Fayez Sarofim & Co. Has $1.20 Million Holdings in Mastercard Incorporated (MA)
Fayez Sarofim & Co. raised its stake in Mastercard Incorporated (NYSE:MA) by 1.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,860 shares of the credit services provider’s stock after purchasing an additional 175 shares during the quarter. Fayez Sarofim & Co.’s holdings in Mastercard were worth $1,198,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the business. American Beacon Advisors Inc. purchased a new stake in shares of Mastercard in the first quarter valued at approximately $100,000. 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. Thompson Davis & CO. Inc. boosted its stake in shares of Mastercard by 170.1% in the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after buying an additional 546 shares in the last quarter. 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. 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 76.21% of the company’s stock.
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In other Mastercard news, insider Craig Vosburg sold 14,200 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the completion of the sale, the insider now directly owns 40,646 shares in the company, valued at $5,766,041.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Haythornthwaite sold 5,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $142.51, for a total value of $712,550.00. Following the sale, the director now owns 45,278 shares of the company’s stock, valued at $6,452,567.78. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock valued at $3,582,984 over the last 90 days. 0.30% of the stock is currently owned by insiders.
Shares of Mastercard Incorporated (NYSE:MA) opened at $148.33 on Thursday. The company has a market capitalization of $158,746.36, a PE ratio of 34.79, a price-to-earnings-growth ratio of 2.00 and a beta of 1.21. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66. Mastercard Incorporated has a 12 month low of $99.51 and a 12 month high of $152.00.
Mastercard (NYSE:MA) last announced its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.11. The company had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The firm’s revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.08 earnings per share. sell-side analysts anticipate that Mastercard Incorporated will post 4.54 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Friday, October 6th were paid a dividend of $0.22 per share. The ex-dividend date was Thursday, October 5th. This represents a $0.88 annualized dividend and a yield of 0.59%. Mastercard’s dividend payout ratio is presently 20.47%.
A number of analysts recently weighed in on the company. Guggenheim upgraded Mastercard from a “neutral” rating to a “buy” rating and lifted their price target for the company from $135.00 to $153.00 in a research note on Monday, September 11th. BidaskClub downgraded Mastercard from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Mizuho reiterated a “hold” rating and set a $140.00 target price on shares of Mastercard in a research report on Thursday, October 12th. BMO Capital Markets boosted their target price on Mastercard from $126.00 to $137.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Finally, Barclays PLC boosted their target price on Mastercard from $142.00 to $148.00 and gave the stock an “overweight” rating in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $157.68.
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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