Vicus Capital purchased a new stake in shares of Mastercard Incorporated (NYSE:MA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,649 shares of the credit services provider’s stock, valued at approximately $200,000.
Several other hedge funds have also bought and sold shares of MA. American Beacon Advisors Inc. acquired a new stake in Mastercard during the first quarter valued at approximately $100,000. Lipe & Dalton acquired a new stake in Mastercard during the first quarter valued at approximately $101,000. Proficio Capital Partners LLC boosted its stake in Mastercard by 108.2% in the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after buying an additional 464 shares in the last quarter. Kistler Tiffany Companies LLC boosted its stake in Mastercard by 10.9% in the first quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock valued at $115,000 after buying an additional 100 shares in the last quarter. Finally, Norway Savings Bank boosted its stake in Mastercard by 1.1% in the second quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock valued at $117,000 after buying an additional 10 shares in the last quarter. 75.76% of the stock is owned by institutional investors and hedge funds.
Shares of Mastercard Incorporated (NYSE MA) traded up 1.14% during midday trading on Friday, hitting $129.13. The stock had a trading volume of 1,297,079 shares. The firm has a market cap of $137.51 billion, a price-to-earnings ratio of 32.04 and a beta of 1.17. Mastercard Incorporated has a 12-month low of $94.41 and a 12-month high of $132.20. The company’s 50-day moving average price is $126.44 and its 200-day moving average price is $117.36.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the business earned $0.96 EPS. The company’s revenue was up 13.3% on a year-over-year basis. Equities research analysts forecast that Mastercard Incorporated will post $4.39 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Friday, July 7th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.69%. The ex-dividend date was Wednesday, July 5th. Mastercard’s dividend payout ratio (DPR) is currently 21.78%.
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Several analysts have recently commented on the company. BidaskClub raised Mastercard from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Citigroup Inc. raised their price target on Mastercard from $123.00 to $140.00 and gave the company a “buy” rating in a report on Monday, June 19th. Zacks Investment Research cut Mastercard from a “hold” rating to a “sell” rating in a report on Thursday, April 20th. Vetr cut Mastercard from a “hold” rating to a “sell” rating and set a $115.30 price target for the company. in a report on Monday, May 22nd. Finally, BMO Capital Markets raised their price target on Mastercard from $126.00 to $137.00 and gave the company an “outperform” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $128.20.
In other Mastercard news, major shareholder Foundation Mastercard sold 87,618 shares of the business’s stock in a transaction on Monday, July 17th. The shares were 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 of the company’s stock, valued at approximately $14,272,463,814.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of the business’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 directly owns 170,570 shares in the company, valued at $22,138,280.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 850,468 shares of company stock worth $109,574,694. Company 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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