Swedbank Increases Holdings in Mastercard Incorporated (MA)
Swedbank grew its position in Mastercard Incorporated (NYSE:MA) by 4.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,032,513 shares of the credit services provider’s stock after acquiring an additional 131,994 shares during the quarter. Mastercard accounts for about 2.5% of Swedbank’s holdings, making the stock its 14th largest position. Swedbank owned 0.28% of Mastercard worth $368,299,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in MA. American Beacon Advisors Inc. acquired a new position in shares of Mastercard in the 1st quarter worth approximately $100,000. Lipe & Dalton acquired a new position in shares of Mastercard in the 1st quarter worth approximately $101,000. Proficio Capital Partners LLC raised its holdings in shares of Mastercard by 108.2% in the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after buying an additional 464 shares in the last quarter. Kistler Tiffany Companies LLC raised its holdings in shares of Mastercard by 10.9% in the 1st quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock worth $115,000 after buying an additional 100 shares in the last quarter. Finally, First Bank & Trust raised its holdings in shares of Mastercard by 14.5% in the 1st quarter. First Bank & Trust now owns 1,300 shares of the credit services provider’s stock worth $146,000 after buying an additional 165 shares in the last quarter. Institutional investors own 76.04% of the company’s stock.
In other Mastercard news, CFO Martina Hundmejean sold 91,107 shares of the company’s stock in a transaction on 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 sale, the chief financial officer now owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 87,618 shares of the company’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $127.98, for a total transaction of $11,213,351.64. Following the sale, the insider now directly owns 112,649,063 shares in the company, valued at approximately $14,416,827,082.74. The disclosure for this sale can be found here. Insiders sold 850,468 shares of company stock valued at $109,574,694 over the last 90 days. 0.30% of the stock is currently owned by company insiders.
Mastercard Incorporated (MA) traded up 0.12% on Friday, reaching $141.89. The company’s stock had a trading volume of 1,860,351 shares. The company has a market cap of $151.10 billion, a P/E ratio of 35.21 and a beta of 1.18. Mastercard Incorporated has a 12 month low of $99.51 and a 12 month high of $143.59. The stock’s 50 day moving average price is $133.90 and its 200 day moving average price is $122.61.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, beating the Zacks’ 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%. Mastercard’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 earnings per share. Equities research analysts forecast that Mastercard Incorporated will post $4.43 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Friday, October 6th will be issued a $0.22 dividend. The ex-dividend date is Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a yield of 0.62%. Mastercard’s payout ratio is 21.78%.
MA has been the subject of a number of recent research reports. Wedbush reissued a “buy” rating and issued a $140.00 target price (up from $129.00) on shares of Mastercard in a report on Wednesday, September 6th. BidaskClub cut Mastercard from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $158.00 target price (up from $149.00) on shares of Mastercard in a report on Friday, September 8th. Barclays PLC increased their target price on Mastercard from $142.00 to $148.00 and gave the stock an “overweight” rating in a report on Friday, September 8th. Finally, Instinet reissued a “buy” rating and issued a $163.00 target price (up from $153.00) on shares of Mastercard in a report on Saturday, September 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $141.47.
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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