Deltec Asset Management LLC cut its stake in MasterCard Inc. (NYSE:MA) by 1.4% during the second quarter, Holdings Channel reports. The firm owned 70,330 shares of the company’s stock after selling 1,000 shares during the period. MasterCard accounts for 1.6% of Deltec Asset Management LLC’s investment portfolio, making the stock its 21st largest position. Deltec Asset Management LLC’s holdings in MasterCard were worth $6,193,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new position in shares of MasterCard during the first quarter worth about $106,000. Seven Bridges Advisors LLC bought a new position in shares of MasterCard during the second quarter worth about $109,000. Hartford Financial Management Inc. increased its position in shares of MasterCard by 76.0% in the second quarter. Hartford Financial Management Inc. now owns 2,200 shares of the company’s stock worth $193,000 after buying an additional 950 shares in the last quarter. M&R Capital Management Inc. bought a new position in shares of MasterCard during the first quarter worth about $210,000. Finally, Banced Corp bought a new position in shares of MasterCard during the second quarter worth about $205,000. Institutional investors own 75.12% of the company’s stock.
Shares of MasterCard Inc. (NYSE:MA) traded down 0.49% during mid-day trading on Monday, hitting $101.16. 3,468,932 shares of the company were exchanged. The stock has a market cap of $111.05 billion, a PE ratio of 29.67 and a beta of 1.15. MasterCard Inc. has a 12-month low of $78.52 and a 12-month high of $102.23. The stock’s 50-day moving average price is $97.89 and its 200 day moving average price is $95.09.
MasterCard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. MasterCard had a return on equity of 66.32% and a net margin of 37.39%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the previous year, the business earned $0.85 EPS. MasterCard’s revenue was up 12.7% compared to the same quarter last year. On average, equities analysts anticipate that MasterCard Inc. will post $3.63 EPS for the current fiscal year.
A number of brokerages have recently issued reports on MA. William Blair reiterated an “outperform” rating on shares of MasterCard in a report on Tuesday, July 19th. BMO Capital Markets reiterated an “outperform” rating and issued a $128.00 price target (up previously from $120.00) on shares of MasterCard in a report on Friday, July 29th. Sanford C. Bernstein restated an “outperform” rating and set a $110.00 target price on shares of MasterCard in a report on Saturday, July 2nd. Goldman Sachs Group Inc. restated a “buy” rating and set a $118.00 target price on shares of MasterCard in a report on Monday, July 18th. Finally, Vetr upgraded shares of MasterCard from a “hold” rating to a “buy” rating and set a $98.52 target price for the company in a report on Monday, June 13th. Eight research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. MasterCard currently has an average rating of “Buy” and an average target price of $109.55.
In other MasterCard news, CFO Martina Hundmejean sold 94,345 shares of MasterCard stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 214,968 shares of the company’s stock, valued at approximately $20,813,201.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Silvio Barzi sold 9,600 shares of MasterCard stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $96.47, for a total value of $926,112.00. Following the sale, the director now directly owns 16,391 shares in the company, valued at $1,581,239.77. The disclosure for this sale can be found here. Company 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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