Pax World Management LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 10.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,503 shares of the credit services provider’s stock after acquiring an additional 700 shares during the quarter. Pax World Management LLC’s holdings in Mastercard were worth $911,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Mastercard by 2.9% during the first quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock valued at $7,176,378,000 after acquiring an additional 1,814,116 shares in the last quarter. State Street Corp increased its holdings in shares of Mastercard by 0.4% during the first quarter. State Street Corp now owns 37,454,824 shares of the credit services provider’s stock valued at $4,212,546,000 after acquiring an additional 140,515 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Mastercard by 6.2% during the first quarter. Ameriprise Financial Inc. now owns 10,168,300 shares of the credit services provider’s stock valued at $1,143,636,000 after acquiring an additional 591,427 shares in the last quarter. Akre Capital Management LLC increased its holdings in shares of Mastercard by 13.4% during the first quarter. Akre Capital Management LLC now owns 5,329,183 shares of the credit services provider’s stock valued at $599,373,000 after acquiring an additional 627,792 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Mastercard by 2.0% during the second quarter. Legal & General Group Plc now owns 4,608,529 shares of the credit services provider’s stock valued at $559,717,000 after acquiring an additional 88,910 shares in the last quarter. Hedge funds and other institutional investors own 76.01% of the company’s stock.

In other Mastercard news, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total value of $712,550.00. Following the transaction, the director now directly owns 45,278 shares in the company, valued at approximately $6,452,567.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 29,206 shares of Mastercard stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $127.97, for a total value of $3,737,491.82. Following the completion of the transaction, the insider now owns 112,386,209 shares in the company, valued at $14,382,063,165.73. The disclosure for this sale can be found here. Insiders sold a total of 758,644 shares of company stock worth $98,337,677 over the last quarter. Company insiders own 0.30% of the company’s stock.

Several equities analysts have recently issued reports on the stock. Robert W. Baird upped their price objective on shares of Mastercard from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Monday. Piper Jaffray Companies restated a “buy” rating and set a $161.00 price objective on shares of Mastercard in a report on Friday. Stephens assumed coverage on shares of Mastercard in a report on Friday. They set an “overweight” rating and a $166.00 price objective on the stock. Mizuho restated a “hold” rating and set a $140.00 price objective on shares of Mastercard in a report on Thursday, October 12th. Finally, Cowen and Company restated a “buy” rating and set a $137.00 price objective on shares of Mastercard in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have issued a buy rating to the stock. Mastercard has a consensus rating of “Buy” and a consensus target price of $146.81.

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Mastercard Incorporated (NYSE:MA) opened at 146.22 on Tuesday. The firm has a market capitalization of $155.71 billion, a P/E ratio of 36.28 and a beta of 1.18. The stock’s 50 day moving average price is $140.23 and its 200 day moving average price is $126.67. Mastercard Incorporated has a 52 week low of $99.51 and a 52 week high of $148.45.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, beating the 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 company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period last year, the business posted $0.96 EPS. The company’s revenue was up 13.3% on a year-over-year basis. On average, equities analysts expect that Mastercard Incorporated will post $4.44 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, October 6th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.60%. Mastercard’s dividend payout ratio (DPR) is currently 21.78%.

About Mastercard

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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