Ontario Teachers Pension Plan Board Acquires 6,058 Shares of Mastercard Incorporated (MA)
Ontario Teachers Pension Plan Board raised its holdings in Mastercard Incorporated (NYSE:MA) by 8.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,594 shares of the credit services provider’s stock after purchasing an additional 6,058 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Mastercard were worth $9,424,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of MA. Thompson Davis & CO. Inc. raised its position in shares of Mastercard by 170.1% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after buying an additional 546 shares in the last quarter. American Beacon Advisors Inc. acquired a new position in shares of Mastercard in the 1st quarter valued at approximately $100,000. Proficio Capital Partners LLC raised its position in shares of Mastercard by 108.2% in the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after buying an additional 464 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in shares of 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 valued at $105,000 after buying an additional 874 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in Mastercard during the 2nd quarter worth approximately $121,000. 75.71% of the stock is owned by hedge funds and other institutional investors.
Mastercard Incorporated (NYSE MA) opened at $151.25 on Friday. The stock has a market cap of $160,122.63, a price-to-earnings ratio of 35.09, a P/E/G ratio of 2.02 and a beta of 1.21. Mastercard Incorporated has a 12 month low of $99.51 and a 12 month high of $152.63. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66.
Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The firm had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the prior year, the company posted $1.08 earnings per share. The business’s revenue was up 18.1% on a year-over-year basis. analysts predict that Mastercard Incorporated will post 4.54 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Friday, October 6th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.88 annualized dividend and a yield of 0.58%. Mastercard’s payout ratio is 20.47%.
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In other Mastercard news, Director Richard Haythornthwaite sold 5,000 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $142.51, for a total transaction of $712,550.00. Following the transaction, the director now owns 45,278 shares in the company, valued at $6,452,567.78. The transaction was disclosed in a filing 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 on Thursday, September 21st. The stock was sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the transaction, 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 90 days, insiders have sold 25,000 shares of company stock worth $3,582,984. Corporate insiders own 0.30% of the company’s stock.
MA has been the subject of a number of research analyst reports. Wedbush reiterated a “buy” rating and set a $140.00 price objective (up from $129.00) on shares of Mastercard in a research report on Wednesday, September 6th. Susquehanna Bancshares Inc reiterated a “positive” rating and set a $158.00 price objective (up from $149.00) on shares of Mastercard in a research report on Friday, September 8th. Barclays PLC upped their price objective on shares of Mastercard from $142.00 to $148.00 and gave the stock an “overweight” rating in a research report on Friday, September 8th. Citigroup Inc. upped their price objective on shares of Mastercard from $157.00 to $167.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Finally, Instinet reiterated a “buy” rating and set a $163.00 price objective (up from $153.00) on shares of Mastercard in a research report on Saturday, September 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-eight have given a buy rating to the company’s stock. Mastercard currently has a consensus rating of “Buy” and a consensus price target of $157.68.
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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