Mastercard Incorporated (MA) Stake Lowered by APG Asset Management N.V.
APG Asset Management N.V. reduced its position in Mastercard Incorporated (NYSE:MA) by 13.1% during the second quarter, Holdings Channel reports. The fund owned 827,527 shares of the credit services provider’s stock after selling 124,954 shares during the period. APG Asset Management N.V.’s holdings in Mastercard were worth $100,503,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Pennsylvania Trust Co boosted its stake in Mastercard by 1.6% in the first quarter. Pennsylvania Trust Co now owns 20,733 shares of the credit services provider’s stock worth $2,332,000 after buying an additional 335 shares during the last quarter. Cookson Peirce & Co. Inc. boosted its stake in Mastercard by 1.2% in the first quarter. Cookson Peirce & Co. Inc. now owns 13,441 shares of the credit services provider’s stock worth $1,512,000 after buying an additional 160 shares during the last quarter. Adviser Investments LLC acquired a new stake in Mastercard during the first quarter worth $727,000. Linscomb & Williams Inc. boosted its stake in Mastercard by 5.7% in the first quarter. Linscomb & Williams Inc. now owns 11,223 shares of the credit services provider’s stock worth $1,262,000 after buying an additional 603 shares during the last quarter. Finally, Tompkins Financial Corp boosted its stake in Mastercard by 9.7% in the first quarter. Tompkins Financial Corp now owns 10,703 shares of the credit services provider’s stock worth $1,011,000 after buying an additional 949 shares during the last quarter. 75.99% of the stock is owned by hedge funds and other institutional investors.
Shares of Mastercard Incorporated (MA) traded up 0.38% during trading on Tuesday, hitting $131.59. The company had a trading volume of 907,824 shares. Mastercard Incorporated has a 52-week low of $94.41 and a 52-week high of $132.20. The stock’s 50-day moving average is $126.79 and its 200 day moving average is $117.76. The firm has a market capitalization of $140.13 billion, a P/E ratio of 32.65 and a beta of 1.17.
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, topping the consensus estimate of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. 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 firm earned $0.96 earnings per share. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. Equities research analysts predict that Mastercard Incorporated will post $4.40 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th were paid a dividend of $0.22 per share. The ex-dividend date was Wednesday, July 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.67%. Mastercard’s dividend payout ratio (DPR) is 21.78%.
A number of analysts have recently weighed in on MA shares. BidaskClub cut Mastercard from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Zacks Investment Research cut Mastercard from a “hold” rating to a “sell” rating in a research report on Thursday, April 20th. Deutsche Bank AG reissued a “buy” rating and issued a $150.00 price objective (up previously from $124.00) on shares of Mastercard in a research report on Monday, July 10th. Credit Suisse Group reissued a “buy” rating and issued a $125.00 price objective on shares of Mastercard in a research report on Friday, July 7th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $147.00 price objective (up previously from $140.00) on shares of Mastercard in a research report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $128.20.
In related news, major shareholder Foundation Mastercard sold 87,618 shares of the firm’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $126.60, for a total value of $11,092,438.80. Following the completion of the sale, the insider now owns 112,736,681 shares in the company, valued at $14,272,463,814.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of the firm’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 completion of the sale, the chief financial officer now owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. 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. Insiders own 0.30% of the company’s stock.
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.
Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA).
Receive News & Ratings for Mastercard Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.