Edmond DE Rothschild Holding S.A. Has $3.45 Million Stake in Mastercard Incorporated (MA)
Edmond DE Rothschild Holding S.A. raised its position in Mastercard Incorporated (NYSE:MA) by 12.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,643 shares of the credit services provider’s stock after buying an additional 3,371 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Mastercard were worth $3,447,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Pennsylvania Trust Co raised its stake in shares of Mastercard by 1.6% in the first quarter. Pennsylvania Trust Co now owns 20,733 shares of the credit services provider’s stock worth $2,332,000 after buying an additional 335 shares during the last quarter. Cookson Peirce & Co. Inc. raised its stake in shares of Mastercard by 1.2% in the first quarter. Cookson Peirce & Co. Inc. now owns 13,441 shares of the credit services provider’s stock worth $1,512,000 after buying an additional 160 shares during the last quarter. Adviser Investments LLC acquired a new stake in shares of Mastercard during the first quarter worth about $727,000. Linscomb & Williams Inc. raised its stake in shares of Mastercard by 5.7% in the first quarter. Linscomb & Williams Inc. now owns 11,223 shares of the credit services provider’s stock worth $1,262,000 after buying an additional 603 shares during the last quarter. Finally, Tompkins Financial Corp raised its stake in shares of Mastercard by 9.7% in the first quarter. Tompkins Financial Corp now owns 10,703 shares of the credit services provider’s stock worth $1,011,000 after buying an additional 949 shares during the last quarter. 75.76% of the stock is currently owned by institutional investors and hedge funds.
Mastercard Incorporated (NYSE MA) traded down 0.69% during midday trading on Thursday, reaching $128.83. The company’s stock had a trading volume of 543,849 shares. Mastercard Incorporated has a 52-week low of $94.41 and a 52-week high of $132.20. The firm has a 50-day moving average price of $126.31 and a 200 day moving average price of $117.29. The stock has a market capitalization of $137.19 billion, a price-to-earnings ratio of 31.97 and a beta of 1.17.
Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.06. The company had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm posted $0.96 earnings per share. Equities research analysts predict that Mastercard Incorporated will post $4.39 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 7th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, July 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.68%. Mastercard’s payout ratio is 21.78%.
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MA has been the topic of a number of analyst reports. BidaskClub lowered Mastercard from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Zacks Investment Research lowered Mastercard from a “hold” rating to a “sell” rating in a research report on Thursday, April 20th. Deutsche Bank AG reaffirmed a “buy” rating and set a $150.00 target price (up from $124.00) on shares of Mastercard in a research report on Monday, July 10th. Credit Suisse Group reaffirmed a “buy” rating and set a $125.00 target price on shares of Mastercard in a research report on Friday, July 7th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $147.00 target price (up from $140.00) on shares of Mastercard in a research report on Tuesday, July 18th. 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 stock. The company has an average rating of “Buy” and a consensus price target of $128.20.
In related news, CFO Martina Hundmejean sold 91,107 shares of the firm’s stock in a transaction on 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 sale, the chief financial officer now directly owns 170,570 shares in the company, valued at $22,138,280.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 29,206 shares of the firm’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $127.63, for a total transaction of $3,727,561.78. Following the sale, the insider now owns 112,649,063 shares in the company, valued at $14,377,399,910.69. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 762,845 shares of company stock worth $98,241,535. 0.30% of the stock is currently owned by company 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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