Mastercard Incorporated (MA) Stake Raised by Personal Capital Advisors Corp
Personal Capital Advisors Corp boosted its stake in Mastercard Incorporated (NYSE:MA) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 270,438 shares of the credit services provider’s stock after buying an additional 8,670 shares during the period. Mastercard comprises about 0.7% of Personal Capital Advisors Corp’s portfolio, making the stock its 24th largest position. Personal Capital Advisors Corp’s holdings in Mastercard were worth $32,845,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of MA. Vanguard Group Inc. increased its stake in Mastercard by 2.9% in 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 buying an additional 1,814,116 shares during the period. State Street Corp increased its stake in Mastercard by 0.4% in 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 buying an additional 140,515 shares during the period. Ameriprise Financial Inc. increased its stake in Mastercard by 6.2% in 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 buying an additional 591,427 shares during the period. Canada Pension Plan Investment Board increased its stake in Mastercard by 1.4% in the first quarter. Canada Pension Plan Investment Board now owns 8,409,658 shares of the credit services provider’s stock valued at $945,834,000 after buying an additional 114,900 shares during the period. Finally, Akre Capital Management LLC increased its stake in Mastercard by 13.4% in 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 buying an additional 627,792 shares during the period. 76.10% of the stock is owned by institutional investors.
Shares of Mastercard Incorporated (NYSE MA) traded up 0.51% during trading on Monday, reaching $133.43. 736,194 shares of the company’s stock were exchanged. Mastercard Incorporated has a 12-month low of $95.77 and a 12-month high of $134.24. The stock has a 50-day moving average price of $129.18 and a 200 day moving average price of $119.24. The company has a market capitalization of $142.09 billion, a P/E ratio of 33.11 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 Thomson Reuters’ consensus estimate of $1.04 by $0.06. The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 EPS. Equities analysts expect that Mastercard Incorporated will post $4.40 EPS 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. This represents a $0.88 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Wednesday, July 5th. Mastercard’s payout ratio is 21.78%.
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MA has been the subject of several research analyst reports. Deutsche Bank AG reiterated a “buy” rating and set a $150.00 target price (up from $124.00) on shares of Mastercard in a research report on Monday, July 10th. BMO Capital Markets lifted their target price on Mastercard from $123.00 to $126.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 3rd. Wedbush reiterated an “outperform” rating and set a $129.00 target price (up from $126.00) on shares of Mastercard in a research report on Tuesday, June 6th. Cowen and Company lifted their target price on Mastercard from $122.00 to $127.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 3rd. Finally, Oppenheimer Holdings, Inc. lifted their target price on Mastercard and gave the stock an “outperform” rating in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Mastercard presently has an average rating of “Buy” and a consensus price target of $128.20.
In other news, major shareholder Foundation Mastercard sold 87,618 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $126.60, for a total transaction of $11,092,438.80. Following the completion of the transaction, the insider now directly owns 112,736,681 shares of the company’s stock, valued at approximately $14,272,463,814.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Martina Hundmejean sold 91,107 shares of the company’s stock in a transaction that occurred 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 directly owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 850,468 shares of company stock valued at $109,574,694. Corporate 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.
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