Mastercard Incorporated (MA) Position Raised by Brown Advisory Securities LLC
Brown Advisory Securities LLC increased its position in shares of Mastercard Incorporated (NYSE:MA) by 4.0% during the first quarter, Holdings Channel reports. The firm owned 61,969 shares of the credit services provider’s stock after buying an additional 2,407 shares during the period. Mastercard comprises approximately 1.7% of Brown Advisory Securities LLC’s portfolio, making the stock its 9th largest position. Brown Advisory Securities LLC’s holdings in Mastercard were worth $6,961,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Chevy Chase Trust Holdings Inc. increased its position in Mastercard by 1.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 848,420 shares of the credit services provider’s stock worth $95,422,000 after buying an additional 15,576 shares during the last quarter. Rathbone Brothers plc increased its position in Mastercard by 1.0% in the first quarter. Rathbone Brothers plc now owns 263,729 shares of the credit services provider’s stock worth $29,662,000 after buying an additional 2,641 shares during the last quarter. Independence Advisors LLC acquired a new position in Mastercard during the first quarter worth about $214,000. Fulton Bank N.A. increased its position in Mastercard by 16.0% in the first quarter. Fulton Bank N.A. now owns 7,924 shares of the credit services provider’s stock worth $891,000 after buying an additional 1,093 shares during the last quarter. Finally, Osborn Williams & Donohoe LLC increased its position in Mastercard by 1.4% in the first quarter. Osborn Williams & Donohoe LLC now owns 11,875 shares of the credit services provider’s stock worth $1,336,000 after buying an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 75.76% of the company’s stock.
Shares of Mastercard Incorporated (NYSE MA) traded down 0.991% on Thursday, hitting $128.435. 423,282 shares of the company’s stock traded hands. The company has a market cap of $136.77 billion, a price-to-earnings ratio of 31.870 and a beta of 1.17. The firm’s 50-day moving average price is $126.31 and its 200 day moving average price is $117.29. Mastercard Incorporated has a 1-year low of $94.41 and a 1-year high of $132.20.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The firm had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.96 EPS. On average, equities research analysts expect that Mastercard Incorporated will post $4.39 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th were paid a $0.22 dividend. 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 dividend payout ratio (DPR) is presently 21.78%.
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MA has been the topic of a number of recent research reports. Deutsche Bank AG restated a “buy” rating and issued a $124.00 price target on shares of Mastercard in a research report on Thursday, May 25th. Instinet raised their price target on shares of Mastercard from $133.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday, May 4th. Piper Jaffray Companies restated a “buy” rating on shares of Mastercard in a research report on Friday, April 14th. BidaskClub downgraded shares of Mastercard from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Finally, 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 research report on Monday, June 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $128.20.
In other news, CFO Martina Hundmejean sold 91,107 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total value of $11,824,777.53. Following the completion of the sale, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 87,618 shares of the company’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $127.98, for a total value of $11,213,351.64. Following the completion of the sale, the insider now directly owns 112,649,063 shares of the company’s stock, valued at $14,416,827,082.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 762,845 shares of company stock valued at $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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