Mastercard Incorporated (MA) Holdings Reduced by Harding Loevner LP
Harding Loevner LP trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 4.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,273,572 shares of the credit services provider’s stock after selling 55,712 shares during the quarter. Harding Loevner LP owned 0.12% of Mastercard worth $154,675,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake 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 valued at $7,176,378,000 after purchasing an additional 1,814,116 shares during the period. Clearbridge Investments LLC boosted its stake 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 valued at $189,528,000 after purchasing an additional 1,677,737 shares during the period. Egerton Capital UK LLP boosted its stake 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 valued at $476,541,000 after purchasing an additional 1,480,425 shares during the period. Fiera Capital Corp boosted its stake in shares of Mastercard by 20.1% during the second quarter. Fiera Capital Corp now owns 4,368,032 shares of the credit services provider’s stock valued at $530,497,000 after purchasing an additional 730,970 shares during the period. Finally, Standard Life Investments LTD boosted its stake in shares of Mastercard by 41.2% during the second quarter. Standard Life Investments LTD now owns 2,449,394 shares of the credit services provider’s stock valued at $297,490,000 after purchasing an additional 714,843 shares during the period. 75.71% of the stock is owned by institutional investors.
In other Mastercard news, insider Michael Fraccaro sold 5,800 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total value of $856,022.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Craig Vosburg sold 14,200 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $141.86, for a total value of $2,014,412.00. Following the completion of the sale, the insider now owns 40,646 shares in the company, valued at approximately $5,766,041.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,000 shares of company stock worth $3,582,984. 0.30% of the stock is owned by insiders.
MA has been the subject of a number of recent analyst reports. Instinet reissued a “buy” rating and set a $163.00 target price (up from $153.00) on shares of Mastercard in a research note on Saturday, September 9th. KeyCorp restated a “buy” rating and issued a $165.00 price objective on shares of Mastercard in a report on Wednesday, October 18th. BMO Capital Markets restated an “outperform” rating and issued a $174.00 price objective (up from $157.00) on shares of Mastercard in a report on Wednesday, November 1st. Piper Jaffray Companies restated a “buy” rating and issued a $161.00 price objective on shares of Mastercard in a report on Friday, October 13th. Finally, Susquehanna Bancshares Inc restated a “positive” rating and issued a $158.00 price objective (up from $149.00) on shares of Mastercard in a report on Friday, September 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have given a buy rating to the company’s stock. Mastercard has a consensus rating of “Buy” and an average target price of $157.68.
Shares of Mastercard Incorporated (NYSE:MA) opened at $149.56 on Tuesday. The company has a market capitalization of $158,330.00, a P/E ratio of 34.58, a P/E/G ratio of 1.99 and a beta of 1.22. Mastercard Incorporated has a 52-week low of $99.51 and a 52-week high of $152.00. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66.
Mastercard (NYSE:MA) last issued its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.11. The firm had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. Mastercard’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 earnings per share. equities analysts expect that Mastercard Incorporated will post 4.54 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Friday, October 6th were given a $0.22 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a yield of 0.59%. Mastercard’s dividend payout ratio is currently 20.51%.
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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