MasterCard Inc. (MA) Stake Lowered by Blue Fin Capital Inc.

Blue Fin Capital Inc. cut its stake in shares of MasterCard Inc. (NYSE:MA) by 3.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,630 shares of the company’s stock after selling 650 shares during the period. MasterCard makes up about 1.5% of Blue Fin Capital Inc.’s portfolio, making the stock its 17th largest position. Blue Fin Capital Inc.’s holdings in MasterCard were worth $1,817,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. First Niagara Bank raised its stake in MasterCard by 1.4% in the second quarter. First Niagara Bank now owns 2,543 shares of the company’s stock worth $224,000 after buying an additional 35 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in MasterCard by 0.3% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,696 shares of the company’s stock worth $1,389,000 after buying an additional 40 shares in the last quarter. Trust Co. of Toledo NA OH raised its stake in MasterCard by 1.5% in the second quarter. Trust Co. of Toledo NA OH now owns 3,350 shares of the company’s stock worth $295,000 after buying an additional 50 shares in the last quarter. Wagner Bowman Management Corp raised its stake in MasterCard by 0.9% in the second quarter. Wagner Bowman Management Corp now owns 5,915 shares of the company’s stock worth $520,000 after buying an additional 50 shares in the last quarter. Finally, Pineno Levin & Ford Asset Management Inc. raised its stake in MasterCard by 1.2% in the second quarter. Pineno Levin & Ford Asset Management Inc. now owns 7,235 shares of the company’s stock worth $637,000 after buying an additional 85 shares in the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for MasterCard (NYSE:MA)

Shares of MasterCard Inc. (NYSE:MA) traded up 1.086% during trading on Wednesday, hitting $102.835. The stock had a trading volume of 2,488,902 shares. The firm’s 50 day moving average is $100.42 and its 200 day moving average is $96.19. The company has a market cap of $112.89 billion, a PE ratio of 30.166 and a beta of 1.19. MasterCard Inc. has a 1-year low of $78.52 and a 1-year high of $103.49.

MasterCard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.96 earnings per share for the quarter, beating the 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 earned $2.70 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same period in the prior year, the company earned $0.85 earnings per share. MasterCard’s revenue 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 disclosed a quarterly dividend, which will be paid on Wednesday, November 9th. Shareholders of record on Monday, October 10th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, October 5th. MasterCard’s dividend payout ratio (DPR) is 22.35%.

A number of equities research analysts have recently commented on the company. BMO Capital Markets reaffirmed a “buy” rating on shares of MasterCard in a research report on Monday, July 11th. Barclays PLC increased their price objective on MasterCard from $103.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday, July 29th. Vetr upgraded MasterCard from a “sell” rating to a “buy” rating and set a $94.47 price objective for the company in a report on Monday, June 27th. JPMorgan Chase & Co. increased their price objective on MasterCard from $108.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, July 29th. Finally, Nomura increased their price objective on MasterCard from $109.00 to $113.00 and gave the stock a “buy” rating in a report on Thursday, September 8th. Six analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. MasterCard currently has an average rating of “Buy” and an average price target of $109.90.

In other MasterCard news, Director Silvio Barzi sold 9,600 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $96.47, for a total transaction of $926,112.00. Following the completion of the transaction, the director now directly owns 16,391 shares of the company’s stock, valued at $1,581,239.77. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Martina Hundmejean sold 94,345 shares of the stock in a transaction on Monday, August 8th. The shares were sold at an average price of $96.82, for a total value of $9,134,482.90. Following the transaction, the chief financial officer now directly owns 214,968 shares of the company’s stock, valued at $20,813,201.76. The disclosure for this sale can be found here. Company 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.

5 Day Chart for NYSE:MA

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