Clarkston Capital Partners LLC raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,660 shares of the company’s stock after buying an additional 415 shares during the period. Clarkston Capital Partners LLC’s holdings in Mastercard were worth $9,328,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of MA. Bank of Montreal Can purchased a new position in Mastercard during the second quarter worth $217,521,000. Caisse DE Depot ET Placement DU Quebec increased its position in Mastercard by 44.1% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,667,510 shares of the company’s stock worth $322,961,000 after buying an additional 1,122,500 shares during the period. Carmignac Gestion increased its position in Mastercard by 21.2% in the second quarter. Carmignac Gestion now owns 5,993,989 shares of the company’s stock worth $527,831,000 after buying an additional 1,047,867 shares during the period. BlackRock Group LTD increased its position in Mastercard by 10.8% in the second quarter. BlackRock Group LTD now owns 10,031,237 shares of the company’s stock worth $883,352,000 after buying an additional 977,812 shares during the period. Finally, Egerton Capital UK LLP increased its position in Mastercard by 46.1% in the second quarter. Egerton Capital UK LLP now owns 2,677,141 shares of the company’s stock worth $235,749,000 after buying an additional 845,006 shares during the period. Institutional investors and hedge funds own 74.39% of the company’s stock.
Shares of Mastercard Incorporated (NYSE:MA) traded up 0.48% on Wednesday, hitting $107.83. The company had a trading volume of 451,946 shares. The company has a 50 day moving average price of $104.32 and a 200 day moving average price of $99.70. The firm has a market capitalization of $117.49 billion, a price-to-earnings ratio of 29.81 and a beta of 1.19. Mastercard Incorporated has a 1-year low of $78.52 and a 1-year high of $108.93.
Mastercard (NYSE:MA) last announced its earnings results on Friday, October 28th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.10. The company had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Mastercard had a return on equity of 69.11% and a net margin of 38.11%. Mastercard’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 earnings per share. On average, equities analysts forecast that Mastercard Incorporated will post $3.75 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 9th. Investors of record on Monday, January 9th will be given a dividend of $0.22 per share. This is a boost from Mastercard’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, January 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.82%. Mastercard’s payout ratio is presently 24.31%.
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A number of equities analysts have weighed in on the company. RBC Capital Markets reaffirmed an “outperform” rating and set a $115.00 price target (up previously from $112.00) on shares of Mastercard in a research report on Monday, October 31st. Vetr downgraded Mastercard from a “buy” rating to a “hold” rating and set a $105.86 price target for the company. in a research report on Monday, October 3rd. Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $116.00 price target for the company in a research report on Wednesday, December 7th. Royal Bank Of Canada raised Mastercard from an “outperform” rating to a “top pick” rating and upped their price target for the stock from $115.00 to $130.00 in a research report on Thursday, January 5th. Finally, Stifel Nicolaus upped their price target on Mastercard from $114.00 to $116.00 and gave the stock a “buy” rating in a research report on Monday, October 31st. Six equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $113.10.
In related news, insider Craig Vosburg sold 15,760 shares of Mastercard stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $107.25, for a total transaction of $1,690,260.00. Following the transaction, the insider now owns 39,837 shares of the company’s stock, valued at $4,272,518.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 24,208 shares of Mastercard stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $102.83, for a total value of $2,489,308.64. Following the transaction, the insider now directly owns 114,592,747 shares in the company, valued at approximately $11,783,572,174.01. The disclosure for this sale can be found here. Corporate insiders own 3.14% of the company’s stock.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.
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