PineBridge Investments L.P. reduced its stake in MasterCard Inc. (NYSE:MA) by 19.8% during the second quarter, Holdings Channel reports. The firm owned 6,943 shares of the company’s stock after selling 1,716 shares during the period. PineBridge Investments L.P.’s holdings in MasterCard were worth $611,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of MA. Wrapmanager Inc. bought a new stake in MasterCard during the second quarter valued at approximately $436,000. Dynamic Technology Lab Private Ltd raised its stake in MasterCard by 7.9% in the second quarter. Dynamic Technology Lab Private Ltd now owns 6,960 shares of the company’s stock valued at $613,000 after buying an additional 509 shares in the last quarter. Mizuho Asset Management Co. Ltd. raised its stake in MasterCard by 88.6% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 13,000 shares of the company’s stock valued at $1,145,000 after buying an additional 6,106 shares in the last quarter. Vanguard Group Inc. raised its stake in MasterCard by 0.7% in the second quarter. Vanguard Group Inc. now owns 59,998,942 shares of the company’s stock valued at $5,283,508,000 after buying an additional 391,517 shares in the last quarter. Finally, Wellesley Investment Partners LLC raised its stake in MasterCard by 8.2% in the second quarter. Wellesley Investment Partners LLC now owns 7,026 shares of the company’s stock valued at $618,000 after buying an additional 532 shares in the last quarter. Institutional investors own 75.12% of the company’s stock.
MasterCard Inc. (NYSE:MA) opened at 101.66 on Monday. The stock has a 50 day moving average price of $97.77 and a 200 day moving average price of $94.87. MasterCard Inc. has a 52 week low of $78.52 and a 52 week high of $102.23. The stock has a market cap of $111.60 billion, a PE ratio of 29.82 and a beta of 1.15.
MasterCard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.06. MasterCard had a return on equity of 66.32% and a net margin of 37.39%. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the prior year, the business earned $0.85 earnings per share. The business’s revenue was up 12.7% on a year-over-year basis. On average, equities analysts predict that MasterCard Inc. will post $3.63 earnings per share for the current year.
Several research firms have commented on MA. BMO Capital Markets restated an “outperform” rating and issued a $128.00 price objective (up previously from $120.00) on shares of MasterCard in a research report on Friday, July 29th. Zacks Investment Research lowered MasterCard from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. Wells Fargo & Co. restated a “market perform” rating and issued a $105.00 price objective on shares of MasterCard in a research report on Wednesday, June 15th. Goldman Sachs Group Inc. restated a “buy” rating and issued a $118.00 price objective on shares of MasterCard in a research report on Monday, July 18th. Finally, Jefferies Group restated a “buy” rating on shares of MasterCard in a research report on Thursday, August 25th. Eight equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $109.55.
In related news, CFO Martina Hundmejean sold 94,345 shares of the stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $96.82, for a total transaction of $9,134,482.90. Following the transaction, the chief financial officer now directly owns 214,968 shares in the company, valued at $20,813,201.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Silvio Barzi sold 9,600 shares of the stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $96.47, for a total value of $926,112.00. Following the transaction, the director now owns 16,391 shares in the company, valued at $1,581,239.77. The disclosure for this sale can be found here. Corporate insiders own 3.14% of the company’s stock.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.
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