Forsta AP Fonden Sells 34,883 Shares of Mastercard Incorporated (MA)
Forsta AP Fonden decreased its position in Mastercard Incorporated (NYSE:MA) by 9.9% during the second quarter, Holdings Channel reports. The firm owned 318,420 shares of the credit services provider’s stock after selling 34,883 shares during the period. Mastercard makes up 1.1% of Forsta AP Fonden’s holdings, making the stock its 23rd largest position. Forsta AP Fonden’s holdings in Mastercard were worth $38,672,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of 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 period. State Street Corp boosted its position in shares of Mastercard by 0.4% in the first quarter. State Street Corp now owns 37,454,824 shares of the credit services provider’s stock worth $4,212,546,000 after buying an additional 140,515 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Mastercard by 6.2% in the first quarter. Ameriprise Financial Inc. now owns 10,168,300 shares of the credit services provider’s stock worth $1,143,636,000 after buying an additional 591,427 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of Mastercard by 1.4% in the first quarter. Canada Pension Plan Investment Board now owns 8,409,658 shares of the credit services provider’s stock worth $945,834,000 after buying an additional 114,900 shares during the period. Finally, Akre Capital Management LLC boosted its position in shares of Mastercard by 13.4% in the first quarter. Akre Capital Management LLC now owns 5,329,183 shares of the credit services provider’s stock worth $599,373,000 after buying an additional 627,792 shares during the period. 75.99% of the stock is owned by institutional investors and hedge funds.
Mastercard Incorporated (MA) traded up 0.38% during trading on Tuesday, hitting $131.59. 907,824 shares of the company traded hands. Mastercard Incorporated has a one year low of $94.41 and a one year high of $132.20. The firm has a 50 day moving average of $126.79 and a 200 day moving average of $117.76. The firm has a market cap of $140.13 billion, a P/E ratio of 32.65 and a beta of 1.17.
Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the firm earned $0.96 EPS. Mastercard’s quarterly revenue was up 13.3% compared to the same quarter last year. On average, analysts expect that Mastercard Incorporated will post $4.40 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 7th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.67%. The ex-dividend date was Wednesday, July 5th. Mastercard’s payout ratio is 21.78%.
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MA has been the subject of a number of recent research reports. Deutsche Bank AG restated a “buy” rating and set a $150.00 target price (up previously from $124.00) on shares of Mastercard in a research report on Monday, July 10th. BMO Capital Markets raised their target price on shares of Mastercard from $123.00 to $126.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 3rd. Wedbush restated an “outperform” rating and set a $129.00 target price (up previously from $126.00) on shares of Mastercard in a research report on Tuesday, June 6th. Cowen and Company raised their target price on shares of Mastercard from $122.00 to $127.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 3rd. Finally, Vetr lowered shares of Mastercard from a “buy” rating to a “hold” rating and set a $116.99 target price on the stock. in a research report on Monday, April 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $128.20.
In other Mastercard news, CFO Martina Hundmejean sold 91,107 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the sale, the chief financial officer now directly owns 170,570 shares in the company, valued at approximately $22,138,280.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 87,618 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $127.98, for a total transaction of $11,213,351.64. Following the sale, the insider now owns 112,649,063 shares in the company, valued at $14,416,827,082.74. The disclosure for this sale can be found here. Insiders have sold a total of 850,468 shares of company stock worth $109,574,694 in the last three months. 0.30% of the stock is owned by 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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