First Mercantile Trust Co. Has $5,693,000 Stake in MasterCard Inc. (MA)
First Mercantile Trust Co. reduced its position in MasterCard Inc. (NYSE:MA) by 3.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,948 shares of the company’s stock after selling 1,771 shares during the period. MasterCard comprises approximately 0.8% of First Mercantile Trust Co.’s portfolio, making the stock its 18th largest position. First Mercantile Trust Co.’s holdings in MasterCard were worth $5,693,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in MA. First Quadrant L P CA boosted its stake in shares of MasterCard by 4.5% in the second quarter. First Quadrant L P CA now owns 128,980 shares of the company’s stock worth $11,358,000 after buying an additional 5,600 shares in the last quarter. Gluskin Sheff & Assoc Inc. boosted its stake in shares of 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 in the last quarter. Atwood & Palmer Inc. boosted its stake in shares of MasterCard by 1.3% in the second quarter. Atwood & Palmer Inc. now owns 191,251 shares of the company’s stock worth $16,842,000 after buying an additional 2,389 shares in the last quarter. Peak Asset Management LLC boosted its stake in shares of MasterCard by 38.5% in the second quarter. Peak Asset Management LLC now owns 7,574 shares of the company’s stock worth $667,000 after buying an additional 2,106 shares in the last quarter. Finally, Capital Fund Management S.A. boosted its stake in shares of MasterCard by 52.5% in the second quarter. Capital Fund Management S.A. now owns 906,868 shares of the company’s stock worth $79,859,000 after buying an additional 312,103 shares in the last quarter. 75.02% of the stock is owned by institutional investors.
MasterCard Inc. (NYSE:MA) traded up 1.11% during mid-day trading on Monday, hitting $105.94. 2,650,805 shares of the company were exchanged. MasterCard Inc. has a 12-month low of $78.52 and a 12-month high of $108.93. The company’s 50-day moving average is $103.35 and its 200 day moving average is $97.57. The company has a market capitalization of $115.43 billion, a P/E ratio of 29.29 and a beta of 1.22.
MasterCard (NYSE:MA) last announced its quarterly earnings data on Friday, October 28th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.10. The business had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.74 billion. MasterCard had a net margin of 38.11% and a return on equity of 69.11%. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period last year, the firm posted $0.91 earnings per share. Analysts expect that MasterCard Inc. will post $3.75 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 9th. Investors of record on Monday, October 10th were paid a $0.19 dividend. The ex-dividend date was Wednesday, October 5th. This represents a $0.76 dividend on an annualized basis and a yield of 0.72%. MasterCard’s dividend payout ratio (DPR) is 20.99%.
A number of equities analysts have recently commented on the company. Bank of America Corp. set a $103.00 price objective on MasterCard and gave the stock a “hold” rating in a research note on Thursday, September 8th. Pacific Crest set a $110.00 price objective on MasterCard and gave the stock a “buy” rating in a research note on Wednesday, September 14th. Zacks Investment Research upgraded MasterCard from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a research note on Wednesday, September 28th. Guggenheim lowered MasterCard from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 1st. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $124.00 price objective (up from $120.00) on shares of MasterCard in a research note on Monday, October 31st. Seven investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. MasterCard has a consensus rating of “Buy” and a consensus price target of $110.90.
In other MasterCard news, major shareholder Foundation Mastercard sold 48,424 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $104.98, for a total transaction of $5,083,551.52. Following the sale, the insider now owns 114,157,003 shares of the company’s stock, valued at $11,984,202,174.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $101.78, for a total transaction of $508,900.00. Following the sale, the director now directly owns 52,423 shares in the company, 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 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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