Capital Investment Advisors LLC Has $255,000 Position in Mastercard Incorporated (MA)
Capital Investment Advisors LLC increased its holdings in Mastercard Incorporated (NYSE:MA) by 14.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,099 shares of the credit services provider’s stock after acquiring an additional 260 shares during the period. Capital Investment Advisors LLC’s holdings in Mastercard were worth $255,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Cookson Peirce & Co. Inc. raised its holdings in shares of Mastercard by 1.2% in the 1st quarter. Cookson Peirce & Co. Inc. now owns 13,441 shares of the credit services provider’s stock worth $1,512,000 after acquiring an additional 160 shares during the last quarter. Oribel Capital Management LP purchased a new stake in Mastercard in the 1st quarter valued at about $5,849,000. Linscomb & Williams Inc. increased its stake in Mastercard by 5.7% in the 1st quarter. Linscomb & Williams Inc. now owns 11,223 shares of the credit services provider’s stock valued at $1,262,000 after buying an additional 603 shares during the last quarter. Birch Hill Investment Advisors LLC increased its stake in Mastercard by 4.2% in the 1st quarter. Birch Hill Investment Advisors LLC now owns 86,245 shares of the credit services provider’s stock valued at $9,700,000 after buying an additional 3,495 shares during the last quarter. Finally, Edgestream Partners L.P. increased its stake in Mastercard by 289.8% in the 1st quarter. Edgestream Partners L.P. now owns 20,991 shares of the credit services provider’s stock valued at $2,361,000 after buying an additional 15,606 shares during the last quarter. Institutional investors own 76.04% of the company’s stock.
MA has been the subject of several analyst reports. Deutsche Bank AG reiterated a “buy” rating and issued a $124.00 price objective on shares of Mastercard in a research note on Thursday, May 25th. BidaskClub lowered shares of Mastercard from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Citigroup Inc. increased their price objective on shares of Mastercard from $123.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, June 19th. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a research note on Wednesday, July 5th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $125.00 price objective on shares of Mastercard in a research note on Friday, July 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $139.55.
Mastercard Incorporated (NYSE MA) traded up 1.26% on Tuesday, reaching $143.18. 1,870,861 shares of the company traded hands. The stock’s 50-day moving average is $133.48 and its 200-day moving average is $122.39. Mastercard Incorporated has a 1-year low of $99.51 and a 1-year high of $143.59. The stock has a market capitalization of $152.47 billion, a price-to-earnings ratio of 35.53 and a beta of 1.18.
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. The company had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.96 earnings per share. Equities research analysts expect that Mastercard Incorporated will post $4.43 EPS for the current year.
In related news, major shareholder Foundation Mastercard sold 87,618 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $126.60, for a total transaction of $11,092,438.80. Following the completion of the sale, the insider now directly owns 112,736,681 shares in the company, valued at $14,272,463,814.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 sale, the chief financial officer now 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 90 days. 0.30% of the stock is currently owned by company 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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