State of Tennessee Treasury Department cut its position in shares of Mastercard Incorporated (NYSE:MA) by 33.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 348,475 shares of the credit services provider’s stock after selling 178,558 shares during the period. State of Tennessee Treasury Department’s holdings in Mastercard were worth $39,193,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of MA. Ameriprise Financial Inc. raised its position in shares of Mastercard by 6.2% in the first quarter. Ameriprise Financial Inc. now owns 10,168,300 shares of the credit services provider’s stock worth $1,143,636,000 after buying an additional 591,427 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Mastercard by 1.4% in the first quarter. Canada Pension Plan Investment Board now owns 8,409,658 shares of the credit services provider’s stock worth $945,834,000 after buying an additional 114,900 shares in the last quarter. Norges Bank acquired a new position in shares of Mastercard during the fourth quarter worth $857,217,000. UBS Asset Management Americas Inc. raised its position in shares of Mastercard by 24.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 5,983,482 shares of the credit services provider’s stock worth $617,794,000 after buying an additional 1,182,995 shares in the last quarter. Finally, Vontobel Asset Management Inc. raised its position in shares of Mastercard by 7.7% in the first quarter. Vontobel Asset Management Inc. now owns 5,258,921 shares of the credit services provider’s stock worth $606,105,000 after buying an additional 376,369 shares in the last quarter. Institutional investors own 75.76% of the company’s stock.
Shares of Mastercard Incorporated (NYSE MA) opened at 124.23 on Wednesday. The stock has a 50 day moving average price of $121.69 and a 200-day moving average price of $113.06. The firm has a market cap of $133.16 billion, a price-to-earnings ratio of 32.44 and a beta of 1.17. Mastercard Incorporated has a 1-year low of $87.94 and a 1-year high of $126.19.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Tuesday, May 2nd. The credit services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.07. Mastercard had a return on equity of 72.95% and a net margin of 37.79%. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the previous year, the firm earned $0.86 EPS. The firm’s revenue was up 11.8% compared to the same quarter last year. On average, equities research analysts expect that Mastercard Incorporated will post $4.31 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 9th. Investors of record on Friday, July 7th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.71%. Mastercard’s dividend payout ratio is presently 22.98%.
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MA has been the topic of a number of recent analyst reports. Deutsche Bank AG reaffirmed a “buy” rating and set a $150.00 price objective (up previously from $124.00) on shares of Mastercard in a report on Monday. BMO Capital Markets upped their price objective on Mastercard from $123.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, May 3rd. Wedbush reaffirmed an “outperform” rating and set a $129.00 price objective (up previously from $126.00) on shares of Mastercard in a report on Tuesday, June 6th. Cowen and Company upped their price objective on Mastercard from $122.00 to $127.00 and gave the stock an “outperform” rating in a report on Wednesday, May 3rd. Finally, Vetr lowered Mastercard from a “buy” rating to a “hold” rating and set a $116.99 price objective on the stock. in a report on Monday, April 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. Mastercard currently has a consensus rating of “Buy” and an average target price of $124.10.
In related news, CEO Ajay Banga sold 161,742 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $117.27, for a total transaction of $18,967,484.34. Following the completion of the transaction, the chief executive officer now owns 333,495 shares of the company’s stock, valued at approximately $39,108,958.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gary J. Flood sold 83,959 shares of the business’s stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $115.43, for a total value of $9,691,387.37. Following the transaction, the insider now directly owns 78,819 shares of the company’s stock, valued at approximately $9,098,077.17. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.
Mastercard Company Profile
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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