Mastercard Incorporated (MA) Position Increased by Schmidt P J Investment Management Inc.
Schmidt P J Investment Management Inc. increased its position in shares of Mastercard Incorporated (NYSE:MA) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,368 shares of the credit services provider’s stock after buying an additional 20 shares during the period. Schmidt P J Investment Management Inc.’s holdings in Mastercard were worth $1,624,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Pennsylvania Trust Co increased 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 in the last quarter. Cookson Peirce & Co. Inc. increased its position in Mastercard by 1.2% in the first quarter. Cookson Peirce & Co. Inc. now owns 13,441 shares of the credit services provider’s stock valued at $1,512,000 after buying an additional 160 shares during the period. Adviser Investments LLC acquired a new position in Mastercard during the first quarter valued at approximately $727,000. Linscomb & Williams Inc. increased its position in Mastercard by 5.7% in the first quarter. Linscomb & Williams Inc. now owns 11,223 shares of the credit services provider’s stock valued at $1,262,000 after buying an additional 603 shares during the period. Finally, Tompkins Financial Corp increased its position in Mastercard by 9.7% in the first quarter. Tompkins Financial Corp now owns 10,703 shares of the credit services provider’s stock valued at $1,011,000 after buying an additional 949 shares during the period. 75.76% of the stock is currently owned by institutional investors and hedge funds.
Mastercard Incorporated (NYSE MA) traded up 1.14% during trading on Friday, hitting $129.13. The stock had a trading volume of 1,297,079 shares. Mastercard Incorporated has a 52-week low of $94.41 and a 52-week high of $132.20. The stock’s 50-day moving average is $126.44 and its 200-day moving average is $117.36. The stock has a market capitalization of $137.51 billion, a PE ratio of 32.04 and a beta of 1.17.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter last year, the company earned $0.96 earnings per share. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, analysts predict that Mastercard Incorporated will post $4.39 earnings per share 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 given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Wednesday, July 5th. Mastercard’s payout ratio is currently 21.78%.
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MA has been the topic of several research reports. BidaskClub downgraded shares of Mastercard from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Zacks Investment Research downgraded shares of Mastercard from a “hold” rating to a “sell” rating in a research note on Thursday, April 20th. Deutsche Bank AG reissued a “buy” rating and set a $150.00 price target (up from $124.00) on shares of Mastercard in a research note on Monday, July 10th. Credit Suisse Group reissued a “buy” rating and set a $125.00 price target on shares of Mastercard in a research note on Friday, July 7th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $147.00 price target (up from $140.00) on shares of Mastercard in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Mastercard currently has a consensus rating of “Buy” and a consensus target price of $128.20.
In related news, CFO Martina Hundmejean sold 91,107 shares of the firm’s stock in a transaction dated 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 owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 29,206 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $127.63, for a total value of $3,727,561.78. Following the sale, the insider now directly owns 112,649,063 shares in the company, valued at approximately $14,377,399,910.69. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 850,468 shares of company stock worth $109,574,694. 0.30% of the stock is owned by corporate 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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