IFM Investors Pty Ltd Raises Stake in Mastercard Incorporated (MA)
IFM Investors Pty Ltd grew its holdings in Mastercard Incorporated (NYSE:MA) by 111.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,099 shares of the credit services provider’s stock after purchasing an additional 13,772 shares during the period. IFM Investors Pty Ltd’s holdings in Mastercard were worth $3,170,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of MA. Vanguard Group Inc. increased its holdings in shares of Mastercard by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock valued at $7,176,378,000 after purchasing an additional 1,814,116 shares during the period. Clearbridge Investments LLC increased its holdings in Mastercard by 22,644.6% in the first quarter. Clearbridge Investments LLC now owns 1,685,146 shares of the credit services provider’s stock worth $189,528,000 after buying an additional 1,677,737 shares during the last quarter. Egerton Capital UK LLP increased its holdings in Mastercard by 60.6% in the second quarter. Egerton Capital UK LLP now owns 3,923,766 shares of the credit services provider’s stock worth $476,541,000 after buying an additional 1,480,425 shares during the last quarter. TCW Group Inc. increased its holdings 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. increased its holdings 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. Institutional investors own 76.09% of the company’s stock.
In related news, major shareholder Foundation Mastercard sold 87,623 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $129.34, for a total transaction of $11,333,158.82. Following the transaction, the insider now directly owns 112,240,179 shares of the company’s stock, valued at approximately $14,517,144,751.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Fraccaro sold 5,800 shares of the company’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $147.59, for a total value of $856,022.00. The disclosure for this sale can be found here. Insiders have sold a total of 112,623 shares of company stock worth $14,916,143 over the last three months. 0.30% of the stock is owned by insiders.
Mastercard Incorporated (NYSE:MA) opened at $149.29 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.65 and a current ratio of 1.66. The firm has a market capitalization of $158,978.31, a P/E ratio of 34.64, a P/E/G ratio of 2.09 and a beta of 1.21. Mastercard Incorporated has a 1-year low of $99.51 and a 1-year high of $152.00.
Mastercard (NYSE:MA) last posted its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The business had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The firm’s revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.08 EPS. analysts anticipate that Mastercard Incorporated will post 4.52 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Friday, October 6th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Thursday, October 5th. Mastercard’s payout ratio is presently 20.47%.
A number of research firms recently commented on MA. BidaskClub upgraded Mastercard from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Guggenheim upgraded Mastercard from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $135.00 to $153.00 in a report on Monday, September 11th. Mizuho restated a “hold” rating and issued a $140.00 price objective on shares of Mastercard in a report on Thursday, October 12th. BMO Capital Markets increased their price objective on Mastercard from $126.00 to $137.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. Finally, Barclays PLC increased their price objective on Mastercard from $142.00 to $148.00 and gave the stock an “overweight” rating in a report on Friday, September 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have given a buy rating to the company. Mastercard has a consensus rating of “Buy” and an average price target of $156.34.
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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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