MasterCard Inc. (MA) Stake Cut by Hexavest Inc.
Hexavest Inc. lowered its position in MasterCard Inc. (NYSE:MA) by 6.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 162,412 shares of the company’s stock after selling 11,306 shares during the period. Hexavest Inc.’s holdings in MasterCard were worth $16,529,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Bank of Montreal Can acquired a new position in shares of MasterCard during the second quarter worth $217,521,000. Emerald Acquisition Ltd. acquired a new position in shares of MasterCard during the second quarter worth $212,422,000. Caisse DE Depot ET Placement DU Quebec increased its position in shares of MasterCard by 44.1% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,667,510 shares of the company’s stock worth $322,961,000 after buying an additional 1,122,500 shares during the period. Carmignac Gestion increased its position in shares of MasterCard by 21.2% in the second quarter. Carmignac Gestion now owns 5,993,989 shares of the company’s stock worth $527,831,000 after buying an additional 1,047,867 shares during the period. Finally, BlackRock Group LTD increased its position in shares of MasterCard by 10.8% in the second quarter. BlackRock Group LTD now owns 10,031,237 shares of the company’s stock worth $883,352,000 after buying an additional 977,812 shares during the period. 74.44% of the stock is currently owned by hedge funds and other institutional investors.
MasterCard Inc. (NYSE:MA) traded down 2.0285% during trading on Monday, hitting $103.5853. 3,228,104 shares of the stock were exchanged. The stock has a market cap of $112.87 billion, a P/E ratio of 28.6385 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 has a 50 day moving average of $103.67 and a 200-day moving average of $97.75.
MasterCard (NYSE:MA) last issued 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 company earned $2.88 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same quarter last year, the business posted $0.91 EPS. MasterCard’s quarterly revenue was up 14.6% compared to the same quarter last year. Equities analysts expect that MasterCard Inc. will post $3.75 EPS for the current fiscal year.
The firm 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 is 20.99%.
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A number of equities research analysts have recently issued reports on the company. Deutsche Bank AG restated a “buy” rating on shares of MasterCard in a report on Monday, October 31st. Robert W. Baird restated an “outperform” rating and set a $124.00 price objective (up previously from $120.00) on shares of MasterCard in a report on Monday, October 31st. Guggenheim cut MasterCard from a “buy” rating to a “neutral” rating in a report on Tuesday, November 1st. Vetr cut MasterCard from a “buy” rating to a “hold” rating and set a $110.07 price objective for the company. in a report on Monday, October 31st. Finally, Royal Bank Of Canada boosted their price objective on MasterCard from $112.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, October 31st. Eight research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $110.90.
In related news, major shareholder Foundation Mastercard sold 72,624 shares of MasterCard stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $103.03, for a total value of $7,482,450.72. Following the completion of the transaction, the insider now directly owns 114,592,747 shares in the company, valued at approximately $11,806,490,723.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ann Cairns sold 26,630 shares of MasterCard 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 completion of the transaction, the insider now owns 58,721 shares of the company’s stock, valued at $5,977,210.59. 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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