Banced Corp Has $887,000 Holdings in Mastercard Incorporated (MA)
Banced Corp cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 6.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,301 shares of the credit services provider’s stock after selling 533 shares during the quarter. Mastercard makes up approximately 1.6% of Banced Corp’s holdings, making the stock its 12th largest holding. Banced Corp’s holdings in Mastercard were worth $887,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of MA. American Beacon Advisors Inc. acquired a new position in shares of Mastercard in the 1st quarter worth approximately $100,000. Proficio Capital Partners LLC grew its position in shares of Mastercard by 108.2% in the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after acquiring an additional 464 shares in the last quarter. Lipe & Dalton acquired a new position in shares of Mastercard in the 1st quarter worth approximately $101,000. Kistler Tiffany Companies LLC grew its position in shares of Mastercard by 10.9% in the 1st quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock worth $115,000 after acquiring an additional 100 shares in the last quarter. Finally, First Bank & Trust grew its position in shares of Mastercard by 14.5% in the 1st quarter. First Bank & Trust now owns 1,300 shares of the credit services provider’s stock worth $146,000 after acquiring an additional 165 shares in the last quarter. Institutional investors own 76.04% of the company’s stock.
Several research analysts have recently commented on MA shares. Deutsche Bank AG reiterated a “buy” rating and issued a $124.00 target price on shares of Mastercard in a research report on Thursday, May 25th. Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $136.00 target price for the company in a research report on Wednesday, July 5th. Citigroup Inc. lifted their target price on Mastercard from $123.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, June 19th. BidaskClub lowered Mastercard from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $125.00 target price on shares of Mastercard in a research report on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Mastercard currently has an average rating of “Buy” and a consensus target price of $140.47.
In other Mastercard news, CFO Martina Hundmejean sold 91,107 shares of the stock in a transaction on 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 transaction, the chief financial officer now directly owns 170,570 shares in the company, valued at approximately $22,138,280.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 29,206 shares of the stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $130.33, for a total value of $3,806,417.98. Following the completion of the transaction, the insider now owns 112,473,827 shares in the company, valued at $14,658,713,872.91. The disclosure for this sale can be found here. Insiders sold a total of 850,468 shares of company stock worth $109,574,694 over the last quarter. Corporate insiders own 0.30% of the company’s stock.
Mastercard Incorporated (NYSE MA) traded down 0.25% during mid-day trading on Thursday, hitting $141.88. The stock had a trading volume of 1,201,715 shares. The firm has a market cap of $151.09 billion, a P/E ratio of 35.21 and a beta of 1.18. Mastercard Incorporated has a 1-year low of $99.51 and a 1-year high of $143.59. The stock has a 50 day moving average of $133.90 and a 200-day moving average of $122.61.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.06. The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company earned $0.96 EPS. Analysts predict that Mastercard Incorporated will post $4.43 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, October 6th will be given a $0.22 dividend. The ex-dividend date is Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a yield of 0.62%. Mastercard’s payout ratio is 21.78%.
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.
Receive News & Stock Ratings for Mastercard Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard Incorporated and related stocks with our FREE daily email newsletter.