Broderick Brian C Decreases Position in Mastercard Incorporated (MA)
Broderick Brian C lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 60,192 shares of the credit services provider’s stock after selling 77 shares during the period. Mastercard accounts for approximately 2.7% of Broderick Brian C’s investment portfolio, making the stock its 11th largest position. Broderick Brian C’s holdings in Mastercard were worth $7,310,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. American Beacon Advisors Inc. acquired a new stake in Mastercard during the first quarter worth $100,000. Lipe & Dalton acquired a new stake in Mastercard during the first quarter worth $101,000. Proficio Capital Partners LLC raised its stake in Mastercard by 108.2% in the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after buying an additional 464 shares in the last quarter. Kistler Tiffany Companies LLC raised its stake in 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 in the last quarter. Finally, Norway Savings Bank raised its stake in Mastercard by 1.1% in the second quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock worth $117,000 after buying an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 75.99% of the company’s stock.
Mastercard Incorporated (MA) traded up 1.34% on Monday, hitting $130.27. 896,087 shares of the stock were exchanged. The stock has a market cap of $138.72 billion, a price-to-earnings ratio of 32.33 and a beta of 1.17. Mastercard Incorporated has a 12 month low of $94.41 and a 12 month high of $132.20. The company has a 50-day moving average of $126.59 and a 200-day moving average of $117.50.
Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The firm had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same period in the previous year, the company earned $0.96 earnings per share. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. On average, equities analysts predict that Mastercard Incorporated will post $4.40 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th were issued a dividend of $0.22 per share. The ex-dividend date was Wednesday, July 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.68%. Mastercard’s payout ratio is 21.78%.
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A number of equities research analysts recently weighed in on the stock. BidaskClub upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Citigroup Inc. upped their target price on shares of Mastercard from $123.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, June 19th. Zacks Investment Research lowered shares of Mastercard from a “hold” rating to a “sell” rating in a report on Thursday, April 20th. Vetr lowered shares of Mastercard from a “hold” rating to a “sell” rating and set a $115.30 target price on the stock. in a report on Monday, May 22nd. Finally, BMO Capital Markets upped their target price on shares of Mastercard from $126.00 to $137.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. Mastercard currently has a consensus rating of “Buy” and a consensus price target of $128.20.
In other news, major shareholder Foundation Mastercard sold 87,618 shares of the business’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $127.98, for a total transaction of $11,213,351.64. Following the completion of the transaction, the insider now directly owns 112,649,063 shares of the company’s stock, valued at $14,416,827,082.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the transaction, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The disclosure for this sale can be found here. Insiders have sold 850,468 shares of company stock valued at $109,574,694 over the last three months. 0.30% of the stock is owned by corporate insiders.
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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