Penobscot Investment Management Company Inc. increased its position in shares of MasterCard Inc. (NYSE:MA) by 1.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,535 shares of the company’s stock after buying an additional 610 shares during the period. MasterCard accounts for approximately 1.4% of Penobscot Investment Management Company Inc.’s investment portfolio, making the stock its 21st largest position. Penobscot Investment Management Company Inc.’s holdings in MasterCard were worth $3,922,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Seven Bridges Advisors LLC acquired a new stake in shares of MasterCard during the second quarter worth $109,000. Lowe fs LLC boosted its stake in shares of MasterCard by 9.8% in the third quarter. Lowe fs LLC now owns 1,120 shares of the company’s stock worth $114,000 after buying an additional 100 shares during the last quarter. Feltz Wealth PLAN Inc. acquired a new stake in shares of MasterCard during the second quarter worth $121,000. Hanson McClain Inc. boosted its stake in shares of MasterCard by 11.0% in the second quarter. Hanson McClain Inc. now owns 1,409 shares of the company’s stock worth $124,000 after buying an additional 140 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC acquired a new stake in shares of MasterCard during the second quarter worth $125,000. Institutional investors and hedge funds own 74.44% of the company’s stock.

Institutional Ownership by Quarter for MasterCard (NYSE:MA)

MasterCard Inc. (NYSE:MA) traded down 2.24% during trading on Monday, reaching $103.36. 5,401,609 shares of the company’s stock were exchanged. The firm 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 52-week low of $78.52 and a 52-week high of $108.93. The stock’s 50 day moving average price is $103.67 and its 200 day moving average price is $97.75.

MasterCard (NYSE:MA) last posted its quarterly earnings results on Friday, October 28th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period in the prior year, the firm posted $0.91 earnings per share. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. Equities research analysts anticipate that MasterCard Inc. will post $3.75 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 9th. Shareholders of record on Monday, October 10th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.72%. The ex-dividend date was Wednesday, October 5th. MasterCard’s dividend payout ratio (DPR) is currently 20.99%.

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MA has been the subject of a number of research reports. Bank of America Corp. set a $103.00 target price on shares of MasterCard and gave the stock a “hold” rating in a report on Thursday, September 8th. Zacks Investment Research raised shares of MasterCard from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a research note on Thursday. Pacific Crest set a $110.00 price objective on shares of MasterCard and gave the stock a “buy” rating in a research note on Wednesday, September 14th. Vetr lowered shares of MasterCard from a “buy” rating to a “hold” rating and set a $108.31 price objective for the company. in a research note on Monday, November 21st. Finally, Guggenheim lowered shares of MasterCard from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 1st. Eight investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The company currently 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 value of $628,860.00. Following the transaction, the insider now directly owns 47,501 shares of the company’s stock, valued at $4,978,579.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Haythornthwaite sold 5,000 shares of the stock in a transaction dated 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 transaction, the director now directly owns 52,423 shares in the company, valued at $5,335,612.94. The disclosure for this sale can be found here. Company insiders own 3.14% of the company’s stock.

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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