Morris Capital Advisors LLC increased its position in shares of Mastercard Incorporated (NYSE:MA – Get Rating) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,573 shares of the credit services provider’s stock after acquiring an additional 128 shares during the quarter. Mastercard comprises about 2.1% of Morris Capital Advisors LLC’s investment portfolio, making the stock its 26th largest position. Morris Capital Advisors LLC’s holdings in Mastercard were worth $2,389,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in MA. Norges Bank acquired a new position in shares of Mastercard during the fourth quarter valued at $3,107,220,000. Vanguard Group Inc. lifted its stake in Mastercard by 8.4% in the first quarter. Vanguard Group Inc. now owns 76,021,301 shares of the credit services provider’s stock valued at $27,168,493,000 after buying an additional 5,868,493 shares during the period. Wellington Management Group LLP lifted its stake in Mastercard by 47.5% in the first quarter. Wellington Management Group LLP now owns 15,686,480 shares of the credit services provider’s stock valued at $5,606,033,000 after buying an additional 5,053,394 shares during the period. Lone Pine Capital LLC acquired a new position in Mastercard in the fourth quarter valued at about $1,732,927,000. Finally, Aaron Wealth Advisors LLC lifted its stake in Mastercard by 35,248.8% in the first quarter. Aaron Wealth Advisors LLC now owns 2,791,495 shares of the credit services provider’s stock valued at $7,811,000 after buying an additional 2,783,598 shares during the period. Institutional investors and hedge funds own 75.10% of the company’s stock.
Analyst Ratings Changes
MA has been the topic of several analyst reports. Macquarie cut their target price on Mastercard from $440.00 to $410.00 in a research note on Friday, July 29th. Morgan Stanley increased their price target on Mastercard from $452.00 to $457.00 and gave the stock an “overweight” rating in a report on Friday, July 29th. Susquehanna Bancshares lowered their price target on Mastercard from $430.00 to $400.00 and set a “positive” rating for the company in a report on Friday, July 29th. Mizuho increased their price target on Mastercard from $375.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Finally, Tigress Financial restated a “buy” rating and issued a $472.00 price target on shares of Mastercard in a report on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and an average price target of $414.09.
Mastercard Stock Down 1.5 %
Mastercard (NYSE:MA – Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The credit services provider reported $2.56 EPS for the quarter, beating the consensus estimate of $2.36 by $0.20. Mastercard had a return on equity of 143.35% and a net margin of 46.49%. The firm had revenue of $5.50 billion during the quarter, compared to analysts’ expectations of $5.26 billion. During the same period in the prior year, the firm posted $1.95 earnings per share. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. As a group, equities research analysts predict that Mastercard Incorporated will post 10.63 EPS for the current year.
Mastercard Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 9th. Investors of record on Friday, October 7th will be given a dividend of $0.49 per share. The ex-dividend date is Thursday, October 6th. This represents a $1.96 annualized dividend and a yield of 0.67%. Mastercard’s dividend payout ratio (DPR) is presently 19.86%.
Insider Activity at Mastercard
In related news, CFO J. Mehra Sachin sold 5,000 shares of the stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $360.00, for a total transaction of $1,800,000.00. Following the completion of the transaction, the chief financial officer now directly owns 15,723 shares of the company’s stock, valued at $5,660,280. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.29% of the company’s stock.
Mastercard Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.
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