DekaBank Deutsche Girozentrale Has $62.60 Million Holdings in Mastercard Incorporated (MA)
DekaBank Deutsche Girozentrale boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 5.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 511,709 shares of the credit services provider’s stock after buying an additional 26,211 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Mastercard were worth $62,595,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. American Beacon Advisors Inc. acquired a new stake in shares of Mastercard in the first quarter valued at about $100,000. Proficio Capital Partners LLC grew its position in shares of Mastercard by 108.2% in the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after purchasing an additional 464 shares during the last quarter. Lipe & Dalton acquired a new stake in shares of Mastercard in the first quarter valued at about $101,000. Chicago Partners Investment Group LLC grew its position in shares of Mastercard by 1,365.6% in the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 874 shares during the last quarter. Finally, Norway Savings Bank grew its position in shares of Mastercard by 1.1% in the second quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock valued at $117,000 after purchasing an additional 10 shares during the last quarter. 76.05% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Mastercard Incorporated (MA) opened at 143.52 on Friday. The firm’s 50-day moving average is $138.07 and its 200 day moving average is $125.23. The company has a market capitalization of $152.83 billion, a PE ratio of 35.61 and a beta of 1.18. Mastercard Incorporated has a 12 month low of $99.51 and a 12 month high of $143.78.
Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.98 billion. During the same period last year, the firm earned $0.96 earnings per share. The firm’s revenue was up 13.3% on a year-over-year basis. Equities research analysts predict that Mastercard Incorporated will post $4.44 EPS for the current year.
The business 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. This represents a $0.88 annualized dividend and a yield of 0.61%. The ex-dividend date is Thursday, October 5th. Mastercard’s dividend payout ratio is 21.78%.
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Several equities research analysts have recently issued reports on MA shares. Wedbush reaffirmed a “buy” rating and issued a $140.00 price target (up from $129.00) on shares of Mastercard in a research report on Wednesday, September 6th. BidaskClub downgraded Mastercard from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $158.00 price target (up from $149.00) on shares of Mastercard in a research report on Friday, September 8th. Barclays PLC raised their price target on Mastercard from $142.00 to $148.00 and gave the company an “overweight” rating in a research report on Friday, September 8th. Finally, Instinet reaffirmed a “buy” rating and issued a $163.00 price target (up from $153.00) on shares of Mastercard in a research report on Saturday, September 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $143.08.
In other news, major shareholder Foundation Mastercard sold 87,618 shares of Mastercard stock in a transaction dated Monday, July 17th. The shares were 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 owns 112,736,681 shares in the company, valued at $14,272,463,814.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $142.51, for a total transaction of $712,550.00. Following the completion of the transaction, the director now owns 45,278 shares of the company’s stock, valued at approximately $6,452,567.78. The disclosure for this sale can be found here. In the last ninety days, insiders sold 869,668 shares of company stock worth $112,301,656. Insiders own 0.30% of the company’s stock.
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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