Mastercard Incorporated (MA) Shares Sold by DF Dent & Co. Inc.
DF Dent & Co. Inc. reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 6.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 504,207 shares of the credit services provider’s stock after selling 33,115 shares during the period. Mastercard makes up 1.6% of DF Dent & Co. Inc.’s portfolio, making the stock its 29th largest position. DF Dent & Co. Inc.’s holdings in Mastercard were worth $56,708,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake 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 during the last quarter. Bank of Montreal Can increased its stake in Mastercard by 31.8% in the first quarter. Bank of Montreal Can now owns 3,527,052 shares of the credit services provider’s stock worth $396,689,000 after buying an additional 851,490 shares during the last quarter. Swiss National Bank increased its stake in Mastercard by 24.6% in the first quarter. Swiss National Bank now owns 3,660,220 shares of the credit services provider’s stock worth $411,665,000 after buying an additional 722,600 shares during the last quarter. TCW Group Inc. increased its stake in Mastercard by 1,000.9% in the first quarter. TCW Group Inc. now owns 783,757 shares of the credit services provider’s stock worth $88,149,000 after buying an additional 712,562 shares during the last quarter. Finally, OppenheimerFunds Inc. increased its stake in Mastercard by 24.8% in the first quarter. OppenheimerFunds Inc. now owns 3,584,158 shares of the credit services provider’s stock worth $403,111,000 after buying an additional 711,542 shares during the last quarter. Institutional investors and hedge funds own 75.76% of the company’s stock.
Mastercard Incorporated (MA) traded down 0.69% on Thursday, reaching $128.83. 539,026 shares of the company were exchanged. Mastercard Incorporated has a 12-month low of $94.41 and a 12-month high of $132.20. The firm has a market capitalization of $137.19 billion, a PE ratio of 31.97 and a beta of 1.17. The stock has a 50 day moving average of $126.31 and a 200 day moving average of $117.29.
Mastercard (NYSE:MA) last released its earnings results 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 for 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 business’s revenue for the quarter 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. Equities analysts anticipate that Mastercard Incorporated will post $4.39 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Wednesday, July 5th. Mastercard’s payout ratio is 21.78%.
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A number of equities research analysts have issued reports on MA shares. Piper Jaffray Companies reiterated a “buy” rating on shares of Mastercard in a research report on Friday, April 14th. Morgan Stanley increased their target price on shares of Mastercard from $124.00 to $131.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 30th. Instinet increased their target price 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. Zacks Investment Research upgraded shares of Mastercard from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $150.00 target price (up previously from $124.00) on shares of Mastercard in a research report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Mastercard currently has a consensus rating of “Buy” and an average price target of $128.20.
In other news, CFO Martina Hundmejean sold 91,107 shares of Mastercard stock in a transaction on Wednesday, August 2nd. The stock was 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 approximately $22,138,280.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 58,412 shares of Mastercard stock in a transaction on Friday, August 4th. The stock was sold at an average price of $129.87, for a total value of $7,585,966.44. Following the sale, the insider now owns 112,298,591 shares in the company, valued at $14,584,218,013.17. The disclosure for this sale can be found here. Insiders have sold a total of 762,845 shares of company stock worth $98,241,535 over the last quarter. Company insiders own 0.30% of the company’s stock.
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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