WestEnd Advisors LLC reduced its stake in shares of MasterCard Inc. (NYSE:MA) by 10.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,000,099 shares of the company’s stock after selling 112,311 shares during the period. MasterCard accounts for about 4.7% of WestEnd Advisors LLC’s investment portfolio, making the stock its 20th largest position. WestEnd Advisors LLC’s holdings in MasterCard were worth $88,069,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in the stock. Bank of Montreal Can acquired a new stake in MasterCard during the second quarter valued at $217,521,000. Carmignac Gestion boosted its stake in MasterCard by 21.2% in the second quarter. Carmignac Gestion now owns 5,993,989 shares of the company’s stock valued at $527,831,000 after buying an additional 1,047,867 shares during the last quarter. Bristol John W & Co. Inc. NY acquired a new stake in MasterCard during the second quarter valued at $62,970,000. Credit Agricole S A boosted its stake in MasterCard by 144.1% in the first quarter. Credit Agricole S A now owns 971,323 shares of the company’s stock valued at $91,790,000 after buying an additional 573,334 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in MasterCard by 6.1% in the first quarter. Geode Capital Management LLC now owns 8,575,951 shares of the company’s stock valued at $808,899,000 after buying an additional 492,230 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.
MasterCard Inc. (NYSE:MA) traded up 0.98% during trading on Wednesday, reaching $102.73. The company had a trading volume of 3,305,249 shares. MasterCard Inc. has a 12 month low of $78.52 and a 12 month high of $103.49. The firm has a market capitalization of $112.77 billion, a price-to-earnings ratio of 30.13 and a beta of 1.19. The stock has a 50 day moving average price of $100.42 and a 200 day moving average price of $96.19.
MasterCard (NYSE:MA) last announced its earnings results 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. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.59 billion. MasterCard had a return on equity of 66.32% and a net margin of 37.39%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 EPS. On average, equities research analysts predict that MasterCard Inc. will post $3.63 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 9th. Shareholders of record on Monday, October 10th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, October 5th. MasterCard’s payout ratio is currently 22.35%.
A number of equities research analysts have weighed in on MA shares. Vetr upgraded MasterCard from a “sell” rating to a “buy” rating and set a $94.47 price objective for the company in a research note on Monday, June 27th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $110.00 price objective on shares of MasterCard in a research note on Saturday, July 2nd. Jefferies Group reiterated a “buy” rating on shares of MasterCard in a research note on Tuesday, July 5th. Barclays PLC reduced their price objective on MasterCard from $105.00 to $103.00 and set an “overweight” rating for the company in a research note on Thursday, July 7th. Finally, BMO Capital Markets reiterated a “buy” rating on shares of MasterCard in a research note on Monday, July 11th. Six analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. MasterCard presently has a consensus rating of “Buy” and a consensus target price of $109.90.
In other news, major shareholder Foundation Mastercard sold 84,000 shares of MasterCard stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $92.64, for a total transaction of $7,781,760.00. Following the transaction, the insider now directly owns 115,064,971 shares in the company, valued at approximately $10,659,618,913.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Martina Hundmejean sold 94,345 shares of MasterCard 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 owns 214,968 shares in the company, 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 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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