Mastercard Incorporated (MA) Holdings Boosted by Usca Ria LLC
Usca Ria LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,574 shares of the credit services provider’s stock after buying an additional 307 shares during the period. Usca Ria LLC’s holdings in Mastercard were worth $1,527,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Mastercard by 2.9% during the first quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock worth $7,176,378,000 after purchasing an additional 1,814,116 shares during the period. Clearbridge Investments LLC raised its position in shares of Mastercard by 22,644.6% during the first quarter. Clearbridge Investments LLC now owns 1,685,146 shares of the credit services provider’s stock worth $189,528,000 after purchasing an additional 1,677,737 shares during the period. Egerton Capital UK LLP raised its position in shares of Mastercard by 60.6% during the second quarter. Egerton Capital UK LLP now owns 3,923,766 shares of the credit services provider’s stock worth $476,541,000 after purchasing an additional 1,480,425 shares during the period. Swiss National Bank raised its position in shares of Mastercard by 24.6% during the first quarter. Swiss National Bank now owns 3,660,220 shares of the credit services provider’s stock worth $411,665,000 after purchasing an additional 722,600 shares during the period. Finally, TCW Group Inc. raised its position in shares of Mastercard by 1,000.9% during the first quarter. TCW Group Inc. now owns 783,757 shares of the credit services provider’s stock worth $88,149,000 after purchasing an additional 712,562 shares during the period. Hedge funds and other institutional investors own 76.01% of the company’s stock.
Mastercard Incorporated (MA) opened at 145.38 on Friday. The company has a market capitalization of $154.81 billion, a P/E ratio of 36.07 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 stock’s 50 day moving average price is $141.77 and its 200 day moving average price is $127.66.
Mastercard (NYSE:MA) last issued its quarterly earnings results 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 company had revenue of $3.05 billion during the quarter, compared to the consensus estimate 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 period last year, the business posted $0.96 earnings per share. Analysts anticipate that Mastercard Incorporated will post $4.44 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Friday, October 6th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date is Thursday, October 5th. Mastercard’s payout ratio is 21.78%.
A number of equities research analysts have recently commented on the company. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $150.00 price target (up previously from $143.00) on shares of Mastercard in a research report on Friday, September 8th. Cowen and Company reaffirmed a “buy” rating and set a $137.00 price target on shares of Mastercard in a research report on Thursday, October 12th. Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a research report on Wednesday, July 5th. Mizuho assumed coverage on Mastercard in a research report on Tuesday, June 27th. They set a “neutral” rating and a $125.00 price target on the stock. Finally, Oppenheimer Holdings, Inc. raised their price target on Mastercard and gave the stock an “outperform” rating in a research report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the company. Mastercard has a consensus rating of “Buy” and an average target price of $148.54.
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In other Mastercard news, insider Michael Fraccaro sold 5,800 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total transaction of $856,022.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 14,200 shares of the stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total value of $2,014,412.00. Following the transaction, the insider now directly owns 40,646 shares of the company’s stock, valued at $5,766,041.56. The disclosure for this sale can be found here. Insiders have sold 641,820 shares of company stock valued at $83,385,957 over the last ninety 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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