Mackenzie Financial Corp Has $4,071,000 Position in Mastercard Incorporated (MA)

Mackenzie Financial Corp continued to hold its stake in shares of Mastercard Incorporated (NYSE:MA) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,198 shares of the credit services provider’s stock at the end of the first quarter. Mackenzie Financial Corp’s holdings in Mastercard were worth $4,071,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of MA. Lipe & Dalton acquired a new position in shares of Mastercard during the 1st quarter valued at about $101,000. Kistler Tiffany Companies LLC increased its holdings in shares of Mastercard by 10.9% during the 1st quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock valued at $115,000 after acquiring an additional 100 shares during the last quarter. First Bank & Trust increased its holdings in shares of Mastercard by 14.5% during the 1st quarter. First Bank & Trust now owns 1,300 shares of the credit services provider’s stock valued at $146,000 after acquiring an additional 165 shares during the last quarter. Tarbox Group Inc. increased its holdings in shares of Mastercard by 323.8% during the 1st quarter. Tarbox Group Inc. now owns 1,352 shares of the credit services provider’s stock valued at $152,000 after acquiring an additional 1,033 shares during the last quarter. Finally, Welch Group LLC boosted its stake in Mastercard by 1.2% during the 1st quarter. Welch Group LLC now owns 1,625 shares of the credit services provider’s stock valued at $183,000 after purchasing an additional 20 shares during the period. 76.04% of the stock is currently owned by institutional investors.

A number of brokerages have commented on MA. Royal Bank Of Canada reiterated a “buy” rating and issued a $156.00 price objective on shares of Mastercard in a research report on Friday. Piper Jaffray Companies restated an “overweight” rating and set a $150.00 target price (up previously from $143.00) on shares of Mastercard in a research report on Friday, September 8th. Oppenheimer Holdings, Inc. raised their target price on Mastercard and gave the stock an “outperform” rating in a research report on Tuesday, July 18th. BidaskClub upgraded Mastercard from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Finally, Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $136.00 target price for the company in a research report on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $141.47.

In other news, CFO Martina Hundmejean sold 91,107 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total value of $11,824,777.53. Following the completion of the sale, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 87,618 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $126.60, for a total transaction of $11,092,438.80. Following the completion of the sale, the insider now directly owns 112,736,681 shares of the company’s stock, valued at $14,272,463,814.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 850,468 shares of company stock worth $109,574,694. Insiders own 0.30% of the company’s stock.

Mastercard Incorporated (NYSE MA) opened at 141.89 on Friday. Mastercard Incorporated has a 12 month low of $99.51 and a 12 month high of $143.59. The firm’s 50-day moving average price is $133.90 and its 200-day moving average price is $122.61. The firm has a market cap of $151.10 billion, a P/E ratio of 35.21 and a beta of 1.18.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.06. The business had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.96 earnings per share. On average, equities research analysts expect that Mastercard Incorporated will post $4.43 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Friday, October 6th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.62%. Mastercard’s dividend payout ratio is presently 21.78%.

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About Mastercard

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.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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