Mastercard Incorporated (MA) Shares Sold by Gluskin Sheff & Assoc Inc.
Gluskin Sheff & Assoc Inc. cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 28.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 211,026 shares of the credit services provider’s stock after selling 85,212 shares during the period. Mastercard makes up approximately 2.3% of Gluskin Sheff & Assoc Inc.’s holdings, making the stock its 17th biggest position. Gluskin Sheff & Assoc Inc.’s holdings in Mastercard were worth $25,629,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Thompson Davis & CO. Inc. lifted its stake in Mastercard by 170.1% during the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 546 shares during the last quarter. American Beacon Advisors Inc. acquired a new stake in Mastercard during the first quarter valued at approximately $100,000. Proficio Capital Partners LLC lifted its stake in Mastercard by 108.2% during the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after purchasing an additional 464 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in Mastercard by 1,365.6% during the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 874 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Mastercard during the second quarter valued at approximately $121,000. 76.21% of the stock is owned by institutional investors and hedge funds.
Mastercard Incorporated (NYSE MA) opened at $149.02 on Friday. Mastercard Incorporated has a 12 month low of $99.51 and a 12 month high of $152.00. The company has a market cap of $157,761.81, a price-to-earnings ratio of 34.58, a PEG ratio of 1.98 and a beta of 1.21. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.11. The business had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. Mastercard’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 EPS. research analysts forecast that Mastercard Incorporated will post 4.54 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Friday, October 6th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.59%. The ex-dividend date was Thursday, October 5th. Mastercard’s dividend payout ratio is currently 20.47%.
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Several analysts recently commented on the stock. Piper Jaffray Companies reissued an “overweight” rating and set a $150.00 target price (up from $143.00) on shares of Mastercard in a research note on Friday, September 8th. Cowen and Company reissued an “outperform” rating and set a $137.00 target price (up from $129.00) on shares of Mastercard in a research note on Sunday, July 30th. Bank of America Corporation increased their target price on shares of Mastercard from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Zacks Investment Research lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, KeyCorp reissued a “buy” rating and set a $150.00 target price on shares of Mastercard in a research note on Thursday, September 7th. One investment 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 stock. Mastercard has a consensus rating of “Buy” and a consensus target price of $157.68.
In other Mastercard news, insider Craig Vosburg sold 14,200 shares of the stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total value of $2,014,412.00. Following the completion of the sale, the insider now directly owns 40,646 shares of the company’s stock, valued at approximately $5,766,041.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael Fraccaro sold 5,800 shares of the stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $147.59, for a total transaction of $856,022.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,000 shares of company stock valued at $3,582,984. 0.30% of the stock is 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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