Notis McConarty Edward Has $4.46 Million Stake in Mastercard Incorporated (MA)
Notis McConarty Edward increased its position in Mastercard Incorporated (NYSE:MA) by 0.9% during the first quarter, Holdings Channel reports. The fund owned 39,625 shares of the credit services provider’s stock after buying an additional 340 shares during the period. Mastercard comprises approximately 2.9% of Notis McConarty Edward’s holdings, making the stock its 7th largest position. Notis McConarty Edward’s holdings in Mastercard were worth $4,456,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Glassman Wealth Services increased its stake in Mastercard by 0.3% in the first quarter. Glassman Wealth Services now owns 1,769 shares of the credit services provider’s stock worth $199,000 after buying an additional 6 shares during the last quarter. Genesee Valley Trust Co. increased its stake in Mastercard by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 6,246 shares of the credit services provider’s stock worth $702,000 after buying an additional 18 shares during the last quarter. Concert Wealth Management Inc. increased its stake in Mastercard by 0.3% in the first quarter. Concert Wealth Management Inc. now owns 6,467 shares of the credit services provider’s stock worth $664,000 after buying an additional 18 shares during the last quarter. Welch Group LLC increased its stake in Mastercard by 1.2% in the first quarter. Welch Group LLC now owns 1,625 shares of the credit services provider’s stock worth $183,000 after buying an additional 20 shares during the last quarter. Finally, Intellectus Partners LLC increased its stake in Mastercard by 1.0% in the first quarter. Intellectus Partners LLC now owns 2,378 shares of the credit services provider’s stock worth $267,000 after buying an additional 24 shares during the last quarter. Institutional investors own 75.76% of the company’s stock.
Mastercard Incorporated (NYSE:MA) traded up 0.69% during mid-day trading on Friday, reaching $128.55. 2,484,529 shares of the company’s stock traded hands. The firm has a 50 day moving average of $126.59 and a 200 day moving average of $117.50. The firm has a market cap of $136.89 billion, a PE ratio of 31.90 and a beta of 1.17. Mastercard Incorporated has a 1-year low of $94.41 and a 1-year high of $132.20.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period in the prior year, the firm posted $0.96 earnings per share. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. Analysts forecast that Mastercard Incorporated will post $4.39 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Friday, July 7th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Wednesday, July 5th. Mastercard’s dividend payout ratio (DPR) is currently 21.78%.
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A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Mastercard from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Royal Bank Of Canada reiterated a “top pick” rating and issued a $130.00 target price on shares of Mastercard in a research report on Friday, June 16th. BMO Capital Markets increased their target price on shares of Mastercard from $123.00 to $126.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 3rd. 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. Finally, Mizuho assumed coverage on shares of Mastercard in a research report on Tuesday, June 27th. They issued a “neutral” rating and a $125.00 target price for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $128.20.
In other Mastercard news, major shareholder Foundation Mastercard sold 87,618 shares of the company’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $126.60, for a total value of $11,092,438.80. Following the transaction, the insider now directly owns 112,736,681 shares in the company, valued at $14,272,463,814.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of the company’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 completion of the transaction, the chief financial officer now owns 170,570 shares in the company, valued at $22,138,280.30. The disclosure for this sale can be found here. Insiders have sold 850,468 shares of company stock worth $109,574,694 over the last ninety days. 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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