Mastercard Incorporated (MA) Position Decreased by Twin Capital Management Inc.
Twin Capital Management Inc. reduced its holdings in Mastercard Incorporated (NYSE:MA) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,060 shares of the credit services provider’s stock after selling 130 shares during the period. Twin Capital Management Inc.’s holdings in Mastercard were worth $2,558,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. American Beacon Advisors Inc. purchased a new stake in Mastercard in the 1st quarter worth about $100,000. Lipe & Dalton purchased a new stake in Mastercard in the 1st quarter worth about $101,000. Chicago Partners Investment Group LLC lifted its stake in Mastercard by 1,365.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after acquiring an additional 874 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in 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. Finally, Kistler Tiffany Companies LLC lifted its stake in 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. 76.01% of the stock is owned by hedge funds and other institutional investors.
In other Mastercard news, major shareholder Foundation Mastercard sold 87,618 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $129.46, for a total value of $11,343,026.28. Following the sale, the insider now owns 112,561,445 shares in the company, valued at $14,572,204,669.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 sale, the chief financial officer now owns 170,570 shares in the company, valued at approximately $22,138,280.30. The disclosure for this sale can be found here. Insiders sold 641,820 shares of company stock worth $83,385,957 in the last 90 days. Corporate insiders own 0.30% of the company’s stock.
Mastercard Incorporated (NYSE:MA) opened at 146.19 on Thursday. The company has a market capitalization of $155.68 billion, a P/E ratio of 36.28 and a beta of 1.18. Mastercard Incorporated has a 52 week low of $99.51 and a 52 week high of $148.45. The company has a 50 day moving average price of $141.10 and a 200-day moving average price of $127.29.
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 consensus estimate of $1.04 by $0.06. The business 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%. Mastercard’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.96 earnings per share. On average, equities analysts anticipate that Mastercard Incorporated will post $4.44 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, October 6th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.88 annualized dividend and a yield of 0.60%. Mastercard’s dividend payout ratio is 21.78%.
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Several equities research analysts recently issued reports on MA shares. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $145.00 price objective on shares of Mastercard in a research note on Friday, September 8th. Deutsche Bank AG reissued a “buy” rating and issued a $150.00 price objective (up from $124.00) on shares of Mastercard in a research note on Monday, July 10th. Nomura increased their price objective on Mastercard from $153.00 to $163.00 and gave the stock a “buy” rating in a research note on Friday, September 8th. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $158.00 price objective (up from $149.00) on shares of Mastercard in a research note on Friday, September 8th. Finally, Guggenheim raised Mastercard from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $135.00 to $153.00 in a research note on Monday, September 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have issued a buy rating to the stock. Mastercard presently has a consensus rating of “Buy” and a consensus target price of $148.54.
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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