CIBC World Markets Inc. increased its stake in shares of MasterCard Inc. (NYSE:MA) by 19.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,927 shares of the company’s stock after buying an additional 12,541 shares during the period. CIBC World Markets Inc.’s holdings in MasterCard were worth $7,727,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Asset Advisory Services LLC raised its position in MasterCard by 3.6% in the second quarter. Capital Asset Advisory Services LLC now owns 5,088 shares of the company’s stock valued at $448,000 after buying an additional 178 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of MasterCard by 20.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,410 shares of the company’s stock valued at $300,000 after buying an additional 568 shares in the last quarter. Capital Insight Partners LLC increased its stake in shares of MasterCard by 0.6% in the second quarter. Capital Insight Partners LLC now owns 18,978 shares of the company’s stock valued at $1,671,000 after buying an additional 119 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in shares of MasterCard by 0.3% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 868,922 shares of the company’s stock valued at $76,517,000 after buying an additional 2,939 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX increased its stake in shares of MasterCard by 5.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 251,292 shares of the company’s stock valued at $22,129,000 after buying an additional 12,556 shares in the last quarter. 74.44% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for MasterCard (NYSE:MA)

MasterCard Inc. (NYSE:MA) traded down 2.24% during trading on Monday, reaching $103.36. 5,348,565 shares of the company’s stock traded hands. The company has a market cap of $112.62 billion, a P/E ratio of 28.58 and a beta of 1.22. MasterCard Inc. has a 12 month low of $78.52 and a 12 month high of $108.93. The firm’s 50 day moving average is $103.67 and its 200 day moving average is $97.75.

MasterCard (NYSE:MA) last announced its earnings results on Friday, October 28th. The company reported $1.08 earnings per share 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 the consensus estimate of $2.74 billion. MasterCard had a net margin of 38.11% and a return on equity of 69.11%. MasterCard’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period last year, the firm posted $0.91 earnings per share. Analysts anticipate that MasterCard Inc. will post $3.75 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 9th. Investors of record on Monday, October 10th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Wednesday, October 5th. MasterCard’s dividend payout ratio is currently 20.99%.

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Several brokerages have recently weighed in on MA. Zacks Investment Research downgraded MasterCard from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. RBC Capital Markets restated an “outperform” rating and set a $115.00 target price (up from $112.00) on shares of MasterCard in a research note on Monday, October 31st. Jefferies Group restated a “buy” rating on shares of MasterCard in a research note on Thursday, August 25th. Vetr downgraded MasterCard from a “buy” rating to a “hold” rating and set a $105.86 target price for the company. in a research note on Monday, October 3rd. Finally, Barclays PLC raised their target price on MasterCard from $107.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, September 8th. Eight analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $110.90.

In other MasterCard news, insider Ann Cairns sold 26,630 shares of the stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $101.79, for a total transaction of $2,710,667.70. Following the transaction, the insider now directly owns 58,721 shares in the company, valued at $5,977,210.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 72,624 shares of the stock in a transaction that occurred on Wednesday, October 26th. The shares were 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 in the company, 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.

About MasterCard

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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