Strs Ohio lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 5.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 912,169 shares of the credit services provider’s stock after selling 50,732 shares during the period. Strs Ohio owned about 0.09% of Mastercard worth $110,782,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cookson Peirce & Co. Inc. increased its position in shares of Mastercard by 1.2% during the first quarter. Cookson Peirce & Co. Inc. now owns 13,441 shares of the credit services provider’s stock worth $1,512,000 after purchasing an additional 160 shares in the last quarter. Personal Capital Advisors Corp grew its holdings in shares of Mastercard by 3.3% during the second quarter. Personal Capital Advisors Corp now owns 270,438 shares of the credit services provider’s stock worth $32,845,000 after buying an additional 8,670 shares during the last quarter. Adviser Investments LLC purchased a new position in shares of Mastercard during the first quarter worth about $727,000. Linscomb & Williams Inc. grew its holdings in shares of Mastercard by 5.7% during the first quarter. Linscomb & Williams Inc. now owns 11,223 shares of the credit services provider’s stock worth $1,262,000 after buying an additional 603 shares during the last quarter. Finally, Raub Brock Capital Management LP grew its holdings in shares of Mastercard by 2.6% during the first quarter. Raub Brock Capital Management LP now owns 133,002 shares of the credit services provider’s stock worth $14,959,000 after buying an additional 3,389 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

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MA has been the topic of a number of research reports. Deutsche Bank AG reissued a “buy” rating and set a $124.00 price target on shares of Mastercard in a report on Thursday, May 25th. BidaskClub lowered Mastercard from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Citigroup Inc. raised their price target on Mastercard from $123.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, June 19th. Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a report on Wednesday, July 5th. Finally, Credit Suisse Group reissued a “buy” rating and set a $125.00 price target on shares of Mastercard in a report on Friday, July 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $128.20.

In related news, 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 transaction of $11,824,777.53. Following the completion of the sale, the chief financial officer now directly owns 170,570 shares in the company, valued at $22,138,280.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Foundation Mastercard sold 87,618 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $127.98, for a total transaction of $11,213,351.64. Following the sale, the insider now owns 112,649,063 shares of the company’s stock, valued at $14,416,827,082.74. The disclosure for this sale can be found here. Insiders sold 850,468 shares of company stock valued at $109,574,694 over the last quarter. Insiders own 0.30% of the company’s stock.

Shares of Mastercard Incorporated (MA) opened at 133.24 on Tuesday. The stock’s 50 day moving average price is $130.52 and its 200 day moving average price is $120.18. Mastercard Incorporated has a 52 week low of $97.37 and a 52 week high of $134.50. The stock has a market cap of $141.89 billion, a price-to-earnings ratio of 33.06 and a beta of 1.18.

Mastercard (NYSE:MA) last posted its quarterly earnings data 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. The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The business’s revenue was up 13.3% on a year-over-year basis. During the same period last year, the firm posted $0.96 earnings per share. Equities research analysts anticipate that Mastercard Incorporated will post $4.40 EPS for the current fiscal 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 $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Wednesday, July 5th. Mastercard’s dividend payout ratio (DPR) is presently 21.78%.

Mastercard 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.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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