Zweig DiMenna Associates LLC boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 11.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 309,157 shares of the credit services provider’s stock after purchasing an additional 32,603 shares during the quarter. Mastercard makes up 2.7% of Zweig DiMenna Associates LLC’s investment portfolio, making the stock its 4th biggest holding. Zweig DiMenna Associates LLC’s holdings in Mastercard were worth $37,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Mastercard by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock worth $7,176,378,000 after purchasing an additional 1,814,116 shares during the period. State Street Corp increased its holdings in Mastercard by 0.4% during the 1st quarter. State Street Corp now owns 37,454,824 shares of the credit services provider’s stock worth $4,212,546,000 after purchasing an additional 140,515 shares during the period. Ameriprise Financial Inc. increased its holdings in Mastercard by 6.2% during the 1st quarter. Ameriprise Financial Inc. now owns 10,168,300 shares of the credit services provider’s stock worth $1,143,636,000 after purchasing an additional 591,427 shares during the period. Akre Capital Management LLC increased its holdings in Mastercard by 13.4% during the 1st quarter. Akre Capital Management LLC now owns 5,329,183 shares of the credit services provider’s stock worth $599,373,000 after purchasing an additional 627,792 shares during the period. Finally, Legal & General Group Plc increased its holdings in Mastercard by 2.0% during the 2nd quarter. Legal & General Group Plc now owns 4,608,529 shares of the credit services provider’s stock worth $559,717,000 after purchasing an additional 88,910 shares during the period. Institutional investors own 76.01% of the company’s stock.

MA has been the topic of several recent research reports. Wedbush restated a “buy” rating and set a $140.00 price target (up previously from $129.00) on shares of Mastercard in a report on Wednesday, September 6th. Susquehanna Bancshares Inc restated a “positive” rating and set a $158.00 price target (up previously from $149.00) on shares of Mastercard in a report on Friday, September 8th. Barclays PLC upped their price target on Mastercard from $142.00 to $148.00 and gave the stock an “overweight” rating in a report on Friday, September 8th. Instinet reiterated a “buy” rating and issued a $163.00 price objective (up previously from $153.00) on shares of Mastercard in a report on Saturday, September 9th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $150.00 price objective (up previously from $124.00) on shares of Mastercard in a report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $148.54.

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Shares of Mastercard Incorporated (NYSE MA) opened at 144.98 on Friday. The firm has a market capitalization of $154.39 billion, a PE ratio of 35.98 and a beta of 1.18. Mastercard Incorporated has a 52-week low of $99.51 and a 52-week high of $148.45. The firm’s 50-day moving average price is $141.42 and its 200-day moving average price is $127.42.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The company had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 earnings per share. On average, equities analysts predict that Mastercard Incorporated will post $4.44 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Friday, October 6th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Thursday, October 5th. Mastercard’s dividend payout ratio (DPR) is presently 21.78%.

In related news, insider Michael Fraccaro sold 5,800 shares of the stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total value of $856,022.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 87,618 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $129.46, for a total value of $11,343,026.28. Following the completion of the transaction, the insider now directly owns 112,561,445 shares of the company’s stock, valued at $14,572,204,669.70. The disclosure for this sale can be found here. Insiders have sold 641,820 shares of company stock valued at $83,385,957 over the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Mastercard Company Profile

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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