Capital World Investors Buys 289,488 Shares of Mastercard Incorporated (MA)
Capital World Investors increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,675,652 shares of the credit services provider’s stock after purchasing an additional 289,488 shares during the quarter. Capital World Investors owned approximately 1.19% of Mastercard worth $1,539,458,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Glassman Wealth Services grew its holdings in Mastercard by 0.3% in the 1st quarter. Glassman Wealth Services now owns 1,769 shares of the credit services provider’s stock valued at $199,000 after buying an additional 6 shares during the period. Proficio Capital Partners LLC grew its holdings in Mastercard by 1.3% in the 2nd quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock valued at $118,000 after buying an additional 12 shares during the period. Concert Wealth Management Inc. grew its holdings in Mastercard by 0.3% in the 1st quarter. Concert Wealth Management Inc. now owns 6,467 shares of the credit services provider’s stock valued at $664,000 after buying an additional 18 shares during the period. Berkshire Asset Management LLC PA grew its holdings in Mastercard by 0.3% in the 2nd quarter. Berkshire Asset Management LLC PA now owns 6,448 shares of the credit services provider’s stock valued at $783,000 after buying an additional 18 shares during the period. Finally, First Interstate Bank grew its holdings in Mastercard by 1.4% in the 2nd quarter. First Interstate Bank now owns 1,643 shares of the credit services provider’s stock valued at $200,000 after buying an additional 23 shares during the period. Hedge funds and other institutional investors own 75.99% of the company’s stock.
A number of analysts have recently issued reports on MA shares. Zacks Investment Research cut Mastercard from a “buy” rating to a “hold” rating in a report on Monday, August 21st. BidaskClub upgraded Mastercard from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Wedbush reiterated a “buy” rating and set a $140.00 target price (up previously from $129.00) on shares of Mastercard in a report on Wednesday, September 6th. Cowen reiterated a “buy” rating and set a $137.00 target price on shares of Mastercard in a report on Friday, September 8th. Finally, Credit Suisse Group boosted their target price on Mastercard from $128.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $157.68.
Shares of Mastercard Incorporated (MA) traded up $1.22 on Wednesday, hitting $154.19. The company’s stock had a trading volume of 3,874,500 shares, compared to its average volume of 3,146,430. Mastercard Incorporated has a one year low of $99.51 and a one year high of $154.65. The firm has a market cap of $163,240.00, a price-to-earnings ratio of 35.44, a price-to-earnings-growth ratio of 2.04 and a beta of 1.22. 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 (NYSE:MA) last announced its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.11. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The company had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the company posted $1.08 EPS. Mastercard’s quarterly revenue was up 18.1% on a year-over-year basis. analysts anticipate that Mastercard Incorporated will post 4.54 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Friday, October 6th were issued a $0.22 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.57%. Mastercard’s dividend payout ratio (DPR) is 20.51%.
In related news, insider Michael Fraccaro sold 5,800 shares of the company’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total transaction of $856,022.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Craig Vosburg sold 14,200 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was 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 of the company’s stock, valued at $5,766,041.56. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock valued at $3,582,984 over the last quarter. Company insiders own 0.30% of the company’s stock.
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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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