Bath Savings Trust Co increased its stake in MasterCard Inc. (NYSE:MA) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 155,837 shares of the company’s stock after buying an additional 1,939 shares during the period. MasterCard accounts for 5.0% of Bath Savings Trust Co’s investment portfolio, making the stock its 2nd largest position. Bath Savings Trust Co’s holdings in MasterCard were worth $15,860,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Silvercrest Asset Management Group LLC increased its stake in shares of MasterCard by 40.1% in the first quarter. Silvercrest Asset Management Group LLC now owns 7,357 shares of the company’s stock valued at $695,000 after buying an additional 2,107 shares during the period. Chilton Capital Management LLC boosted its stake in MasterCard by 28.1% in the first quarter. Chilton Capital Management LLC now owns 8,036 shares of the company’s stock valued at $759,000 after buying an additional 1,763 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in MasterCard by 27.5% in the first quarter. Panagora Asset Management Inc. now owns 371,338 shares of the company’s stock valued at $35,091,000 after buying an additional 80,027 shares in the last quarter. Eachwin Capital LP acquired a new stake in MasterCard during the first quarter valued at approximately $462,000. Finally, Squarepoint Ops LLC acquired a new stake in MasterCard during the first quarter valued at approximately $822,000. 75.18% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for MasterCard (NYSE:MA)

MasterCard Inc. (NYSE:MA) traded up 0.32% during trading on Friday, reaching $104.78. The company’s stock had a trading volume of 3,274,975 shares. The company’s 50 day moving average price is $102.94 and its 200 day moving average price is $97.28. The company has a market cap of $114.17 billion, a P/E ratio of 28.97 and a beta of 1.22. MasterCard Inc. has a 52 week low of $78.52 and a 52 week high of $108.93.

MasterCard (NYSE:MA) last released its quarterly earnings data on Friday, October 28th. The company reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.10. MasterCard had a net margin of 38.11% and a return on equity of 69.11%. The business earned $2.88 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same quarter in the prior year, the company earned $0.91 EPS. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. On average, equities analysts anticipate that MasterCard Inc. will post $3.75 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 9th. Investors of record on Monday, October 10th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Wednesday, October 5th. MasterCard’s dividend payout ratio is currently 20.99%.

Several analysts recently commented on the company. Vetr cut MasterCard from a “buy” rating to a “hold” rating and set a $108.31 target price on the stock. in a research report on Monday. Barclays PLC restated an “overweight” rating and issued a $120.00 target price (up from $110.00) on shares of MasterCard in a research report on Friday, October 21st. Robert W. Baird restated an “outperform” rating and issued a $124.00 target price (up from $120.00) on shares of MasterCard in a research report on Monday, October 31st. RBC Capital Markets restated an “outperform” rating and issued a $115.00 target price (up from $112.00) on shares of MasterCard in a research report on Monday, October 31st. Finally, Royal Bank Of Canada lifted their price target on MasterCard from $112.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, October 31st. Seven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $110.90.

In other news, insider Robert Reeg sold 6,000 shares of the stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $104.81, for a total transaction of $628,860.00. Following the completion of the transaction, the insider now directly owns 47,501 shares in the company, valued at approximately $4,978,579.81. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Foundation Mastercard sold 72,624 shares of the stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $103.03, for a total transaction of $7,482,450.72. Following the transaction, the insider now owns 114,592,747 shares of the company’s stock, valued at $11,806,490,723.41. The disclosure for this sale can be found here. 3.14% of the stock is currently owned by corporate 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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