Reinhart Partners Inc. Has $418,000 Stake in Mastercard Incorporated (MA)
Reinhart Partners Inc. lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,445 shares of the credit services provider’s stock after selling 125 shares during the period. Reinhart Partners Inc.’s holdings in Mastercard were worth $418,000 as of its most recent filing with the SEC.
Several other institutional investors have also 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, Norges Bank purchased a new stake in Mastercard during the fourth quarter valued at about $857,217,000. Institutional investors and hedge funds own 75.74% of the company’s stock.
Mastercard Incorporated (NYSE:MA) opened at 127.73 on Wednesday. Mastercard Incorporated has a 1-year low of $92.03 and a 1-year high of $128.16. The firm has a market capitalization of $136.91 billion, a price-to-earnings ratio of 33.35 and a beta of 1.17. The firm’s 50-day moving average is $123.50 and its 200-day moving average is $114.96.
Mastercard (NYSE:MA) last announced its earnings results on Tuesday, May 2nd. The credit services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.07. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Mastercard had a net margin of 37.79% and a return on equity of 72.95%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the company posted $0.86 EPS. On average, equities analysts anticipate that Mastercard Incorporated will post $4.31 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 9th. Investors of record on Friday, July 7th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Wednesday, July 5th. Mastercard’s dividend payout ratio (DPR) is currently 22.98%.
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MA has been the topic of several analyst reports. BidaskClub downgraded shares of Mastercard from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Zacks Investment Research downgraded shares of Mastercard from a “hold” rating to a “sell” rating in a research note on Thursday, April 20th. Deutsche Bank AG reaffirmed a “buy” rating and set a $150.00 price target (up previously from $124.00) on shares of Mastercard in a research note on Monday, July 10th. Credit Suisse Group reaffirmed a “buy” rating and set a $125.00 price target on shares of Mastercard in a research note on Friday, July 7th. Finally, Vetr downgraded shares of Mastercard from a “hold” rating to a “sell” rating and set a $115.30 price target on the stock. in a research note on Monday, May 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $125.40.
In other Mastercard news, insider Gary J. Flood sold 83,959 shares of the stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $115.43, for a total transaction of $9,691,387.37. Following the sale, the insider now owns 78,819 shares of the company’s stock, valued at approximately $9,098,077.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 87,618 shares of the stock in a transaction dated 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 sale, the insider now directly owns 112,736,681 shares in the company, valued at approximately $14,272,463,814.60. The disclosure for this sale can be found here. Insiders have sold a total of 333,319 shares of company stock valued at $39,751,311 in the last quarter. 0.30% of the stock is currently owned by corporate insiders.
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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