Moreno Evelyn V Holds Position in Mastercard Incorporated (MA)
Moreno Evelyn V continued to hold its stake in Mastercard Incorporated (NYSE:MA) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,000 shares of the credit services provider’s stock at the end of the second quarter. Moreno Evelyn V’s holdings in Mastercard were worth $364,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Nomura Asset Management Co. Ltd. increased its stake in Mastercard by 86.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 895,741 shares of the credit services provider’s stock worth $100,744,000 after buying an additional 414,045 shares during the period. Parsons Capital Management Inc. RI increased its stake in Mastercard by 0.9% in the first quarter. Parsons Capital Management Inc. RI now owns 29,675 shares of the credit services provider’s stock worth $3,338,000 after buying an additional 273 shares during the period. Atlantic Trust LLC increased its stake in Mastercard by 1,652.9% in the first quarter. Atlantic Trust LLC now owns 2,454 shares of the credit services provider’s stock worth $276,000 after buying an additional 2,314 shares during the period. Clearbridge Investments LLC increased its stake in Mastercard by 22,644.6% in the first quarter. Clearbridge Investments LLC now owns 1,685,146 shares of the credit services provider’s stock worth $189,528,000 after buying an additional 1,677,737 shares during the period. Finally, Perigon Wealth Management LLC increased its stake in Mastercard by 13.1% in the first quarter. Perigon Wealth Management LLC now owns 6,412 shares of the credit services provider’s stock worth $721,000 after buying an additional 741 shares during the period. Institutional investors own 75.99% of the company’s stock.
Shares of Mastercard Incorporated (MA) traded up 0.36% during midday trading on Friday, hitting $131.35. 1,015,838 shares of the stock were exchanged. The stock’s 50-day moving average price is $127.47 and its 200-day moving average price is $118.12. Mastercard Incorporated has a 1-year low of $94.41 and a 1-year high of $132.63. The firm has a market capitalization of $139.87 billion, a price-to-earnings ratio of 32.59 and a beta of 1.17.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period last year, the firm posted $0.96 EPS. The business’s revenue was up 13.3% compared to the same quarter last year. On average, analysts forecast that Mastercard Incorporated will post $4.40 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 7th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Wednesday, July 5th. Mastercard’s dividend payout ratio (DPR) is currently 21.78%.
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A number of analysts have recently issued reports on the stock. BidaskClub downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Cowen and Company reiterated an “outperform” rating and issued a $137.00 price objective (up from $129.00) on shares of Mastercard in a report on Sunday, July 30th. BMO Capital Markets lifted their price objective on shares of Mastercard from $126.00 to $137.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Loop Capital lifted their price objective on shares of Mastercard from $132.00 to $144.00 and gave the company a “positive” rating in a report on Friday, July 28th. They noted that the move was a valuation call. Finally, Jefferies Group LLC restated a “buy” rating and set a $147.00 target price (up from $140.00) on shares of Mastercard in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently 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 value of $11,824,777.53. Following the completion of the sale, the chief financial officer now owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 29,206 shares of Mastercard stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $127.63, for a total value of $3,727,561.78. Following the completion of the sale, the insider now directly owns 112,649,063 shares of the company’s stock, valued at approximately $14,377,399,910.69. The disclosure for this sale can be found here. In the last three months, insiders sold 850,468 shares of company stock valued at $109,574,694. 0.30% of the stock is currently owned by insiders.
Mastercard Company Profile
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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