U S Global Investors Inc. raised its position in shares of MasterCard Inc. (NYSE:MA) by 37.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,709 shares of the company’s stock after buying an additional 3,200 shares during the period. U S Global Investors Inc.’s holdings in MasterCard were worth $1,031,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new position in shares of MasterCard during the first quarter worth approximately $106,000. Seven Bridges Advisors LLC purchased a new position in shares of MasterCard during the second quarter worth approximately $109,000. Thompson Siegel & Walmsley LLC purchased a new position in shares of MasterCard during the second quarter worth approximately $125,000. Societe Generale purchased a new position in shares of MasterCard during the second quarter worth approximately $135,000. Finally, SG Americas Securities LLC boosted its position in shares of MasterCard by 6.1% in the second quarter. SG Americas Securities LLC now owns 1,529 shares of the company’s stock worth $135,000 after buying an additional 88 shares during the last quarter. 75.12% of the stock is currently owned by hedge funds and other institutional investors.
MasterCard Inc. (NYSE:MA) opened at 101.45 on Wednesday. The stock’s 50 day moving average is $98.02 and its 200-day moving average is $95.18. The stock has a market capitalization of $111.37 billion, a price-to-earnings ratio of 29.76 and a beta of 1.15. MasterCard Inc. has a 52-week low of $78.52 and a 52-week high of $102.23.
MasterCard (NYSE:MA) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. MasterCard had a net margin of 37.39% and a return on equity of 66.32%. The firm earned $2.70 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the previous year, the company earned $0.85 EPS. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. Equities research analysts anticipate that MasterCard Inc. will post $3.63 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 9th. Investors of record on Monday, October 10th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.75%. MasterCard’s dividend payout ratio is presently 22.35%.
MA has been the subject of several analyst reports. Jefferies Group reaffirmed a “buy” rating on shares of MasterCard in a research report on Friday, August 12th. Nomura raised their target price on MasterCard from $109.00 to $113.00 and gave the stock a “buy” rating in a research report on Thursday, September 8th. Barclays PLC raised their target price on MasterCard from $107.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, September 8th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $108.00 target price on shares of MasterCard in a research report on Monday, June 6th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of MasterCard in a research report on Tuesday, May 31st. Seven investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $109.72.
In related news, CFO Martina Hundmejean sold 94,345 shares of MasterCard stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $96.82, for a total transaction of $9,134,482.90. Following the completion of the transaction, 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 filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 56,016 shares of MasterCard stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $96.53, for a total transaction of $5,407,224.48. Following the transaction, the insider now directly owns 114,644,971 shares of the company’s stock, valued at $11,066,679,050.63. The disclosure for this sale can be found here. Corporate insiders own 3.14% of the company’s stock.
MasterCard Company Profile
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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