Level Four Advisory Services LLC boosted its position in Mastercard Incorporated (NYSE:MA) by 12.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 18,651 shares of the credit services provider’s stock after buying an additional 2,098 shares during the period. Level Four Advisory Services LLC’s holdings in Mastercard were worth $2,093,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. State Street Corp boosted 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 worth $4,212,546,000 after buying an additional 140,515 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Mastercard during the first quarter worth approximately $10,055,000. Oppenheimer & Co. Inc. boosted its stake in Mastercard by 3.1% in the first quarter. Oppenheimer & Co. Inc. now owns 62,266 shares of the credit services provider’s stock worth $7,003,000 after buying an additional 1,852 shares during the last quarter. Edmond DE Rothschild Holding S.A. boosted its stake in Mastercard by 12.4% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 30,643 shares of the credit services provider’s stock worth $3,447,000 after buying an additional 3,371 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Mastercard by 2.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,933,753 shares of the credit services provider’s stock worth $329,960,000 after buying an additional 65,400 shares during the last quarter. Institutional investors own 75.76% of the company’s stock.
Mastercard Incorporated (NYSE:MA) traded up 0.69% on Friday, reaching $128.55. 2,484,529 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $126.59 and a 200-day moving average price of $117.50. The stock has a market capitalization of $136.89 billion, a price-to-earnings ratio of 31.90 and a beta of 1.17. Mastercard Incorporated has a 52 week low of $94.41 and a 52 week high of $132.20.
Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (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 analysts’ expectations of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 EPS. On average, analysts predict that Mastercard Incorporated will post $4.39 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Friday, July 7th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Wednesday, July 5th. Mastercard’s payout ratio is currently 21.78%.
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A number of research firms have commented on MA. BidaskClub cut shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Cowen and Company reiterated an “outperform” rating and set a $137.00 price objective (up previously from $129.00) on shares of Mastercard in a research report on Sunday, July 30th. BMO Capital Markets lifted their price objective on shares of Mastercard from $126.00 to $137.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Loop Capital lifted their price objective on shares of Mastercard from $132.00 to $144.00 and gave the company a “positive” rating in a research report on Friday, July 28th. They noted that the move was a valuation call. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $147.00 price objective (up previously from $140.00) on shares of Mastercard in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Mastercard presently has a consensus rating of “Buy” and an average price target of $128.20.
In other Mastercard news, CFO Martina Hundmejean sold 91,107 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total value of $11,824,777.53. Following the completion of the sale, the chief financial officer now directly owns 170,570 shares in the company, valued at approximately $22,138,280.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 87,618 shares of the company’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $126.60, for a total value of $11,092,438.80. Following the completion of the sale, the insider now owns 112,736,681 shares of the company’s stock, valued at $14,272,463,814.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 850,468 shares of company stock valued at $109,574,694. 0.30% of the stock is owned by company insiders.
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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