MasterCard Inc. (MA) is Capital Fund Management S.A.’s 7th Largest Position
Capital Fund Management S.A. boosted its stake in shares of MasterCard Inc. (NYSE:MA) by 52.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 906,868 shares of the company’s stock after buying an additional 312,103 shares during the period. MasterCard accounts for approximately 0.7% of Capital Fund Management S.A.’s portfolio, making the stock its 7th largest position. Capital Fund Management S.A. owned 0.08% of MasterCard worth $79,859,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of MasterCard during the first quarter valued at $106,000. Seven Bridges Advisors LLC purchased a new stake in shares of MasterCard during the second quarter valued at $109,000. Hartford Financial Management Inc. increased its stake in shares of MasterCard by 76.0% in the second quarter. Hartford Financial Management Inc. now owns 2,200 shares of the company’s stock valued at $193,000 after buying an additional 950 shares in the last quarter. Banced Corp purchased a new stake in shares of MasterCard during the second quarter valued at $205,000. Finally, M&R Capital Management Inc. purchased a new stake in shares of MasterCard during the first quarter valued at $210,000. Hedge funds and other institutional investors own 75.12% of the company’s stock.
MasterCard Inc. (NYSE:MA) traded up 1.15% during trading on Friday, reaching $101.77. 5,503,915 shares of the company traded hands. The company has a market cap of $111.72 billion, a PE ratio of 29.85 and a beta of 1.15. MasterCard Inc. has a 12 month low of $78.52 and a 12 month high of $102.31. The company’s 50-day moving average is $98.43 and its 200 day moving average is $95.36.
MasterCard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.06. The company earned $2.70 billion during the quarter, compared to analysts’ expectations of $2.59 billion. MasterCard had a net margin of 37.39% and a return on equity of 66.32%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the business earned $0.85 EPS. On average, analysts anticipate that MasterCard Inc. will post $3.63 earnings per share for the current 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 dividend of $0.19 per share. The ex-dividend date is Wednesday, October 5th. This represents a $0.76 annualized dividend and a dividend yield of 0.75%. MasterCard’s dividend payout ratio is currently 22.35%.
A number of analysts have commented on MA shares. William Blair restated an “outperform” rating on shares of MasterCard in a research report on Tuesday, July 19th. BMO Capital Markets restated an “outperform” rating and set a $128.00 price target (up from $120.00) on shares of MasterCard in a research report on Friday, July 29th. Sanford C. Bernstein restated an “outperform” rating and set a $110.00 price target on shares of MasterCard in a research report on Saturday, July 2nd. Goldman Sachs Group Inc. restated a “buy” rating and set a $118.00 price target on shares of MasterCard in a research report on Monday, July 18th. Finally, Vetr upgraded shares of MasterCard from a “hold” rating to a “buy” rating and set a $98.52 price target on the stock in a research report on Monday, June 13th. Seven investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $109.71.
In related news, insider Robert Reeg sold 6,000 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $94.79, for a total value of $568,740.00. Following the completion of the transaction, the insider now directly owns 53,501 shares of the company’s stock, valued at $5,071,359.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Foundation Mastercard sold 84,000 shares of the firm’s stock in a transaction on Monday, July 18th. The shares were sold at an average price of $91.17, for a total transaction of $7,658,280.00. Following the completion of the transaction, the insider now directly owns 115,148,971 shares of the company’s stock, valued at $10,498,131,686.07. The disclosure for this sale can be found here. Insiders own 3.14% 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. 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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