Rathbone Brothers plc Boosts Position in Mastercard Incorporated (MA)
Rathbone Brothers plc boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 4.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 274,946 shares of the credit services provider’s stock after purchasing an additional 11,217 shares during the period. Mastercard comprises approximately 1.5% of Rathbone Brothers plc’s investment portfolio, making the stock its 17th biggest holding. Rathbone Brothers plc’s holdings in Mastercard were worth $33,392,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Pax World Management LLC raised its position in shares of Mastercard by 6.2% in the first quarter. Pax World Management LLC now owns 6,803 shares of the credit services provider’s stock worth $765,000 after acquiring an additional 400 shares during the period. Commerce Bank raised its position in shares of Mastercard by 8.0% during the 1st quarter. Commerce Bank now owns 68,474 shares of the credit services provider’s stock worth $7,701,000 after purchasing an additional 5,100 shares during the last quarter. Peddock Capital Advisors LLC grew its stake in Mastercard by 7.0% during the 1st quarter. Peddock Capital Advisors LLC now owns 9,323 shares of the credit services provider’s stock valued at $1,049,000 after acquiring an additional 607 shares in the last quarter. Highland Private Wealth Management grew its stake in Mastercard by 10.6% during the 1st quarter. Highland Private Wealth Management now owns 2,204 shares of the credit services provider’s stock valued at $248,000 after acquiring an additional 212 shares in the last quarter. Finally, Mosaic Family Wealth LLC grew its stake in Mastercard by 13.9% during the 1st quarter. Mosaic Family Wealth LLC now owns 2,050 shares of the credit services provider’s stock valued at $231,000 after acquiring an additional 250 shares in the last quarter. Institutional investors own 76.09% of the company’s stock.
Shares of Mastercard Incorporated (NYSE:MA) opened at $149.29 on Friday. The firm has a market cap of $158,978.31, a price-to-earnings ratio of 34.64, a price-to-earnings-growth ratio of 2.09 and a beta of 1.21. Mastercard Incorporated has a twelve month low of $99.51 and a twelve month high of $152.00. The company has a current ratio of 1.66, a quick ratio of 1.65 and a debt-to-equity ratio of 0.83.
Mastercard (NYSE:MA) last issued its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.11. The company had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The firm’s revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.08 earnings per share. sell-side analysts anticipate that Mastercard Incorporated will post 4.52 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, October 6th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.59%. Mastercard’s dividend payout ratio (DPR) is 20.47%.
In other news, insider Craig Vosburg sold 14,200 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the completion of the transaction, the insider now owns 40,646 shares in the company, valued at $5,766,041.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 87,623 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $129.34, for a total transaction of $11,333,158.82. Following the transaction, the insider now owns 112,240,179 shares of the company’s stock, valued at approximately $14,517,144,751.86. The disclosure for this sale can be found here. Insiders have sold 112,623 shares of company stock worth $14,916,143 over the last three months. 0.30% of the stock is owned by corporate insiders.
Several analysts have recently weighed in on the stock. BidaskClub raised shares of Mastercard from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Guggenheim upgraded shares of Mastercard from a “neutral” rating to a “buy” rating and increased their target price for the stock from $135.00 to $153.00 in a report on Monday, September 11th. Mizuho restated a “hold” rating and issued a $140.00 price objective on shares of Mastercard in a report on Thursday, October 12th. BMO Capital Markets raised their price objective on shares of Mastercard from $126.00 to $137.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Finally, Barclays PLC raised their price objective on shares of Mastercard from $142.00 to $148.00 and gave the company an “overweight” rating in a report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $156.34.
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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