Baxter Bros Inc. Has $1.54 Million Position in Mastercard Incorporated (MA)
Baxter Bros Inc. reduced its stake in Mastercard Incorporated (NYSE:MA) by 4.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,690 shares of the credit services provider’s stock after selling 600 shares during the quarter. Baxter Bros Inc.’s holdings in Mastercard were worth $1,541,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Personal Capital Advisors Corp boosted its stake in shares of Mastercard by 3.3% in the 2nd 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. IBM Retirement Fund grew its holdings in shares of Mastercard by 68.8% in the second quarter. IBM Retirement Fund now owns 23,051 shares of the credit services provider’s stock valued at $3,128,000 after acquiring an additional 9,397 shares in the last quarter. Cookson Peirce & Co. Inc. grew its holdings in shares of Mastercard by 1.2% in the first quarter. Cookson Peirce & Co. Inc. now owns 13,441 shares of the credit services provider’s stock valued at $1,512,000 after acquiring an additional 160 shares in the last quarter. Oribel Capital Management LP bought a new position in shares of Mastercard in the first quarter valued at approximately $5,849,000. Finally, Puzo Michael J grew its holdings in shares of Mastercard by 0.4% in the second quarter. Puzo Michael J now owns 50,460 shares of the credit services provider’s stock valued at $6,129,000 after acquiring an additional 213 shares in the last quarter. 76.05% of the stock is owned by institutional investors and hedge funds.
Mastercard Incorporated (NYSE:MA) opened at 141.82 on Tuesday. Mastercard Incorporated has a 12-month low of $99.51 and a 12-month high of $143.59. The company has a market cap of $151.02 billion, a PE ratio of 35.19 and a beta of 1.18. The stock has a 50 day moving average of $136.74 and a 200 day moving average of $124.53.
Mastercard (NYSE:MA) last released its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The company had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period in the prior year, the firm posted $0.96 EPS. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. Equities analysts expect that Mastercard Incorporated will post $4.43 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, October 6th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Thursday, October 5th. Mastercard’s dividend payout ratio is currently 21.78%.
In other news, CFO Martina Hundmejean sold 91,107 shares of the business’s stock in a transaction dated 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 $22,138,280.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 87,618 shares of the company’s stock in a transaction dated 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 completion of 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 disclosure for this sale can be found here. Insiders have sold 864,668 shares of company stock worth $111,589,106 in the last ninety days. Insiders own 0.30% of the company’s stock.
Several research firms have weighed in on MA. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $145.00 price objective on shares of Mastercard in a research report on Friday, September 8th. Deutsche Bank AG restated a “buy” rating and issued a $150.00 price objective (up previously from $124.00) on shares of Mastercard in a research note on Monday, July 10th. Guggenheim raised Mastercard from a “neutral” rating to a “buy” rating and raised their target price for the company from $135.00 to $153.00 in a research report on Monday, September 11th. Nomura raised their target price on Mastercard from $153.00 to $163.00 and gave the company a “buy” rating in a research report on Friday, September 8th. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and set a $158.00 target price (up from $149.00) on shares of Mastercard in a research note on Friday, September 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $143.08.
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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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