Mastercard Incorporated (MA) Shares Sold by Peak Asset Management LLC
Peak Asset Management LLC trimmed its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,954 shares of the credit services provider’s stock after selling 125 shares during the quarter. Peak Asset Management LLC’s holdings in Mastercard were worth $966,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of MA. American Beacon Advisors Inc. bought a new position in shares of Mastercard in the 1st quarter worth about $100,000. Proficio Capital Partners LLC lifted its position in shares of Mastercard by 108.2% in the 1st 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 bought a new position in shares of Mastercard in the 1st quarter worth about $101,000. Chicago Partners Investment Group LLC lifted its position in shares of Mastercard by 1,365.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after buying an additional 874 shares during the last quarter. Finally, Norway Savings Bank lifted its position in shares of Mastercard by 1.1% in the 2nd 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. Hedge funds and other institutional investors own 76.04% of the company’s stock.
In other Mastercard news, major shareholder Foundation Mastercard sold 87,618 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $126.60, for a total transaction of $11,092,438.80. Following the transaction, the insider now directly owns 112,736,681 shares in the company, valued at approximately $14,272,463,814.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 170,570 shares in the company, valued at $22,138,280.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 864,668 shares of company stock worth $111,589,106. 0.30% of the stock is owned by corporate insiders.
MA has been the topic of a number of recent research reports. Wedbush restated an “outperform” rating and issued a $129.00 price target (up from $126.00) on shares of Mastercard in a research report on Tuesday, June 6th. BidaskClub downgraded shares of Mastercard from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Royal Bank Of Canada restated a “top pick” rating and issued a $130.00 price target on shares of Mastercard in a research report on Friday, June 16th. Citigroup Inc. raised their price target on shares of Mastercard from $123.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, June 19th. Finally, Mizuho initiated coverage on shares of Mastercard in a research report on Tuesday, June 27th. They issued a “neutral” rating and a $125.00 price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $142.34.
Mastercard Incorporated (NYSE MA) opened at 141.20 on Friday. The stock has a 50 day moving average of $133.90 and a 200 day moving average of $122.61. Mastercard Incorporated has a 52 week low of $99.51 and a 52 week high of $143.59. The firm has a market cap of $150.36 billion, a PE ratio of 35.04 and a beta of 1.18.
Mastercard (NYSE:MA) last issued 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. The business had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 EPS. Analysts anticipate that Mastercard Incorporated will post $4.43 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Friday, October 6th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, October 5th. This represents a $0.88 annualized dividend and a yield of 0.62%. Mastercard’s dividend payout ratio (DPR) is 21.78%.
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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