Cadinha & Co. LLC lowered its stake in Mastercard Incorporated (NYSE:MA) by 0.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,592 shares of the credit services provider’s stock after selling 74 shares during the period. Mastercard accounts for about 2.2% of Cadinha & Co. LLC’s investment portfolio, making the stock its 20th largest position. Cadinha & Co. LLC’s holdings in Mastercard were worth $10,864,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the company. HCR Wealth Advisors purchased a new stake in Mastercard during the fourth quarter worth about $248,000. AQR Capital Management LLC boosted its position in shares of Mastercard by 71.4% in the fourth quarter. AQR Capital Management LLC now owns 477,296 shares of the credit services provider’s stock worth $49,281,000 after buying an additional 198,893 shares in the last quarter. Guggenheim Capital LLC boosted its position in shares of Mastercard by 0.3% in the fourth quarter. Guggenheim Capital LLC now owns 764,012 shares of the credit services provider’s stock worth $78,885,000 after buying an additional 2,504 shares in the last quarter. Banco Santander S.A. acquired a new position in Mastercard during the fourth quarter valued at approximately $1,254,000. Finally, Caldera Capital LLC acquired a new position in Mastercard during the fourth quarter valued at approximately $6,342,000. 75.68% of the stock is owned by institutional investors.
Shares of Mastercard Incorporated (NYSE:MA) opened at 129.89 on Friday. The firm has a market cap of $138.32 billion, a price-to-earnings ratio of 32.23 and a beta of 1.17. The company has a 50 day moving average of $124.99 and a 200-day moving average of $116.49. Mastercard Incorporated has a one year low of $94.41 and a one year high of $132.20.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The company had revenue of $3.05 billion during 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%. Mastercard’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.96 earnings per share. On average, analysts expect that Mastercard Incorporated will post $4.39 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 9th. Shareholders of record on Friday, July 7th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Wednesday, July 5th. Mastercard’s payout ratio is 21.78%.
MA has been the topic of several recent analyst reports. Piper Jaffray Companies reiterated a “buy” rating on shares of Mastercard in a research note on Friday, April 14th. Morgan Stanley upped their price objective on Mastercard from $124.00 to $131.00 and gave the company an “overweight” rating in a research note on Tuesday, May 30th. Instinet upped their target price on Mastercard from $133.00 to $134.00 and gave the company a “buy” rating in a report on Thursday, May 4th. Zacks Investment Research raised Mastercard from a “sell” rating to a “hold” rating in a report on Wednesday, May 3rd. Finally, Barclays PLC increased their price objective on Mastercard from $124.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, April 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $128.20.
In related news, CFO Martina Hundmejean sold 91,107 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the transaction, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 29,206 shares of Mastercard stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $130.33, for a total transaction of $3,806,417.98. Following the completion of the sale, the insider now directly owns 112,473,827 shares in the company, valued at approximately $14,658,713,872.91. The disclosure for this sale can be found here. Insiders sold 704,433 shares of company stock valued at $90,655,568 over the last 90 days. Corporate insiders own 0.30% of the company’s stock.
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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