Marsico Capital Management LLC reduced its position in shares of Mastercard Incorporated (NYSE:MA) by 19.8% during the first quarter, Holdings Channel reports. The fund owned 69,429 shares of the credit services provider’s stock after selling 17,145 shares during the period. Marsico Capital Management LLC’s holdings in Mastercard were worth $7,809,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Mastercard by 2.9% in the first quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock worth $7,176,378,000 after buying an additional 1,814,116 shares during the last quarter. Bank of Montreal Can raised its stake in Mastercard by 31.8% in the first quarter. Bank of Montreal Can now owns 3,527,052 shares of the credit services provider’s stock worth $396,689,000 after buying an additional 851,490 shares during the last quarter. Swiss National Bank raised its stake in Mastercard by 24.6% in the first quarter. Swiss National Bank now owns 3,660,220 shares of the credit services provider’s stock worth $411,665,000 after buying an additional 722,600 shares during the last quarter. TCW Group Inc. raised its stake in Mastercard by 1,000.9% in the first quarter. TCW Group Inc. now owns 783,757 shares of the credit services provider’s stock worth $88,149,000 after buying an additional 712,562 shares during the last quarter. Finally, OppenheimerFunds Inc. raised its stake in Mastercard by 24.8% in the first quarter. OppenheimerFunds Inc. now owns 3,584,158 shares of the credit services provider’s stock worth $403,111,000 after buying an additional 711,542 shares during the last quarter. 75.76% of the stock is owned by institutional investors and hedge funds.
Shares of Mastercard Incorporated (NYSE MA) traded down 0.63% during mid-day trading on Thursday, hitting $128.90. The stock had a trading volume of 538,822 shares. Mastercard Incorporated has a 12 month low of $94.41 and a 12 month high of $132.20. The company has a market cap of $137.27 billion, a PE ratio of 31.99 and a beta of 1.17. The stock’s 50-day moving average is $126.31 and its 200 day moving average is $117.29.
Mastercard (NYSE:MA) last released its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The firm had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter last year, the business posted $0.96 earnings per share. The firm’s revenue was up 13.3% on a year-over-year basis. On average, equities research analysts forecast that Mastercard Incorporated will post $4.39 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 7th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Wednesday, July 5th. Mastercard’s dividend payout ratio is currently 21.78%.
A number of equities research analysts recently commented on MA shares. Piper Jaffray Companies reissued a “buy” rating on shares of Mastercard in a research report on Friday, April 14th. Morgan Stanley increased their price target on Mastercard from $124.00 to $131.00 and gave the company an “overweight” rating in a research report on Tuesday, May 30th. Instinet increased their price target on Mastercard from $133.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, May 4th. Zacks Investment Research raised Mastercard from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $150.00 price target (up from $124.00) on shares of Mastercard in a research report on Monday, July 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $128.20.
In related news, CFO Martina Hundmejean sold 91,107 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the completion of the sale, the chief financial officer now owns 170,570 shares in the company, valued at $22,138,280.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 58,412 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $129.87, for a total value of $7,585,966.44. Following the sale, the insider now owns 112,298,591 shares of the company’s stock, valued at approximately $14,584,218,013.17. The disclosure for this sale can be found here. Insiders have sold 762,845 shares of company stock valued at $98,241,535 in the last quarter. 0.30% of the stock is currently owned by company insiders.
Mastercard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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