Biondo Investment Advisors LLC increased its position in shares of MasterCard Inc. (NYSE:MA) by 0.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,299 shares of the company’s stock after buying an additional 1,670 shares during the period. MasterCard accounts for approximately 7.8% of Biondo Investment Advisors LLC’s investment portfolio, making the stock its 2nd largest position. Biondo Investment Advisors LLC’s holdings in MasterCard were worth $22,929,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. First Quadrant L P CA raised its position 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 during the period. Gluskin Sheff & Assoc Inc. increased its position 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. increased its position 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 increased its position 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. increased its position 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. Hedge funds and other institutional investors own 74.44% of the company’s stock.

Institutional Ownership by Quarter for MasterCard (NYSE:MA)

MasterCard Inc. (NYSE:MA) traded up 0.87% during mid-day trading on Tuesday, reaching $104.26. 764,681 shares of the company were exchanged. MasterCard Inc. has a one year low of $78.52 and a one year high of $108.93. The stock has a 50 day moving average of $103.70 and a 200-day moving average of $97.82. The stock has a market capitalization of $113.60 billion, a price-to-earnings ratio of 28.82 and a beta of 1.22.

MasterCard (NYSE:MA) last announced its quarterly earnings results 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 firm 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%. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.91 EPS. On average, equities analysts expect that MasterCard Inc. will post $3.75 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 9th. Stockholders of record on Monday, October 10th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Wednesday, October 5th. MasterCard’s payout ratio is presently 20.99%.

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MA has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of MasterCard from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. Jefferies Group reissued a “buy” rating on shares of MasterCard in a research note on Friday, August 12th. Robert W. Baird lifted their target price on shares of MasterCard from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 6th. Barclays PLC lifted their target price on shares of MasterCard from $107.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, September 8th. Finally, Nomura lifted their target price on shares of MasterCard from $109.00 to $113.00 and gave the stock a “buy” rating in a research note on Thursday, September 8th. Seven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. MasterCard presently has an average rating of “Buy” and a consensus target price of $110.88.

In related news, major shareholder Foundation Mastercard sold 72,624 shares of the firm’s 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 transaction, the insider now owns 114,592,747 shares of the company’s stock, valued at $11,806,490,723.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert Reeg sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $104.81, for a total transaction of $628,860.00. Following the completion of the transaction, the insider now directly owns 47,501 shares in the company, valued at approximately $4,978,579.81. 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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