M. Kraus & Co grew its position in Mastercard Incorporated (NYSE:MA – Get Rating) by 3.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,645 shares of the credit services provider’s stock after acquiring an additional 53 shares during the quarter. M. Kraus & Co’s holdings in Mastercard were worth $519,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Foster & Motley Inc. increased its position in shares of Mastercard by 2.9% in the first quarter. Foster & Motley Inc. now owns 965 shares of the credit services provider’s stock valued at $345,000 after acquiring an additional 27 shares during the last quarter. Hexagon Capital Partners LLC increased its position in Mastercard by 2.5% during the first quarter. Hexagon Capital Partners LLC now owns 1,191 shares of the credit services provider’s stock worth $426,000 after buying an additional 29 shares during the last quarter. Atlantic Union Bankshares Corp increased its position in Mastercard by 4.4% during the first quarter. Atlantic Union Bankshares Corp now owns 706 shares of the credit services provider’s stock worth $253,000 after buying an additional 30 shares during the last quarter. SlateStone Wealth LLC increased its position in Mastercard by 1.0% during the first quarter. SlateStone Wealth LLC now owns 2,980 shares of the credit services provider’s stock worth $1,065,000 after buying an additional 30 shares during the last quarter. Finally, Rosenberg Matthew Hamilton increased its position in Mastercard by 15.2% during the first quarter. Rosenberg Matthew Hamilton now owns 235 shares of the credit services provider’s stock worth $84,000 after buying an additional 31 shares during the last quarter. 75.10% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Mastercard
In other Mastercard news, CFO J. Mehra Sachin sold 5,000 shares of the firm’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $360.00, for a total value of $1,800,000.00. Following the completion of the transaction, the chief financial officer now directly owns 15,723 shares of the company’s stock, valued at approximately $5,660,280. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.29% of the company’s stock.
Mastercard Stock Performance
Mastercard (NYSE:MA – Get Rating) last released its quarterly earnings data on Thursday, July 28th. The credit services provider reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.20. Mastercard had a net margin of 46.49% and a return on equity of 143.35%. The business had revenue of $5.50 billion during the quarter, compared to analyst estimates of $5.26 billion. During the same period in the previous year, the business earned $1.95 EPS. Mastercard’s revenue was up 21.5% compared to the same quarter last year. Research analysts predict that Mastercard Incorporated will post 10.63 earnings per share for the current fiscal year.
Mastercard Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 9th. Shareholders of record on Friday, October 7th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Thursday, October 6th. Mastercard’s payout ratio is 19.86%.
Analyst Ratings Changes
MA has been the topic of a number of recent analyst reports. Piper Sandler lowered their price target on Mastercard from $357.00 to $298.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 6th. Tigress Financial restated a “buy” rating and set a $472.00 price objective on shares of Mastercard in a report on Friday, July 15th. Morgan Stanley boosted their price objective on Mastercard from $452.00 to $457.00 and gave the stock an “overweight” rating in a report on Friday, July 29th. Macquarie cut their price target on Mastercard from $440.00 to $410.00 in a research note on Friday, July 29th. Finally, BMO Capital Markets boosted their price target on Mastercard from $402.00 to $422.00 in a research note on Monday, August 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $414.09.
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 other payment-related products and services.
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