Peddock Capital Advisors LLC Has $1.18 Million Holdings in Mastercard Incorporated (MA)
Peddock Capital Advisors LLC raised its stake in Mastercard Incorporated (NYSE:MA) by 4.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,716 shares of the credit services provider’s stock after purchasing an additional 393 shares during the quarter. Mastercard accounts for 0.6% of Peddock Capital Advisors LLC’s investment portfolio, making the stock its 29th biggest holding. Peddock Capital Advisors LLC’s holdings in Mastercard were worth $1,180,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in MA. American Beacon Advisors Inc. purchased a new stake in shares of Mastercard in the first quarter valued at approximately $100,000. Proficio Capital Partners LLC boosted its stake in shares of Mastercard by 108.2% in the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after buying an additional 464 shares in the last quarter. Lipe & Dalton purchased a new stake in shares of Mastercard in the first quarter valued at approximately $101,000. Chicago Partners Investment Group LLC boosted its stake in shares of Mastercard by 1,365.6% in the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after buying an additional 874 shares in the last quarter. Finally, Norway Savings Bank boosted its stake in shares of Mastercard by 1.1% in the second quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock valued at $117,000 after buying an additional 10 shares in the last quarter. Institutional investors own 76.01% of the company’s stock.
In other news, major shareholder Foundation Mastercard sold 87,618 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now owns 112,649,063 shares of the company’s stock, valued at $14,416,827,082.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Martina Hundmejean sold 91,107 shares of the firm’s stock in a transaction 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 directly owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 758,644 shares of company stock valued at $98,337,677. 0.30% of the stock is currently owned by insiders.
A number of analysts recently weighed in on the company. Robert W. Baird lifted their price target on Mastercard from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday. Piper Jaffray Companies restated a “buy” rating and issued a $161.00 price target on shares of Mastercard in a research note on Friday. Stephens assumed coverage on Mastercard in a research note on Friday. They issued an “overweight” rating and a $166.00 price target on the stock. Mizuho restated a “hold” rating and issued a $140.00 price target on shares of Mastercard in a research note on Thursday, October 12th. Finally, Cowen and Company restated a “buy” rating and issued a $137.00 price target on shares of Mastercard in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have issued a buy rating to the company. Mastercard currently has a consensus rating of “Buy” and an average target price of $146.81.
Mastercard Incorporated (MA) opened at 146.22 on Tuesday. Mastercard Incorporated has a 1-year low of $99.51 and a 1-year high of $148.45. The company has a 50-day moving average price of $140.23 and a 200 day moving average price of $126.67. The firm has a market capitalization of $155.71 billion, a price-to-earnings ratio of 36.28 and a beta of 1.18.
Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The business had revenue of $3.05 billion during 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%. Mastercard’s revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.96 earnings per share. Equities analysts anticipate that Mastercard Incorporated will post $4.44 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Friday, October 6th will be given a $0.22 dividend. The ex-dividend date is Thursday, October 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.60%. Mastercard’s dividend payout ratio (DPR) is presently 21.78%.
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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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