Gluskin Sheff & Assoc Inc. raised its position in MasterCard Inc. (NYSE:MA) by 15.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 403,288 shares of the company’s stock after buying an additional 54,375 shares during the period. MasterCard comprises 3.1% of Gluskin Sheff & Assoc Inc.’s investment portfolio, making the stock its 11th largest position. Gluskin Sheff & Assoc Inc.’s holdings in MasterCard were worth $35,514,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. First Niagara Bank increased its position in MasterCard by 1.4% in the second quarter. First Niagara Bank now owns 2,543 shares of the company’s stock valued at $224,000 after buying an additional 35 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in MasterCard by 0.3% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,696 shares of the company’s stock valued at $1,389,000 after buying an additional 40 shares during the last quarter. Trust Co. of Toledo NA OH increased its position in MasterCard by 1.5% in the second quarter. Trust Co. of Toledo NA OH now owns 3,350 shares of the company’s stock valued at $295,000 after buying an additional 50 shares during the last quarter. Wagner Bowman Management Corp increased its position in MasterCard by 0.9% in the second quarter. Wagner Bowman Management Corp now owns 5,915 shares of the company’s stock valued at $520,000 after buying an additional 50 shares during the last quarter. Finally, Pineno Levin & Ford Asset Management Inc. increased its position in MasterCard by 1.2% in the second quarter. Pineno Levin & Ford Asset Management Inc. now owns 7,235 shares of the company’s stock valued at $637,000 after buying an additional 85 shares during the last quarter. 75.12% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for MasterCard (NYSE:MA)

Shares of MasterCard Inc. (NYSE:MA) traded down 0.67% during mid-day trading on Friday, hitting $102.25. The stock had a trading volume of 4,225,571 shares. MasterCard Inc. has a 1-year low of $78.52 and a 1-year high of $103.49. The stock’s 50-day moving average is $99.34 and its 200 day moving average is $95.75. The firm has a market capitalization of $112.24 billion, a price-to-earnings 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 for the quarter, topping the consensus estimate of $0.90 by $0.06. The business earned $2.70 billion during the quarter, compared to the consensus estimate of $2.59 billion. MasterCard had a net margin of 37.39% and a return on equity of 66.32%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 earnings per share. Equities research analysts predict 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. Shareholders of record on Monday, October 10th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.74%. The ex-dividend date is Wednesday, October 5th. MasterCard’s dividend payout ratio is presently 22.35%.

Several equities analysts have recently commented on MA shares. Jefferies Group reaffirmed a “buy” rating on shares of MasterCard in a research report on Thursday, August 25th. Sanford C. Bernstein reissued an “outperform” rating and set a $110.00 price target on shares of MasterCard in a research report on Saturday, July 2nd. Zacks Investment Research raised MasterCard from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a research report on Wednesday, September 28th. Robert W. Baird reissued an “outperform” rating and set a $115.00 price target on shares of MasterCard in a research report on Monday, July 25th. Finally, Vetr downgraded MasterCard from a “buy” rating to a “hold” rating and set a $105.86 price target on the stock. in a research report on Monday, October 3rd. Seven equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $109.71.

In other news, CFO Martina Hundmejean sold 94,345 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $96.82, for a total transaction of $9,134,482.90. Following the transaction, the chief financial officer now directly owns 214,968 shares of the company’s stock, valued at $20,813,201.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Silvio Barzi sold 9,600 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $96.47, for a total value of $926,112.00. Following the transaction, the director now directly owns 16,391 shares in the company, valued at $1,581,239.77. The disclosure for this sale can be found here. 3.14% of the stock is currently owned by company insiders.

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.

5 Day Chart for NYSE:MA

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