Hennessy Advisors Inc. reduced its position in shares of Mastercard Inc (NYSE:MA) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,077 shares of the credit services provider’s stock after selling 278 shares during the period. Hennessy Advisors Inc.’s holdings in Mastercard were worth $3,134,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Criterion Capital Management LLC grew its holdings in Mastercard by 16.8% during the second quarter. Criterion Capital Management LLC now owns 171,179 shares of the credit services provider’s stock worth $33,640,000 after acquiring an additional 24,634 shares during the period. Richard Bernstein Advisors LLC grew its holdings in Mastercard by 3.5% during the second quarter. Richard Bernstein Advisors LLC now owns 81,090 shares of the credit services provider’s stock worth $15,936,000 after acquiring an additional 2,757 shares during the period. Pennsylvania Trust Co grew its holdings in Mastercard by 2.0% during the third quarter. Pennsylvania Trust Co now owns 95,380 shares of the credit services provider’s stock worth $21,232,000 after acquiring an additional 1,880 shares during the period. Montag A & Associates Inc. acquired a new position in Mastercard during the second quarter worth about $724,000. Finally, Merit Financial Group LLC acquired a new position in Mastercard during the second quarter worth about $477,000. 74.36% of the stock is currently owned by hedge funds and other institutional investors.
MA has been the topic of a number of analyst reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $237.00 price target on shares of Mastercard in a research note on Friday, July 27th. Sandler O’Neill reissued a “hold” rating and issued a $209.00 price target on shares of Mastercard in a research note on Friday, July 27th. Buckingham Research lifted their price target on Mastercard from $194.00 to $222.00 and gave the stock a “buy” rating in a research note on Tuesday, June 26th. JPMorgan Chase & Co. lifted their price target on Mastercard from $202.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. Finally, KeyCorp reissued an “overweight” rating and issued a $230.00 price target (up previously from $200.00) on shares of Mastercard in a research note on Thursday, July 26th. Three analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $215.12.
NYSE:MA opened at $204.22 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.51 and a current ratio of 1.51. Mastercard Inc has a fifty-two week low of $140.61 and a fifty-two week high of $225.35. The stock has a market cap of $231.17 billion, a price-to-earnings ratio of 44.59, a price-to-earnings-growth ratio of 1.83 and a beta of 1.16.
Mastercard (NYSE:MA) last released its earnings results on Thursday, July 26th. The credit services provider reported $1.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.13. Mastercard had a return on equity of 103.82% and a net margin of 33.81%. The company had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the previous year, the business posted $1.10 EPS. The business’s revenue for the quarter was up 20.0% on a year-over-year basis. As a group, equities analysts forecast that Mastercard Inc will post 6.41 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Tuesday, October 9th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, October 5th. This represents a $1.00 annualized dividend and a yield of 0.49%. Mastercard’s dividend payout ratio (DPR) is presently 21.83%.
In other news, CFO Martina Hundmejean sold 69,817 shares of Mastercard stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $200.35, for a total transaction of $13,987,835.95. Following the completion of the sale, the chief financial officer now directly owns 128,905 shares in the company, valued at approximately $25,826,116.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.32% of the company’s stock.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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