US Bancorp DE Has $141.23 Million Position in Mastercard Incorporated (NYSE:MA)
US Bancorp DE decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 1.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,162,859 shares of the credit services provider’s stock after selling 21,347 shares during the period. US Bancorp DE owned approximately 0.11% of Mastercard worth $141,230,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Mastercard by 2.9% in the first quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock worth $7,176,378,000 after buying an additional 1,814,116 shares in the last quarter. State Street Corp boosted its position in Mastercard by 0.4% in the first quarter. State Street Corp now owns 37,454,824 shares of the credit services provider’s stock worth $4,212,546,000 after buying an additional 140,515 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Mastercard by 6.2% in the first quarter. Ameriprise Financial Inc. now owns 10,168,300 shares of the credit services provider’s stock worth $1,143,636,000 after buying an additional 591,427 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in Mastercard by 1.4% in the first quarter. Canada Pension Plan Investment Board now owns 8,409,658 shares of the credit services provider’s stock worth $945,834,000 after buying an additional 114,900 shares in the last quarter. Finally, Akre Capital Management LLC boosted its position in Mastercard by 13.4% in the first quarter. Akre Capital Management LLC now owns 5,329,183 shares of the credit services provider’s stock worth $599,373,000 after buying an additional 627,792 shares in the last quarter. 75.68% of the stock is owned by institutional investors.
Shares of Mastercard Incorporated (NYSE MA) traded down 0.05% during mid-day trading on Friday, hitting $129.82. 2,208,103 shares of the stock traded hands. Mastercard Incorporated has a 12-month low of $94.41 and a 12-month high of $132.20. The firm has a market cap of $138.24 billion, a price-to-earnings ratio of 32.21 and a beta of 1.17. The firm’s 50 day moving average price is $124.99 and its 200 day moving average price is $116.49.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.06. The company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. Mastercard’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 EPS. On average, equities research analysts predict that Mastercard Incorporated will post $4.39 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 9th. Shareholders of record on Friday, July 7th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $0.88 dividend on an annualized basis and a yield of 0.68%. Mastercard’s payout ratio is currently 21.78%.
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A number of research analysts have issued reports on the stock. BidaskClub raised shares of Mastercard from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Citigroup Inc. raised their price target on shares of Mastercard from $123.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, June 19th. Zacks Investment Research cut shares of Mastercard from a “hold” rating to a “sell” rating in a report on Thursday, April 20th. Vetr cut shares of Mastercard from a “hold” rating to a “sell” rating and set a $115.30 price target for the company. in a report on Monday, May 22nd. Finally, BMO Capital Markets raised their price target on shares of Mastercard from $126.00 to $137.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Mastercard currently has an average rating of “Buy” and an average target price of $128.20.
In other news, major shareholder Foundation Mastercard sold 29,206 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $130.33, for a total value of $3,806,417.98. Following the completion of the transaction, the insider now owns 112,473,827 shares in the company, valued at approximately $14,658,713,872.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the completion of the transaction, the chief financial officer now owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 704,433 shares of company stock valued at $90,655,568. 0.30% of the stock is owned by insiders.
Mastercard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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