Sound View Wealth Advisors Group LLC boosted its position in Mastercard Inc (NYSE:MA) by 5.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,042 shares of the credit services provider’s stock after purchasing an additional 57 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in Mastercard were worth $308,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of MA. Campbell Newman Asset Management Inc. raised its stake in shares of Mastercard by 2.6% in the 2nd quarter. Campbell Newman Asset Management Inc. now owns 41,974 shares of the credit services provider’s stock worth $12,412,000 after buying an additional 1,047 shares in the last quarter. Kovack Advisors Inc. grew its holdings in Mastercard by 9.7% during the first quarter. Kovack Advisors Inc. now owns 6,104 shares of the credit services provider’s stock worth $1,474,000 after acquiring an additional 541 shares during the period. Bellevue Asset Management LLC raised its position in Mastercard by 66.7% in the first quarter. Bellevue Asset Management LLC now owns 750 shares of the credit services provider’s stock worth $197,000 after acquiring an additional 300 shares in the last quarter. Balyasny Asset Management LLC acquired a new stake in Mastercard in the 1st quarter valued at about $4,851,000. Finally, Vident Investment Advisory LLC lifted its holdings in Mastercard by 55.2% in the 2nd quarter. Vident Investment Advisory LLC now owns 4,190 shares of the credit services provider’s stock valued at $1,239,000 after acquiring an additional 1,490 shares during the last quarter. 73.87% of the stock is owned by hedge funds and other institutional investors.
In other Mastercard news, insider Michael Fraccaro sold 6,913 shares of Mastercard stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $327.50, for a total transaction of $2,264,007.50. Following the completion of the transaction, the insider now directly owns 7,938 shares of the company’s stock, valued at $2,599,695. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 68,670 shares of the business’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $289.87, for a total transaction of $19,905,372.90. Following the completion of the sale, the insider now owns 110,826,524 shares in the company, valued at approximately $32,125,284,511.88. The disclosure for this sale can be found here. Insiders sold 1,024,022 shares of company stock valued at $310,267,693 over the last 90 days. 3.79% of the stock is currently owned by corporate insiders.
A number of equities research analysts have recently commented on MA shares. Barclays increased their price objective on Mastercard from $335.00 to $360.00 and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. boosted their price target on shares of Mastercard from $315.00 to $369.00 and gave the company an “overweight” rating in a report on Monday. Royal Bank of Canada reissued a “buy” rating and issued a $370.00 price target on shares of Mastercard in a research note on Thursday, June 25th. Wells Fargo & Co upped their price objective on shares of Mastercard from $325.00 to $335.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Finally, Nomura restated a “buy” rating and set a $334.00 target price on shares of Mastercard in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. Mastercard currently has a consensus rating of “Buy” and an average target price of $336.24.
Shares of NYSE MA traded up $2.07 during mid-day trading on Thursday, hitting $334.47. The company had a trading volume of 104,376 shares, compared to its average volume of 3,459,389. Mastercard Inc has a 12 month low of $199.99 and a 12 month high of $347.25. The firm has a market cap of $331.35 billion, a P/E ratio of 46.24, a PEG ratio of 2.88 and a beta of 1.06. The business’s 50-day simple moving average is $310.95 and its 200-day simple moving average is $292.03. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.95 and a quick ratio of 1.95.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 30th. The credit services provider reported $1.36 EPS for the quarter, beating the consensus estimate of $1.15 by $0.21. Mastercard had a return on equity of 129.52% and a net margin of 45.12%. The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the prior year, the firm posted $1.89 EPS. The company’s revenue for the quarter was down 19.8% on a year-over-year basis. As a group, sell-side analysts predict that Mastercard Inc will post 6.58 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Thursday, July 9th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Wednesday, July 8th. Mastercard’s dividend payout ratio is presently 20.59%.
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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