Montag & Caldwell LLC Raises Stake in MasterCard Inc. (MA)
Montag & Caldwell LLC raised its stake in MasterCard Inc. (NYSE:MA) by 0.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 878,992 shares of the company’s stock after buying an additional 211 shares during the period. Montag & Caldwell LLC owned approximately 0.08% of MasterCard worth $77,404,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Bank of Montreal Can bought a new stake in MasterCard during the second quarter valued at approximately $217,521,000. Carmignac Gestion raised its position in shares of MasterCard by 21.2% in the second quarter. Carmignac Gestion now owns 5,993,989 shares of the company’s stock worth $527,831,000 after buying an additional 1,047,867 shares during the period. Findlay Park Partners LLP raised its position in shares of MasterCard by 94.7% in the first quarter. Findlay Park Partners LLP now owns 1,850,000 shares of the company’s stock worth $174,825,000 after buying an additional 900,000 shares during the period. Bristol John W & Co. Inc. NY acquired a new position in shares of MasterCard during the second quarter worth about $62,970,000. Finally, Credit Agricole S A raised its position in shares of MasterCard by 144.1% in the first quarter. Credit Agricole S A now owns 971,323 shares of the company’s stock worth $91,790,000 after buying an additional 573,334 shares during the period. Institutional investors own 75.12% of the company’s stock.
MasterCard Inc. (NYSE:MA) traded down 0.67% during midday trading on Friday, reaching $102.25. The company had a trading volume of 4,225,571 shares. MasterCard Inc. has a 12 month low of $78.52 and a 12 month high of $103.49. The firm has a market capitalization of $112.24 billion, a PE ratio of 29.99 and a beta of 1.19. The firm’s 50-day moving average price is $99.14 and its 200 day moving average price is $95.68.
MasterCard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.06. The company earned $2.70 billion during 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 firm’s revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 earnings per share. Equities analysts anticipate that MasterCard Inc. will post $3.63 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 9th. Shareholders of record on Monday, October 10th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.76 annualized dividend and a yield of 0.74%. MasterCard’s dividend payout ratio is presently 22.35%.
A number of research analysts have recently issued reports on MA shares. Vetr upgraded MasterCard from a “hold” rating to a “buy” rating and set a $98.52 target price on the stock in a research report on Monday, June 13th. Wells Fargo & Co. reiterated a “market perform” rating and set a $105.00 target price on shares of MasterCard in a research report on Wednesday, June 15th. Robert W. Baird reiterated a “buy” rating on shares of MasterCard in a research report on Wednesday, June 15th. Sanford C. Bernstein reiterated an “outperform” rating and set a $110.00 target price on shares of MasterCard in a research report on Saturday, July 2nd. Finally, Jefferies Group reiterated a “buy” rating on shares of MasterCard in a research report on Tuesday, July 5th. Seven investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $109.71.
In other news, major shareholder Foundation Mastercard sold 84,000 shares of the stock in a transaction dated Monday, July 18th. The stock was sold at an average price of $91.17, for a total value of $7,658,280.00. Following the completion of the sale, the insider now owns 115,148,971 shares in the company, valued at $10,498,131,686.07. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ann Cairns sold 26,630 shares of the stock in a transaction dated Tuesday, October 4th. The shares were 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 owns 58,721 shares of the company’s stock, valued at approximately $5,977,210.59. The disclosure for this sale can be found here. Company 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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