Mastercard Incorporated (MA) Position Maintained by Hermes Investment Management Ltd.
Hermes Investment Management Ltd. maintained its stake in shares of Mastercard Incorporated (NYSE:MA) during the second quarter, Holdings Channel reports. The institutional investor owned 15,509 shares of the credit services provider’s stock at the end of the second quarter. Hermes Investment Management Ltd.’s holdings in Mastercard were worth $1,884,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the stock. American Beacon Advisors Inc. acquired a new stake in Mastercard during the first quarter worth about $100,000. Proficio Capital Partners LLC boosted its stake in Mastercard by 108.2% in the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after buying an additional 464 shares during the last quarter. Lipe & Dalton acquired a new stake in Mastercard during the first quarter worth about $101,000. Norway Savings Bank boosted its stake in Mastercard by 1.1% in the second quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock worth $117,000 after buying an additional 10 shares during the last quarter. Finally, Kistler Tiffany Companies LLC boosted its stake in Mastercard by 10.9% in the first quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock worth $115,000 after buying an additional 100 shares during the last quarter. 75.99% of the stock is owned by institutional investors.
Mastercard Incorporated (NYSE MA) traded up 0.69% during midday trading on Wednesday, hitting $132.49. The stock had a trading volume of 824,688 shares. The stock has a market capitalization of $141.09 billion, a PE ratio of 32.88 and a beta of 1.17. The stock’s 50-day moving average is $127.02 and its 200-day moving average is $117.92. Mastercard Incorporated has a 1-year low of $94.41 and a 1-year high of $132.58.
Mastercard (NYSE:MA) last announced 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 return on equity of 74.92% and a net margin of 38.30%. The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. Mastercard’s revenue was up 13.3% compared to the same quarter last year. On average, equities research analysts anticipate that Mastercard Incorporated will post $4.40 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 7th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, July 5th. This represents a $0.88 annualized dividend and a yield of 0.67%. Mastercard’s dividend payout ratio (DPR) is currently 21.78%.
MA has been the subject of a number of research reports. Morgan Stanley increased their target price on Mastercard from $124.00 to $131.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 30th. Instinet increased their target price on Mastercard from $133.00 to $134.00 and gave the stock a “buy” rating in a research note on Thursday, May 4th. Zacks Investment Research raised Mastercard from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. Deutsche Bank AG reissued a “buy” rating and set a $150.00 target price (up from $124.00) on shares of Mastercard in a research note on Monday, July 10th. Finally, Barclays PLC increased their target price on Mastercard from $124.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $128.20.
In other Mastercard news, CFO Martina Hundmejean sold 91,107 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total value of $11,824,777.53. Following the transaction, the chief financial officer now owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 87,618 shares of the business’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $127.98, for a total value of $11,213,351.64. Following the completion of the transaction, the insider now directly owns 112,649,063 shares in the company, valued at approximately $14,416,827,082.74. The disclosure for this sale can be found here. Insiders have sold 850,468 shares of company stock valued at $109,574,694 in the last quarter. 0.30% of the stock is currently owned by corporate 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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