Keel Point LLC Sells 11 Shares of Mastercard Incorporated (NYSE:MA)
Keel Point LLC decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 0.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,344 shares of the credit services provider’s stock after selling 11 shares during the period. Keel Point LLC’s holdings in Mastercard were worth $376,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Independence Advisors LLC bought a new position in Mastercard during the first quarter worth $214,000. Fulton Bank N.A. boosted its stake in Mastercard by 16.0% in the first quarter. Fulton Bank N.A. now owns 7,924 shares of the credit services provider’s stock worth $891,000 after buying an additional 1,093 shares during the period. Osborn Williams & Donohoe LLC boosted its stake in Mastercard by 1.4% in the first quarter. Osborn Williams & Donohoe LLC now owns 11,875 shares of the credit services provider’s stock worth $1,336,000 after buying an additional 165 shares during the period. Raymond James Trust N.A. boosted its stake in Mastercard by 7.9% in the first quarter. Raymond James Trust N.A. now owns 15,057 shares of the credit services provider’s stock worth $1,693,000 after buying an additional 1,102 shares during the period. Finally, Charter Trust Co. boosted its stake in Mastercard by 14.6% in the first quarter. Charter Trust Co. now owns 13,586 shares of the credit services provider’s stock worth $1,528,000 after buying an additional 1,735 shares during the period. Institutional investors and hedge funds own 75.76% of the company’s stock.
Shares of Mastercard Incorporated (MA) traded up 1.02% during trading on Friday, hitting $128.97. 793,632 shares of the company were exchanged. The company’s 50-day moving average price is $126.44 and its 200 day moving average price is $117.36. Mastercard Incorporated has a 12 month low of $94.41 and a 12 month high of $132.20. The stock has a market cap of $137.34 billion, a P/E ratio of 32.00 and a beta of 1.17.
Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. On average, equities analysts predict that Mastercard Incorporated will post $4.39 earnings per share for the current fiscal year.
The company also recently declared 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 0.69%. The ex-dividend date was Wednesday, July 5th. Mastercard’s dividend payout ratio (DPR) is 21.78%.
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A number of equities research analysts have recently commented on the company. BidaskClub upgraded Mastercard from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Citigroup Inc. raised their target price on Mastercard from $123.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, June 19th. Zacks Investment Research cut Mastercard from a “hold” rating to a “sell” rating in a research report on Thursday, April 20th. Vetr cut Mastercard from a “hold” rating to a “sell” rating and set a $115.30 target price on the stock. in a research report on Monday, May 22nd. Finally, BMO Capital Markets raised their target price on Mastercard from $126.00 to $137.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $128.20.
In related news, CFO Martina Hundmejean sold 91,107 shares of Mastercard stock in a transaction 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 owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 87,618 shares of Mastercard stock in a transaction on Monday, July 17th. The stock was sold at an average price of $126.60, for a total transaction of $11,092,438.80. Following the sale, the insider now directly owns 112,736,681 shares in the company, valued at approximately $14,272,463,814.60. 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 ninety days. 0.30% of the stock is currently owned by insiders.
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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