Flossbach Von Storch AG Increases Stake in MasterCard Inc. (MA)
Flossbach Von Storch AG increased its stake in MasterCard Inc. (NYSE:MA) by 11.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,886,590 shares of the company’s stock after buying an additional 292,540 shares during the period. MasterCard accounts for 4.4% of Flossbach Von Storch AG’s portfolio, making the stock its 8th largest position. Flossbach Von Storch AG owned approximately 0.26% of MasterCard worth $254,193,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Virginia Retirement System bought a new position in shares of MasterCard during the first quarter valued at $11,043,000. BTC Capital Management Inc. raised its position in MasterCard by 8.8% in the first quarter. BTC Capital Management Inc. now owns 52,935 shares of the company’s stock valued at $5,006,000 after buying an additional 4,285 shares during the last quarter. Dynamic Advisors Solutions LLC raised its position in MasterCard by 2.8% in the first quarter. Dynamic Advisors Solutions LLC now owns 9,487 shares of the company’s stock valued at $896,000 after buying an additional 256 shares during the last quarter. Mondrian Investment Partners LTD raised its position in MasterCard by 76.4% in the first quarter. Mondrian Investment Partners LTD now owns 896,871 shares of the company’s stock valued at $84,754,000 after buying an additional 388,575 shares during the last quarter. Finally, Exane Derivatives raised its position in MasterCard by 38.3% in the first quarter. Exane Derivatives now owns 6,459 shares of the company’s stock valued at $610,000 after buying an additional 1,788 shares during the last quarter. 75.12% of the stock is owned by institutional investors.
MasterCard Inc. (NYSE:MA) traded down 0.67% during midday trading on Friday, hitting $102.25. 4,225,571 shares of the company traded hands. The stock has a 50 day moving average of $99.14 and a 200 day moving average of $95.68. MasterCard Inc. has a 12-month low of $78.52 and a 12-month high of $103.49. The stock has a market cap of $112.24 billion, a P/E ratio of 29.99 and a beta of 1.19.
MasterCard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.06. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.59 billion. MasterCard had a return on equity of 66.32% and a net margin of 37.39%. The business’s revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 EPS. Equities research analysts predict that MasterCard Inc. will post $3.63 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 9th. Investors of record on Monday, October 10th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Wednesday, October 5th. MasterCard’s dividend payout ratio is currently 22.35%.
MA has been the subject of several recent research reports. Jefferies Group reissued a “buy” rating on shares of MasterCard in a research note on Friday, August 12th. Nomura raised their price objective on shares of MasterCard from $109.00 to $113.00 and gave the company a “buy” rating in a research note on Thursday, September 8th. Barclays PLC raised their price objective on shares of MasterCard from $107.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, September 8th. Pacific Crest set a $110.00 price objective on shares of MasterCard and gave the company a “buy” rating in a research note on Wednesday, September 14th. Finally, Citigroup Inc. raised their price objective on shares of MasterCard from $106.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Seven equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $109.71.
In other MasterCard news, Director Silvio Barzi sold 9,600 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $96.47, for a total value of $926,112.00. Following the sale, the director now directly owns 16,391 shares of the company’s stock, valued at $1,581,239.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ann Cairns sold 26,630 shares of the stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $101.79, for a total value of $2,710,667.70. Following the completion of the sale, the insider now directly owns 58,721 shares in the company, valued at $5,977,210.59. The disclosure for this sale can be found here. Corporate insiders own 3.14% of the company’s stock.
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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