Nationwide Fund Advisors Cuts Holdings in Mastercard Incorporated (MA)
Nationwide Fund Advisors lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 31.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 339,453 shares of the credit services provider’s stock after selling 152,575 shares during the quarter. Nationwide Fund Advisors’ holdings in Mastercard were worth $41,227,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of MA. Vanguard Group Inc. boosted its position in Mastercard by 2.9% during the first quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock worth $7,176,378,000 after purchasing an additional 1,814,116 shares during the period. Clearbridge Investments LLC boosted its position in Mastercard by 22,644.6% during the first quarter. Clearbridge Investments LLC now owns 1,685,146 shares of the credit services provider’s stock worth $189,528,000 after purchasing an additional 1,677,737 shares during the period. Egerton Capital UK LLP boosted its position in Mastercard by 60.6% during the second quarter. Egerton Capital UK LLP now owns 3,923,766 shares of the credit services provider’s stock worth $476,541,000 after purchasing an additional 1,480,425 shares during the period. Fiera Capital Corp boosted its position in Mastercard by 20.1% during the second quarter. Fiera Capital Corp now owns 4,368,032 shares of the credit services provider’s stock worth $530,497,000 after purchasing an additional 730,970 shares during the period. Finally, Standard Life Investments LTD boosted its position in Mastercard by 41.2% during the second quarter. Standard Life Investments LTD now owns 2,449,394 shares of the credit services provider’s stock worth $297,490,000 after purchasing an additional 714,843 shares during the period. Hedge funds and other institutional investors own 76.21% of the company’s stock.
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Mastercard Incorporated (NYSE:MA) opened at $149.54 on Monday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.83. Mastercard Incorporated has a fifty-two week low of $99.51 and a fifty-two week high of $152.00. The stock has a market cap of $158,312.31, a P/E ratio of 34.70, a PEG ratio of 1.99 and a beta of 1.21.
Mastercard (NYSE:MA) last issued its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The firm had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter last year, the business earned $1.08 earnings per share. The business’s revenue was up 18.1% on a year-over-year basis. research analysts forecast that Mastercard Incorporated will post 4.54 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Friday, October 6th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.59%. The ex-dividend date was Thursday, October 5th. Mastercard’s dividend payout ratio is 20.47%.
A number of equities research analysts have recently issued reports on the stock. Piper Jaffray Companies reissued an “overweight” rating and issued a $150.00 price target (up from $143.00) on shares of Mastercard in a report on Friday, September 8th. Bank of America Corporation increased their price target on shares of Mastercard from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Zacks Investment Research downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Cowen and Company reissued an “outperform” rating and issued a $137.00 price target (up from $129.00) on shares of Mastercard in a report on Sunday, July 30th. Finally, Oppenheimer Holdings, Inc. increased their price target on shares of Mastercard and gave the stock an “outperform” rating in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $157.68.
In other news, insider Craig Vosburg sold 14,200 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total value of $2,014,412.00. Following the transaction, the insider now owns 40,646 shares in the company, valued at $5,766,041.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Fraccaro sold 5,800 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total transaction of $856,022.00. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock worth $3,582,984 in the last 90 days. Company 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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