Guyasuta Investment Advisors Inc. boosted its stake in Mastercard Incorporated (NYSE:MA) by 0.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 163,244 shares of the credit services provider’s stock after acquiring an additional 864 shares during the period. Mastercard comprises approximately 4.3% of Guyasuta Investment Advisors Inc.’s portfolio, making the stock its 2nd largest position. Guyasuta Investment Advisors Inc.’s holdings in Mastercard were worth $59,599,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Stuart Chaussee & Associates Inc. raised its holdings in shares of Mastercard by 196.3% in the first quarter. Stuart Chaussee & Associates Inc. now owns 80 shares of the credit services provider’s stock valued at $28,000 after buying an additional 53 shares during the last quarter. Paragon Wealth Strategies LLC purchased a new stake in shares of Mastercard in the second quarter valued at about $34,000. Rocky Mountain Advisers LLC purchased a new stake in shares of Mastercard in the second quarter valued at about $36,000. Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of Mastercard in the first quarter valued at about $36,000. Finally, Harbour Investments Inc. purchased a new stake in shares of Mastercard in the first quarter valued at about $37,000. 73.97% of the stock is owned by hedge funds and other institutional investors.
In other Mastercard news, Vice Chairman Ann Cairns sold 15,197 shares of the stock in a transaction that occurred on Tuesday, July 13th. The shares were sold at an average price of $380.80, for a total transaction of $5,787,017.60. Following the transaction, the insider now owns 129,443 shares of the company’s stock, valued at $49,291,894.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO J. Mehra Sachin sold 7,838 shares of the stock in a transaction that occurred on Friday, July 30th. The stock was sold at an average price of $385.42, for a total transaction of $3,020,921.96. Following the transaction, the chief financial officer now directly owns 20,320 shares in the company, valued at approximately $7,831,734.40. The disclosure for this sale can be found here. Insiders sold 872,777 shares of company stock worth $328,809,430 over the last quarter. Company insiders own 0.33% of the company’s stock.
Shares of MA stock traded down $1.82 during trading hours on Monday, hitting $356.34. The company’s stock had a trading volume of 125,980 shares, compared to its average volume of 3,782,158. The business has a fifty day moving average of $360.75 and a 200-day moving average of $367.85. The stock has a market cap of $351.63 billion, a price-to-earnings ratio of 49.74, a P/E/G ratio of 1.98 and a beta of 1.16. Mastercard Incorporated has a twelve month low of $281.20 and a twelve month high of $401.50. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 2.03.
Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 29th. The credit services provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.72 by $0.23. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.35 billion. Mastercard had a net margin of 43.22% and a return on equity of 109.48%. On average, equities analysts expect that Mastercard Incorporated will post 8.11 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 9th. Stockholders of record on Friday, October 8th will be given a $0.44 dividend. The ex-dividend date of this dividend is Thursday, October 7th. This represents a $1.76 annualized dividend and a dividend yield of 0.49%. Mastercard’s dividend payout ratio is presently 27.37%.
Mastercard, Inc operates as a technology company. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs.
Further Reading: What are the risks of holding treasury bonds?
Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA).
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.