Mastercard Incorporated (MA) Shares Bought by River Wealth Advisors LLC
River Wealth Advisors LLC grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 25.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,802 shares of the credit services provider’s stock after acquiring an additional 2,425 shares during the quarter. River Wealth Advisors LLC’s holdings in Mastercard were worth $1,433,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the company. Cadence Bank NA bought a new stake in shares of Mastercard during the 2nd quarter valued at about $209,000. Ownership Capital B.V. boosted its position in shares of Mastercard by 6.2% during the 2nd quarter. Ownership Capital B.V. now owns 936,406 shares of the credit services provider’s stock valued at $113,727,000 after acquiring an additional 55,068 shares during the last quarter. Grove Bank & Trust boosted its position in shares of Mastercard by 10.8% during the 2nd quarter. Grove Bank & Trust now owns 2,466 shares of the credit services provider’s stock valued at $299,000 after acquiring an additional 240 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Mastercard by 1.3% during the 2nd quarter. Bessemer Group Inc. now owns 1,736,391 shares of the credit services provider’s stock valued at $210,885,000 after acquiring an additional 22,762 shares during the last quarter. Finally, Grandfield & Dodd LLC boosted its position in shares of Mastercard by 35.3% during the 2nd quarter. Grandfield & Dodd LLC now owns 13,304 shares of the credit services provider’s stock valued at $1,616,000 after acquiring an additional 3,472 shares during the last quarter. Hedge funds and other institutional investors own 76.04% of the company’s stock.
Mastercard Incorporated (NYSE MA) opened at 141.89 on Friday. The stock’s 50 day moving average price is $133.90 and its 200 day moving average price is $122.61. Mastercard Incorporated has a 1-year low of $99.51 and a 1-year high of $143.59. The stock has a market capitalization of $151.10 billion, a PE ratio of 35.21 and a beta of 1.18.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share 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 firm had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the prior year, the business posted $0.96 earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, equities research analysts predict that Mastercard Incorporated will post $4.43 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Friday, October 6th will be issued a $0.22 dividend. The ex-dividend date is Thursday, October 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.62%. Mastercard’s payout ratio is 21.78%.
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MA has been the subject of a number of research analyst reports. Jefferies Group LLC reiterated a “buy” rating and set a $147.00 price target (up previously from $140.00) on shares of Mastercard in a research report on Tuesday, July 18th. Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a research report on Wednesday, July 5th. Citigroup Inc. lifted their price target on Mastercard from $123.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, June 19th. BidaskClub downgraded Mastercard from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $150.00 price target (up previously from $124.00) on shares of Mastercard in a research report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-four have issued a buy rating to the company. Mastercard has a consensus rating of “Buy” and a consensus price target of $141.47.
In other news, major shareholder Foundation Mastercard sold 87,618 shares of the stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $127.98, for a total value of $11,213,351.64. Following the sale, the insider now directly owns 112,649,063 shares in the company, valued at $14,416,827,082.74. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Martina Hundmejean sold 91,107 shares of the stock in a transaction that occurred on 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 owns 170,570 shares in the company, valued at $22,138,280.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 850,468 shares of company stock worth $109,574,694. Company insiders own 0.30% of the company’s stock.
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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