Mastercard Inc (MA) Holdings Trimmed by Pittenger & Anderson Inc.
Pittenger & Anderson Inc. lessened its holdings in shares of Mastercard Inc (NYSE:MA) by 1.7% in the second quarter, HoldingsChannel reports. The firm owned 47,054 shares of the credit services provider’s stock after selling 790 shares during the period. Mastercard comprises 0.8% of Pittenger & Anderson Inc.’s portfolio, making the stock its 25th largest holding. Pittenger & Anderson Inc.’s holdings in Mastercard were worth $9,247,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Mutual Advisors LLC bought a new stake in Mastercard during the 2nd quarter valued at $244,000. Putnam Investments LLC raised its stake in Mastercard by 15.8% during the 2nd quarter. Putnam Investments LLC now owns 250,486 shares of the credit services provider’s stock valued at $49,225,000 after acquiring an additional 34,095 shares in the last quarter. Bridges Investment Management Inc. raised its stake in Mastercard by 0.7% during the 2nd quarter. Bridges Investment Management Inc. now owns 301,228 shares of the credit services provider’s stock valued at $59,197,000 after acquiring an additional 1,990 shares in the last quarter. HPM Partners LLC raised its stake in Mastercard by 5.6% during the 2nd quarter. HPM Partners LLC now owns 13,740 shares of the credit services provider’s stock valued at $2,700,000 after acquiring an additional 724 shares in the last quarter. Finally, Cozad Asset Management Inc. bought a new stake in Mastercard during the 2nd quarter valued at $909,000. Hedge funds and other institutional investors own 74.32% of the company’s stock.
MA has been the topic of several recent analyst reports. SunTrust Banks lifted their target price on Mastercard to $240.00 and gave the company a “buy” rating in a research note on Friday, July 27th. They noted that the move was a valuation call. Wolfe Research initiated coverage on Mastercard in a research note on Tuesday, July 17th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. lifted their target price on Mastercard from $202.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, July 27th. Buckingham Research lifted their target price on Mastercard from $194.00 to $222.00 and gave the company a “buy” rating in a research note on Tuesday, June 26th. Finally, Loop Capital lifted their target price on Mastercard to $232.00 and gave the company a “buy” rating in a research note on Friday, July 27th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $208.56.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 26th. The credit services provider reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.13. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.65 billion. Mastercard had a return on equity of 103.82% and a net margin of 33.81%. Mastercard’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.10 earnings per share. equities research analysts predict that Mastercard Inc will post 6.41 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Stockholders of record on Tuesday, October 9th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Friday, October 5th. Mastercard’s dividend payout ratio (DPR) is presently 21.83%.
In other news, CFO Martina Hundmejean sold 69,817 shares of the business’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $200.35, for a total transaction of $13,987,835.95. Following the sale, the chief financial officer now directly owns 128,905 shares of the company’s stock, valued at $25,826,116.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is owned by insiders.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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