State of Wisconsin Investment Board Has $104.67 Million Stake in Mastercard Incorporated (NYSE:MA)
State of Wisconsin Investment Board increased its position in Mastercard Incorporated (NYSE:MA) by 14.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 930,648 shares of the credit services provider’s stock after buying an additional 118,208 shares during the period. State of Wisconsin Investment Board’s holdings in Mastercard were worth $104,670,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Integrated Investment Consultants LLC increased its stake in Mastercard by 260.0% in the first quarter. Integrated Investment Consultants LLC now owns 900 shares of the credit services provider’s stock worth $101,000 after buying an additional 650 shares in the last quarter. Israel Discount Bank of New York GFN bought a new stake in Mastercard during the fourth quarter worth about $110,000. Kistler Tiffany Companies LLC boosted its position in shares of Mastercard by 10.9% in the first quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock worth $115,000 after buying an additional 100 shares during the last quarter. Archford Capital Strategies LLC boosted its position in shares of Mastercard by 767.6% in the fourth quarter. Archford Capital Strategies LLC now owns 1,258 shares of the credit services provider’s stock worth $129,000 after buying an additional 1,113 shares during the last quarter. Finally, First Bank & Trust boosted its position in shares of Mastercard by 14.5% in the first quarter. First Bank & Trust now owns 1,300 shares of the credit services provider’s stock worth $146,000 after buying an additional 165 shares during the last quarter. 75.76% of the stock is owned by institutional investors.
Mastercard Incorporated (NYSE MA) traded up 0.43% on Monday, hitting $130.38. 1,585,752 shares of the stock traded hands. The firm has a 50-day moving average price of $124.99 and a 200-day moving average price of $116.49. The company has a market capitalization of $138.84 billion, a PE ratio of 32.35 and a beta of 1.17. Mastercard Incorporated has a 12 month low of $94.41 and a 12 month high of $132.20.
Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The firm had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. Mastercard’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.96 earnings per share. Analysts forecast that Mastercard Incorporated will post $4.39 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Wednesday, July 5th. Mastercard’s dividend payout ratio is currently 21.78%.
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A number of brokerages recently commented on MA. BidaskClub cut shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Cowen and Company reiterated an “outperform” rating and issued a $137.00 target price (up previously from $129.00) on shares of Mastercard in a research report on Sunday, July 30th. BMO Capital Markets boosted their price objective on shares of Mastercard from $126.00 to $137.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Loop Capital boosted their price objective on shares of Mastercard from $132.00 to $144.00 and gave the company a “positive” rating in a research report on Friday, July 28th. They noted that the move was a valuation call. Finally, Jefferies Group LLC restated a “buy” rating and issued a $147.00 price objective (up previously from $140.00) on shares of Mastercard in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $128.20.
In related news, CFO Martina Hundmejean sold 91,107 shares of Mastercard stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the completion of the sale, the chief financial officer now owns 170,570 shares in the company, valued at approximately $22,138,280.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 87,618 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $126.60, for a total value of $11,092,438.80. Following the completion of the sale, the insider now directly owns 112,736,681 shares in the company, valued at $14,272,463,814.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 704,433 shares of company stock valued at $90,655,568. Company insiders own 0.30% of the company’s stock.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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