Jensen Investment Management Inc. reduced its position in shares of MasterCard Inc. (NYSE:MA) by 1.6% during the second quarter, Holdings Channel reports. The institutional investor owned 1,582,970 shares of the company’s stock after selling 26,000 shares during the period. MasterCard comprises approximately 2.2% of Jensen Investment Management Inc.’s portfolio, making the stock its 26th largest position. Jensen Investment Management Inc.’s holdings in MasterCard were worth $139,396,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Raub Brock Capital Management LP increased its position in MasterCard by 2.6% in the first quarter. Raub Brock Capital Management LP now owns 143,534 shares of the company’s stock worth $13,564,000 after buying an additional 3,679 shares during the period. Chesley Taft & Associates LLC increased its position in MasterCard by 0.7% in the first quarter. Chesley Taft & Associates LLC now owns 63,885 shares of the company’s stock worth $6,037,000 after buying an additional 450 shares during the period. RDL Financial Inc. increased its position in MasterCard by 76.4% in the first quarter. RDL Financial Inc. now owns 13,689 shares of the company’s stock worth $1,294,000 after buying an additional 5,927 shares during the period. Duncker Streett & Co. Inc. increased its position in MasterCard by 0.4% in the first quarter. Duncker Streett & Co. Inc. now owns 54,064 shares of the company’s stock worth $5,109,000 after buying an additional 222 shares during the period. Finally, Douglas Lane & Associates LLC bought a new position in MasterCard during the first quarter worth approximately $59,509,000. 75.12% of the stock is currently owned by institutional investors.
MasterCard Inc. (NYSE:MA) traded up 0.06% during midday trading on Wednesday, reaching $101.51. 3,629,520 shares of the company were exchanged. The stock has a market capitalization of $111.43 billion, a price-to-earnings ratio of 29.78 and a beta of 1.15. The firm’s 50-day moving average price is $98.16 and its 200 day moving average price is $95.23. MasterCard Inc. has a 52-week low of $78.52 and a 52-week high of $102.23.
MasterCard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.06. MasterCard had a net margin of 37.39% and a return on equity of 66.32%. The company earned $2.70 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the prior year, the company earned $0.85 EPS. MasterCard’s revenue was up 12.7% on a year-over-year basis. Equities analysts predict that MasterCard Inc. will post $3.63 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 9th. Shareholders of record on Monday, October 10th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Wednesday, October 5th. MasterCard’s payout ratio is 22.35%.
A number of research analysts recently commented on the stock. Zacks Investment Research raised shares of MasterCard from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research report on Wednesday. BMO Capital Markets reaffirmed an “outperform” rating and issued a $128.00 target price (up from $120.00) on shares of MasterCard in a research report on Friday, July 29th. Wells Fargo & Co. reaffirmed a “market perform” rating and issued a $105.00 target price on shares of MasterCard in a research report on Wednesday, June 15th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $118.00 target price on shares of MasterCard in a research report on Monday, July 18th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of MasterCard in a research report on Thursday, August 25th. Seven analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $109.72.
In other MasterCard news, major shareholder Foundation Mastercard sold 84,000 shares of the company’s stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $92.64, for a total value of $7,781,760.00. Following the completion of the sale, the insider now directly owns 115,064,971 shares of the company’s stock, valued at approximately $10,659,618,913.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Reeg sold 6,000 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $94.79, for a total transaction of $568,740.00. Following the completion of the sale, the insider now directly owns 53,501 shares of the company’s stock, valued at $5,071,359.79. The disclosure for this sale can be found here. 3.14% of the stock is currently owned by company insiders.
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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