Fruth Investment Management Sells 4,000 Shares of MasterCard Inc. (MA)
Fruth Investment Management decreased its stake in shares of MasterCard Inc. (NYSE:MA) by 11.0% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 32,281 shares of the company’s stock after selling 4,000 shares during the period. MasterCard comprises about 1.6% of Fruth Investment Management’s investment portfolio, making the stock its 10th largest position. Fruth Investment Management’s holdings in MasterCard were worth $3,285,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Bank of Montreal Can purchased a new position in MasterCard during the second quarter valued at $217,521,000. Emerald Acquisition Ltd. bought a new stake in shares of MasterCard during the second quarter valued at approximately $212,422,000. Caisse DE Depot ET Placement DU Quebec raised its stake 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 valued at $322,961,000 after buying an additional 1,122,500 shares during the last quarter. Carmignac Gestion raised its stake in shares of MasterCard by 21.2% in the second quarter. Carmignac Gestion now owns 5,993,989 shares of the company’s stock valued at $527,831,000 after buying an additional 1,047,867 shares during the last quarter. Finally, BlackRock Group LTD raised its stake 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 valued at $883,352,000 after buying an additional 977,812 shares during the last quarter. Institutional investors and hedge funds own 74.44% of the company’s stock.
Shares of MasterCard Inc. (NYSE:MA) traded up 0.45% during trading on Tuesday, reaching $103.82. 3,356,613 shares of the company’s stock traded hands. The company has a 50 day moving average price of $103.70 and a 200 day moving average price of $97.82. MasterCard Inc. has a 1-year low of $78.52 and a 1-year high of $108.93. The stock has a market capitalization of $113.12 billion, a PE ratio of 28.70 and a beta of 1.22.
MasterCard (NYSE:MA) last posted its quarterly earnings results on Friday, October 28th. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.98 by $0.10. The company earned $2.88 billion during the quarter, compared to analysts’ expectations of $2.74 billion. MasterCard had a return on equity of 69.11% and a net margin of 38.11%. The firm’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 EPS. On average, equities analysts forecast that MasterCard Inc. will post $3.75 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 9th. Stockholders of record on Monday, October 10th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Wednesday, October 5th. MasterCard’s dividend payout ratio is currently 20.99%.
Several equities research analysts recently commented on the stock. Jefferies Group reissued a “buy” rating and issued a $112.00 price target on shares of MasterCard 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 $114.00 price target for the company in a report on Wednesday, September 28th. Vetr lowered shares of MasterCard from a “buy” rating to a “hold” rating and set a $105.86 price target for the company. in a report on Thursday, September 22nd. Barclays PLC reissued an “overweight” rating and issued a $120.00 price target (up previously from $110.00) on shares of MasterCard in a report on Friday, October 21st. Finally, RBC Capital Markets reissued an “outperform” rating and issued a $115.00 price target (up previously from $112.00) on shares of MasterCard in a report on Monday, October 31st. Seven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $110.88.
In related news, major shareholder Foundation Mastercard sold 72,624 shares of the business’s stock in a transaction that occurred on 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 directly owns 114,592,747 shares of the company’s stock, valued at approximately $11,806,490,723.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Fraccaro sold 2,514 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $102.99, for a total value of $258,916.86. Following the transaction, the insider now directly owns 5,687 shares in the company, valued at $585,704.13. The disclosure for this sale can be found here. 3.14% of the stock is owned by 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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