MasterCard Inc. (MA) Shares Sold by Waverton Investment Management Ltd
Waverton Investment Management Ltd decreased its stake in MasterCard Inc. (NYSE:MA) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 293,240 shares of the company’s stock after selling 4,500 shares during the period. MasterCard makes up approximately 1.9% of Waverton Investment Management Ltd’s portfolio, making the stock its 20th largest position. Waverton Investment Management Ltd’s holdings in MasterCard were worth $25,823,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in MA. Harvey Investment Co. LLC raised its stake in MasterCard by 1.5% in the second quarter. Harvey Investment Co. LLC now owns 39,550 shares of the company’s stock worth $3,483,000 after buying an additional 600 shares during the period. Gluskin Sheff & Assoc Inc. raised its stake in MasterCard by 15.6% in the second quarter. Gluskin Sheff & Assoc Inc. now owns 403,288 shares of the company’s stock worth $35,514,000 after buying an additional 54,375 shares during the period. LMR Partners LLP bought a new stake in MasterCard during the second quarter worth about $903,000. Flossbach Von Storch AG raised its stake in MasterCard by 11.3% in the second quarter. Flossbach Von Storch AG now owns 2,886,590 shares of the company’s stock worth $254,193,000 after buying an additional 292,540 shares during the period. Finally, Savant Capital LLC raised its stake in MasterCard by 19.0% in the second quarter. Savant Capital LLC now owns 5,051 shares of the company’s stock worth $445,000 after buying an additional 805 shares during the period. Institutional investors own 75.13% of the company’s stock.
MasterCard Inc. (NYSE:MA) traded up 0.58% during midday trading on Monday, hitting $102.84. The stock had a trading volume of 1,682,874 shares. The company has a market cap of $112.89 billion, a P/E ratio of 30.17 and a beta of 1.18. MasterCard Inc. has a one year low of $78.52 and a one year high of $103.49. The stock’s 50-day moving average is $99.34 and its 200-day moving average is $95.75.
MasterCard (NYSE:MA) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.96 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.06. MasterCard had a net margin of 37.39% and a return on equity of 66.32%. The business earned $2.70 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the prior year, the company earned $0.85 EPS. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. Equities analysts predict that MasterCard Inc. will post $3.63 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 9th. Investors of record on Monday, October 10th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis 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 a number of analyst reports. Vetr raised MasterCard from a “hold” rating to a “buy” rating and set a $98.52 price target for the company in a report on Monday, June 13th. Wells Fargo & Co. reissued a “market perform” rating and issued a $105.00 price target on shares of MasterCard in a report on Wednesday, June 15th. Robert W. Baird reissued a “buy” rating on shares of MasterCard in a report on Wednesday, June 15th. Sanford C. Bernstein reissued an “outperform” rating and issued a $110.00 price target on shares of MasterCard in a report on Saturday, July 2nd. Finally, Jefferies Group reissued a “buy” rating on shares of MasterCard in a report on Tuesday, July 5th. Seven investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. MasterCard presently has a consensus rating of “Buy” and a consensus price target of $109.71.
In related news, CFO Martina Hundmejean sold 94,345 shares of the company’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $96.82, for a total value of $9,134,482.90. Following the completion of the sale, the chief financial officer now owns 214,968 shares in the company, valued at approximately $20,813,201.76. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard Haythornthwaite sold 5,000 shares of the company’s stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $101.78, for a total transaction of $508,900.00. Following the completion of the sale, the director now owns 52,423 shares of the company’s stock, valued at approximately $5,335,612.94. The disclosure for this sale can be found here. 3.14% of the stock is currently owned by corporate 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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