Roanoke Asset Management Corp NY decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 6.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,337 shares of the credit services provider’s stock after selling 9,500 shares during the period. Mastercard accounts for about 7.3% of Roanoke Asset Management Corp NY’s holdings, making the stock its largest position. Roanoke Asset Management Corp NY’s holdings in Mastercard were worth $15,465,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of MA. 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 last quarter. Chevy Chase Trust Holdings Inc. raised its position in shares of Mastercard by 1.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 848,420 shares of the credit services provider’s stock worth $95,422,000 after buying an additional 15,576 shares during the last quarter. Integrated Investment Consultants LLC raised its position in shares of Mastercard by 260.0% in the first quarter. Integrated Investment Consultants LLC now owns 900 shares of the credit services provider’s stock worth $101,000 after buying an additional 650 shares during the last quarter. Toth Financial Advisory Corp raised its position in shares of Mastercard by 12.1% in the first quarter. Toth Financial Advisory Corp now owns 16,517 shares of the credit services provider’s stock worth $1,858,000 after buying an additional 1,783 shares during the last quarter. Finally, Searle & CO. purchased a new position in shares of Mastercard during the fourth quarter worth about $843,000. 75.99% of the stock is owned by hedge funds and other institutional investors.
Shares of Mastercard Incorporated (NYSE MA) traded up 0.60% during mid-day trading on Wednesday, hitting $132.37. The stock had a trading volume of 2,000,733 shares. Mastercard Incorporated has a 12-month low of $94.41 and a 12-month high of $132.63. The stock’s 50-day moving average price is $127.29 and its 200-day moving average price is $118.03. The stock has a market capitalization of $140.96 billion, a price-to-earnings ratio of 32.85 and a beta of 1.17.
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, topping the Zacks’ consensus estimate of $1.04 by $0.06. The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The company’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 business earned $0.96 EPS. On average, equities analysts anticipate that Mastercard Incorporated will post $4.40 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 7th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Wednesday, July 5th. Mastercard’s payout ratio is presently 21.78%.
A number of equities analysts have issued reports on the company. Loop Capital increased their price target on Mastercard from $132.00 to $144.00 and gave the company a “positive” rating in a research note on Friday, July 28th. They noted that the move was a valuation call. BMO Capital Markets increased their price target on Mastercard from $126.00 to $137.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Cowen and Company reaffirmed an “outperform” rating and set a $137.00 price target (up from $129.00) on shares of Mastercard in a research note on Sunday, July 30th. BidaskClub lowered Mastercard from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Oppenheimer Holdings, Inc. increased their price target on Mastercard and gave the company an “outperform” rating in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. The stock 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 company’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $126.60, for a total value of $11,092,438.80. Following the completion of the transaction, the insider now directly owns 112,736,681 shares of the company’s stock, valued at approximately $14,272,463,814.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the completion of the transaction, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 850,468 shares of company stock valued at $109,574,694. Company insiders own 0.30% of the company’s stock.
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.
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