Bartlett & Co. LLC Lowers Stake in MasterCard Inc. (MA)
Bartlett & Co. LLC decreased its stake in MasterCard Inc. (NYSE:MA) by 1.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 480,040 shares of the company’s stock after selling 6,180 shares during the period. MasterCard comprises 2.1% of Bartlett & Co. LLC’s investment portfolio, making the stock its 11th largest position. Bartlett & Co. LLC’s holdings in MasterCard were worth $42,272,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC boosted its stake in MasterCard by 0.9% in the first quarter. TIAA CREF Investment Management LLC now owns 8,859,628 shares of the company’s stock valued at $837,235,000 after buying an additional 76,494 shares during the period. Geode Capital Management LLC raised its position in MasterCard by 6.1% in the first quarter. Geode Capital Management LLC now owns 8,575,951 shares of the company’s stock worth $808,899,000 after buying an additional 492,230 shares in the last quarter. American Century Companies Inc. raised its position in MasterCard by 1.6% in the second quarter. American Century Companies Inc. now owns 6,180,481 shares of the company’s stock worth $544,253,000 after buying an additional 97,056 shares in the last quarter. Legal & General Group Plc raised its position in MasterCard by 2.2% in the first quarter. Legal & General Group Plc now owns 4,178,642 shares of the company’s stock worth $394,829,000 after buying an additional 88,996 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in MasterCard by 15.8% in the first quarter. Renaissance Technologies LLC now owns 3,497,900 shares of the company’s stock worth $330,552,000 after buying an additional 476,500 shares in the last quarter. Institutional investors own 75.12% of the company’s stock.
Shares of MasterCard Inc. (NYSE:MA) traded up 1.15% during mid-day trading on Friday, reaching $101.77. The company had a trading volume of 5,503,915 shares. MasterCard Inc. has a one year low of $78.52 and a one year high of $102.31. The firm has a 50 day moving average of $98.43 and a 200-day moving average of $95.36. The stock has a market capitalization of $111.72 billion, a P/E ratio of 29.85 and a beta of 1.15.
MasterCard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.06. MasterCard had a return on equity of 66.32% and a net margin of 37.39%. The firm earned $2.70 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The company’s revenue was up 12.7% on a year-over-year basis. Analysts forecast that MasterCard Inc. will post $3.63 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 9th. Stockholders of record on Monday, October 10th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Wednesday, October 5th. MasterCard’s dividend payout ratio is currently 22.35%.
A number of equities analysts recently commented on the company. Vetr lowered MasterCard from a “buy” rating to a “hold” rating and set a $105.86 price objective on the stock. in a research note on Thursday, September 22nd. Zacks Investment Research raised MasterCard from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a research note on Wednesday. Bank of America Corp. set a $103.00 price objective on MasterCard and gave the stock a “hold” rating in a research note on Thursday, September 8th. Barclays PLC lifted their price objective on MasterCard from $107.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, September 8th. Finally, Nomura boosted their price target on MasterCard from $109.00 to $113.00 and gave the company a “buy” rating in a research note on Thursday, September 8th. Seven investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $109.71.
In related news, major shareholder Foundation Mastercard sold 56,016 shares of MasterCard stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $96.53, for a total value of $5,407,224.48. Following the completion of the sale, the insider now owns 114,644,971 shares of the company’s stock, valued at $11,066,679,050.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Reeg sold 6,000 shares of MasterCard stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $94.79, for a total value of $568,740.00. Following the completion of the sale, the insider now directly owns 53,501 shares of the company’s stock, valued at approximately $5,071,359.79. The disclosure for this sale can be found here. 3.14% of the stock is owned by insiders.
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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