Mastercard Incorporated (MA) is Kidder Stephen W’s 8th Largest Position
Kidder Stephen W lowered its position in Mastercard Incorporated (NYSE:MA) by 0.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 70,696 shares of the credit services provider’s stock after selling 315 shares during the quarter. Mastercard comprises about 3.1% of Kidder Stephen W’s holdings, making the stock its 8th biggest holding. Kidder Stephen W’s holdings in Mastercard were worth $7,952,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Akre Capital Management LLC grew its holdings in shares of Mastercard by 13.4% in the first quarter. Akre Capital Management LLC now owns 5,329,183 shares of the credit services provider’s stock valued at $599,373,000 after purchasing an additional 627,792 shares during the period. Signaturefd LLC boosted its stake in Mastercard by 7.5% during the first quarter. Signaturefd LLC now owns 2,128 shares of the credit services provider’s stock worth $239,000 after buying an additional 148 shares during the period. Level Four Advisory Services LLC boosted its stake in Mastercard by 12.7% during the first quarter. Level Four Advisory Services LLC now owns 18,651 shares of the credit services provider’s stock worth $2,093,000 after buying an additional 2,098 shares during the period. State Street Corp boosted its stake in Mastercard by 0.4% during the first quarter. State Street Corp now owns 37,454,824 shares of the credit services provider’s stock worth $4,212,546,000 after buying an additional 140,515 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new position in Mastercard during the first quarter worth about $10,055,000. 76.10% of the stock is owned by hedge funds and other institutional investors.
Shares of Mastercard Incorporated (NYSE MA) traded up 0.51% during trading on Friday, reaching $137.22. 4,452,115 shares of the company’s stock traded hands. Mastercard Incorporated has a 1-year low of $97.49 and a 1-year high of $138.64. The stock has a market capitalization of $146.13 billion, a PE ratio of 34.05 and a beta of 1.18. The company has a 50 day moving average price of $131.41 and a 200 day moving average price of $120.91.
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 Zacks’ 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 company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period in the prior year, the company posted $0.96 EPS. Mastercard’s quarterly revenue was up 13.3% on a year-over-year basis. On average, equities analysts forecast that Mastercard Incorporated will post $4.40 EPS for the current fiscal year.
Several research analysts have weighed in on the stock. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $145.00 target price on shares of Mastercard in a research note on Friday. Cowen and Company reaffirmed a “buy” rating and set a $137.00 target price on shares of Mastercard in a research note on Friday. KeyCorp reaffirmed a “buy” rating and set a $150.00 target price on shares of Mastercard in a research note on Thursday. Barclays PLC increased their target price on shares of Mastercard from $142.00 to $148.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $158.00 target price (up previously from $149.00) on shares of Mastercard in a research note on Friday. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. Mastercard has an average rating of “Buy” and an average target price of $136.78.
In other Mastercard news, major shareholder Foundation Mastercard sold 87,618 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 112,736,681 shares of the company’s stock, valued at approximately $14,272,463,814.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of the company’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 completion of the transaction, the chief financial officer now directly owns 170,570 shares in the company, valued at $22,138,280.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 850,468 shares of company stock worth $109,574,694. 0.30% of the stock is currently owned by corporate 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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