Bridgeworth LLC raised its position in Mastercard Incorporated (NYSE:MA) by 5.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,071 shares of the credit services provider’s stock after buying an additional 114 shares during the period. Bridgeworth LLC’s holdings in Mastercard were worth $231,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in MA. Raymond James Trust N.A. raised its position in shares of Mastercard by 7.9% in the first quarter. Raymond James Trust N.A. now owns 15,057 shares of the credit services provider’s stock worth $1,693,000 after buying an additional 1,102 shares during the period. Osborn Williams & Donohoe LLC raised its position in shares of Mastercard by 1.4% in the first quarter. Osborn Williams & Donohoe LLC now owns 11,875 shares of the credit services provider’s stock worth $1,336,000 after buying an additional 165 shares during the period. Fulton Bank N.A. raised its position in shares of Mastercard by 16.0% in the first quarter. Fulton Bank N.A. now owns 7,924 shares of the credit services provider’s stock worth $891,000 after buying an additional 1,093 shares during the period. Independence Advisors LLC acquired a new position in shares of Mastercard during the first quarter worth about $214,000. Finally, Rathbone Brothers plc raised its position in shares of Mastercard by 1.0% in the first quarter. Rathbone Brothers plc now owns 263,729 shares of the credit services provider’s stock worth $29,662,000 after buying an additional 2,641 shares during the period. Institutional investors and hedge funds own 75.68% of the company’s stock.
Mastercard Incorporated (NYSE MA) opened at 129.82 on Friday. The firm has a market cap of $138.24 billion, a P/E ratio of 32.21 and a beta of 1.17. Mastercard Incorporated has a 1-year low of $94.41 and a 1-year high of $132.20. The stock’s 50 day moving average price is $124.99 and its 200 day moving average price is $116.49.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter last year, the business posted $0.96 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. Equities research analysts predict that Mastercard Incorporated will post $4.39 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 9th. Investors of record on Friday, July 7th will be paid a dividend of $0.22 per share. The ex-dividend date is Wednesday, July 5th. This represents a $0.88 annualized dividend and a yield of 0.68%. Mastercard’s dividend payout ratio is currently 21.78%.
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A number of research firms recently weighed in on MA. Loop Capital lifted their price objective on shares of Mastercard from $132.00 to $144.00 and gave the company a “positive” rating in a research report on Friday, July 28th. They noted that the move was a valuation call. BMO Capital Markets lifted their price objective on shares of Mastercard from $126.00 to $137.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Cowen and Company reiterated an “outperform” rating and issued a $137.00 price objective (up from $129.00) on shares of Mastercard in a research report on Sunday, July 30th. BidaskClub lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Oppenheimer Holdings, Inc. lifted their price objective on shares of Mastercard and gave the company an “outperform” rating in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $128.20.
In related news, major shareholder Foundation Mastercard sold 87,618 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 112,736,681 shares of the company’s stock, valued at $14,272,463,814.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value 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 approximately $22,138,280.30. The disclosure for this sale can be found here. Insiders have sold 704,433 shares of company stock valued at $90,655,568 in the last ninety days. Company 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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