Mastercard Incorporated (MA) Stake Lessened by Pillar Pacific Capital Management LLC
Pillar Pacific Capital Management LLC lowered its position in Mastercard Incorporated (NYSE:MA) by 3.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 73,003 shares of the credit services provider’s stock after selling 2,310 shares during the period. Mastercard accounts for approximately 1.2% of Pillar Pacific Capital Management LLC’s portfolio, making the stock its 14th largest position. Pillar Pacific Capital Management LLC’s holdings in Mastercard were worth $8,866,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of MA. American Beacon Advisors Inc. acquired a new position in shares of Mastercard during the 1st quarter valued at $100,000. Proficio Capital Partners LLC lifted its position in shares of Mastercard by 108.2% during the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after acquiring an additional 464 shares during the period. Lipe & Dalton acquired a new position in shares of Mastercard during the 1st quarter valued at $101,000. Norway Savings Bank lifted its position in shares of Mastercard by 1.1% during the 2nd quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock valued at $117,000 after acquiring an additional 10 shares during the period. Finally, Kistler Tiffany Companies LLC lifted its position in shares of Mastercard by 10.9% during the 1st quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock valued at $115,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 76.10% of the company’s stock.
Mastercard Incorporated (NYSE MA) opened at 141.58 on Friday. Mastercard Incorporated has a 52-week low of $99.42 and a 52-week high of $143.52. The company has a market cap of $150.77 billion, a price-to-earnings ratio of 35.13 and a beta of 1.18. The company’s 50-day moving average is $133.09 and its 200 day moving average is $122.02.
Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.98 billion. During the same period last year, the company earned $0.96 EPS. Mastercard’s revenue for the quarter was up 13.3% on a year-over-year basis. Equities analysts forecast that Mastercard Incorporated will post $4.43 earnings per share for the current fiscal year.
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A number of research firms recently issued reports on MA. Royal Bank Of Canada reiterated a “top pick” rating and set a $130.00 target price on shares of Mastercard in a research report on Friday, June 16th. Piper Jaffray Companies reiterated an “overweight” rating and set a $150.00 target price (up previously from $143.00) on shares of Mastercard in a research report on Friday, September 8th. BidaskClub upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Morgan Stanley boosted their target price on shares of Mastercard from $124.00 to $131.00 and gave the company an “overweight” rating in a research report on Tuesday, May 30th. Finally, Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $136.00 target price on the stock in a research report on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $138.43.
In other Mastercard news, major shareholder Foundation Mastercard sold 87,618 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $126.60, for a total transaction of $11,092,438.80. Following the completion of the sale, the insider now directly owns 112,736,681 shares in the company, valued at approximately $14,272,463,814.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total value 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 disclosure for this sale can be found here. Insiders sold a total of 850,468 shares of company stock valued at $109,574,694 over the last quarter. 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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