hold” rating and set a $105.86 target price for the company. in a research note on Thursday, September 22nd. Seven equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $109.71.
In other MasterCard news, CFO Martina Hundmejean sold 94,345 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $96.82, for a total value of $9,134,482.90. Following the sale, the chief financial officer now owns 214,968 shares in the company, valued at $20,813,201.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Foundation Mastercard sold 84,000 shares of the company’s stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of $91.17, for a total value of $7,658,280.00. Following the completion of the sale, the insider now owns 115,148,971 shares in the company, valued at approximately $10,498,131,686.07. The disclosure for this sale can be found here. 3.14% of the stock is owned by company insiders.
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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