Gateway Investment Advisers LLC Has $8.12 Million Holdings in Mastercard Incorporated (MA)
Gateway Investment Advisers LLC decreased its position in Mastercard Incorporated (NYSE:MA) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,817 shares of the credit services provider’s stock after selling 50 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Mastercard were worth $8,115,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in MA. Waldron LP purchased a new position in shares of Mastercard in the first quarter valued at about $823,000. Nikko Asset Management Americas Inc. increased its position in shares of Mastercard by 23.9% in the first quarter. Nikko Asset Management Americas Inc. now owns 8,800 shares of the credit services provider’s stock valued at $990,000 after acquiring an additional 1,700 shares during the period. Russell Investments Group Ltd. increased its position in shares of Mastercard by 18.9% in the first quarter. Russell Investments Group Ltd. now owns 2,538,536 shares of the credit services provider’s stock valued at $285,515,000 after acquiring an additional 404,020 shares during the period. Financial Architects Inc increased its position in shares of Mastercard by 22.6% in the first quarter. Financial Architects Inc now owns 3,099 shares of the credit services provider’s stock valued at $348,000 after acquiring an additional 572 shares during the period. Finally, Braun Stacey Associates Inc. increased its position in shares of Mastercard by 3.0% in the first quarter. Braun Stacey Associates Inc. now owns 143,562 shares of the credit services provider’s stock valued at $16,146,000 after acquiring an additional 4,190 shares during the period. Hedge funds and other institutional investors own 76.04% of the company’s stock.
A number of equities analysts have issued reports on MA shares. Deutsche Bank AG restated a “buy” rating and issued a $124.00 price objective on shares of Mastercard in a research report on Thursday, May 25th. Morgan Stanley boosted their price objective on shares of Mastercard from $124.00 to $131.00 and gave the company an “overweight” rating in a research report on Tuesday, May 30th. Wedbush restated an “outperform” rating and issued a $129.00 price objective (up previously from $126.00) on shares of Mastercard in a research report on Tuesday, June 6th. BidaskClub cut shares of Mastercard from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Finally, Royal Bank Of Canada restated a “top pick” rating and issued a $130.00 price objective on shares of Mastercard in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $140.47.
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In other news, major shareholder Foundation Mastercard sold 87,623 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $129.34, for a total value of $11,333,158.82. Following the sale, the insider now directly owns 112,240,179 shares in the company, valued at approximately $14,517,144,751.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Martina Hundmejean sold 91,107 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 170,570 shares in the company, valued at $22,138,280.30. The disclosure for this sale can be found here. Insiders sold a total of 850,468 shares of company stock worth $109,574,694 over the last 90 days. Company insiders own 0.30% of the company’s stock.
Shares of Mastercard Incorporated (NYSE:MA) traded down 0.25% on Thursday, hitting $141.89. 1,202,615 shares of the stock traded hands. Mastercard Incorporated has a 52-week low of $99.51 and a 52-week high of $143.59. The stock has a market cap of $151.10 billion, a P/E ratio of 35.21 and a beta of 1.18. The stock’s 50 day moving average price is $133.90 and its 200 day moving average price is $122.61.
Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. The business had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 EPS. On average, equities analysts expect that Mastercard Incorporated will post $4.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Friday, October 6th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, October 5th. Mastercard’s dividend payout ratio is currently 21.78%.
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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