IFC Holdings Incorporated FL lifted its position in shares of Mastercard Inc (NYSE:MA) by 5.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,150 shares of the credit services provider’s stock after acquiring an additional 898 shares during the quarter. IFC Holdings Incorporated FL’s holdings in Mastercard were worth $2,086,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Personal Capital Advisors Corp increased its stake in shares of Mastercard by 3.3% during the second quarter. Personal Capital Advisors Corp now owns 270,438 shares of the credit services provider’s stock worth $32,845,000 after acquiring an additional 8,670 shares during the period. IBM Retirement Fund increased its stake in shares of Mastercard by 68.8% during the second quarter. IBM Retirement Fund now owns 23,051 shares of the credit services provider’s stock worth $3,128,000 after acquiring an additional 9,397 shares during the period. Oribel Capital Management LP acquired a new position in shares of Mastercard during the first quarter worth about $5,849,000. Puzo Michael J increased its stake in shares of Mastercard by 0.4% during the second quarter. Puzo Michael J now owns 50,460 shares of the credit services provider’s stock worth $6,129,000 after acquiring an additional 213 shares during the period. Finally, Edgestream Partners L.P. increased its stake in shares of Mastercard by 289.8% during the first quarter. Edgestream Partners L.P. now owns 20,991 shares of the credit services provider’s stock worth $2,361,000 after acquiring an additional 15,606 shares during the period. Institutional investors and hedge funds own 76.01% of the company’s stock.
Mastercard Inc (MA) traded down 0.14% during midday trading on Tuesday, hitting $146.02. 371,959 shares of the stock traded hands. The company has a 50-day moving average price of $140.23 and a 200-day moving average price of $126.67. The firm has a market cap of $155.50 billion, a P/E ratio of 36.23 and a beta of 1.18. Mastercard Inc has a 1-year low of $99.51 and a 1-year high of $148.45.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.06. Mastercard had a return on equity of 82.37% and a net margin of 38.55%. The company had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter last year, the business earned $0.96 earnings per share. Mastercard’s revenue was up 13.3% on a year-over-year basis. Analysts predict that Mastercard Inc will post $4.44 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Friday, October 6th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Thursday, October 5th. Mastercard’s payout ratio is currently 21.78%.
A number of research analysts have recently issued reports on the stock. Piper Jaffray Companies reiterated a “buy” rating and set a $161.00 price target on shares of Mastercard in a research note on Friday. Robert W. Baird boosted their price objective on shares of Mastercard from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday. Mizuho reissued a “hold” rating and set a $140.00 price objective on shares of Mastercard in a report on Thursday, October 12th. Cowen and Company reissued a “buy” rating and set a $137.00 price objective on shares of Mastercard in a report on Thursday, October 12th. Finally, Stephens started coverage on shares of Mastercard in a report on Friday. They set an “overweight” rating and a $166.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the company. Mastercard presently has a consensus rating of “Buy” and a consensus price target of $146.81.
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In related news, major shareholder Foundation Mastercard sold 29,206 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $128.00, for a total value of $3,738,368.00. Following the sale, the insider now directly owns 112,649,063 shares of the company’s stock, valued at $14,419,080,064. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Fraccaro sold 5,800 shares of the firm’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $147.59, for a total value of $856,022.00. The disclosure for this sale can be found here. Insiders sold 758,644 shares of company stock worth $98,337,677 in the last 90 days. 0.30% of the stock is owned by company insiders.
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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