Piscataqua Savings Bank lowered its position in Mastercard Incorporated (NYSE:MA – Free Report) by 5.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,026 shares of the credit services provider’s stock after selling 428 shares during the quarter. Mastercard accounts for approximately 2.6% of Piscataqua Savings Bank’s holdings, making the stock its 8th biggest holding. Piscataqua Savings Bank’s holdings in Mastercard were worth $3,156,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MA. Financial Connections Group Inc. bought a new stake in shares of Mastercard in the fourth quarter worth $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard in the 1st quarter valued at about $25,000. Delta Asset Management LLC TN bought a new position in shares of Mastercard during the fourth quarter worth about $26,000. Creative Capital Management Investments LLC acquired a new position in Mastercard in the first quarter worth about $30,000. Finally, Quarry LP bought a new stake in Mastercard in the first quarter valued at about $40,000. 74.94% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, major shareholder Foundation Mastercard sold 125,816 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $391.39, for a total value of $49,243,124.24. Following the transaction, the insider now owns 99,430,749 shares in the company, valued at $38,916,200,851.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Mastercard news, major shareholder Foundation Mastercard sold 125,816 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $391.39, for a total transaction of $49,243,124.24. Following the completion of the sale, the insider now owns 99,430,749 shares of the company’s stock, valued at $38,916,200,851.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO J. Mehra Sachin sold 10,838 shares of Mastercard stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $394.38, for a total transaction of $4,274,290.44. Following the completion of the transaction, the chief financial officer now directly owns 20,707 shares in the company, valued at approximately $8,166,426.66. The disclosure for this sale can be found here. Insiders have sold a total of 415,267 shares of company stock valued at $164,793,283 in the last three months. Insiders own 0.13% of the company’s stock.
Analyst Upgrades and Downgrades
Mastercard Trading Up 0.7 %
Shares of NYSE MA opened at $417.13 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.57. Mastercard Incorporated has a one year low of $276.87 and a one year high of $418.60. The business has a 50-day moving average price of $401.97 and a two-hundred day moving average price of $381.97. The firm has a market capitalization of $393.02 billion, a PE ratio of 39.09, a PEG ratio of 1.86 and a beta of 1.10.
Mastercard (NYSE:MA – Get Free Report) last posted its quarterly earnings results on Thursday, July 27th. The credit services provider reported $2.89 EPS for the quarter, topping the consensus estimate of $2.84 by $0.05. The business had revenue of $6.30 billion during the quarter, compared to analysts’ expectations of $6.18 billion. Mastercard had a net margin of 43.37% and a return on equity of 178.10%. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the company posted $2.56 earnings per share. As a group, analysts predict that Mastercard Incorporated will post 12.13 earnings per share for the current fiscal year.
Mastercard Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Friday, July 7th were paid a $0.57 dividend. The ex-dividend date was Thursday, July 6th. This represents a $2.28 dividend on an annualized basis and a yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is currently 21.37%.
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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