Mastercard Incorporated (MA) Position Maintained by EULAV Asset Management
EULAV Asset Management maintained its stake in Mastercard Incorporated (NYSE:MA) during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 141,500 shares of the credit services provider’s stock at the end of the first quarter. EULAV Asset Management’s holdings in Mastercard were worth $15,915,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Armstrong Henry H Associates Inc. boosted its position in shares of Mastercard by 1.6% in the first quarter. Armstrong Henry H Associates Inc. now owns 25,174 shares of the credit services provider’s stock worth $2,831,000 after buying an additional 400 shares during the period. Hartford Financial Management Inc. boosted its position in shares of Mastercard by 79.4% in the first quarter. Hartford Financial Management Inc. now owns 2,870 shares of the credit services provider’s stock worth $322,000 after buying an additional 1,270 shares during the period. Ledyard National Bank boosted its position in shares of Mastercard by 0.6% in the first quarter. Ledyard National Bank now owns 6,310 shares of the credit services provider’s stock worth $710,000 after buying an additional 35 shares during the period. Boys Arnold & Co. Inc. boosted its position in shares of Mastercard by 8.3% in the first quarter. Boys Arnold & Co. Inc. now owns 4,643 shares of the credit services provider’s stock worth $522,000 after buying an additional 354 shares during the period. Finally, Johanson Financial Advisors Inc. acquired a new position in shares of Mastercard during the first quarter worth about $2,232,000. 76.10% of the stock is owned by hedge funds and other institutional investors.
Mastercard Incorporated (NYSE:MA) traded down 0.153% on Thursday, reaching $133.595. 1,183,641 shares of the company’s stock were exchanged. Mastercard Incorporated has a one year low of $95.77 and a one year high of $134.50. The firm has a 50 day moving average price of $129.18 and a 200 day moving average price of $119.24. The firm has a market cap of $142.26 billion, a PE ratio of 33.150 and a beta of 1.17.
Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.06. The company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the business posted $0.96 EPS. On average, equities analysts anticipate that Mastercard Incorporated will post $4.40 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th were paid a $0.22 dividend. The ex-dividend date was Wednesday, July 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.66%. Mastercard’s dividend payout ratio (DPR) is currently 21.78%.
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MA has been the subject of a number of recent research reports. BidaskClub cut shares of Mastercard from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Deutsche Bank AG reissued a “buy” rating and set a $150.00 price target (up from $124.00) on shares of Mastercard in a research report on Monday, July 10th. Credit Suisse Group reissued a “buy” rating and set a $125.00 price target on shares of Mastercard in a research report on Friday, July 7th. Jefferies Group LLC reissued a “buy” rating and set a $147.00 price target (up from $140.00) on shares of Mastercard in a research report on Tuesday, July 18th. Finally, Vetr cut shares of Mastercard from a “hold” rating to a “sell” rating and set a $115.30 price target for the company. in a research report on Monday, May 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. Mastercard has a consensus rating of “Buy” and a consensus target price of $128.20.
In other Mastercard news, major shareholder Foundation Mastercard sold 87,623 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $129.34, for a total transaction of $11,333,158.82. Following the completion of the sale, the insider now owns 112,240,179 shares in the company, valued at approximately $14,517,144,751.86. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of the firm’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 value of $11,824,777.53. Following the sale, the chief financial officer now owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 850,468 shares of company stock valued at $109,574,694. 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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