Atom Investors LP trimmed its stake in Mastercard Inc (NYSE:MA) by 48.6% during the second quarter, HoldingsChannel.com reports. The fund owned 55,022 shares of the credit services provider’s stock after selling 51,939 shares during the period. Mastercard makes up approximately 1.1% of Atom Investors LP’s holdings, making the stock its 11th biggest position. Atom Investors LP’s holdings in Mastercard were worth $16,270,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently made changes to their positions in the company. Pacific Center for Financial Services grew its holdings in shares of Mastercard by 582.4% during the first quarter. Pacific Center for Financial Services now owns 116 shares of the credit services provider’s stock valued at $28,000 after buying an additional 99 shares in the last quarter. Lion Street Advisors LLC acquired a new position in Mastercard in the 1st quarter valued at approximately $39,000. Royal Fund Management LLC acquired a new position in Mastercard in the 1st quarter valued at approximately $40,000. Evolution Wealth Advisors LLC lifted its position in Mastercard by 530.4% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 145 shares of the credit services provider’s stock worth $43,000 after buying an additional 122 shares in the last quarter. Finally, Stuart Chaussee & Associates Inc. boosted its stake in shares of Mastercard by 585.2% during the 1st quarter. Stuart Chaussee & Associates Inc. now owns 185 shares of the credit services provider’s stock valued at $45,000 after buying an additional 158 shares during the period. 73.72% of the stock is currently owned by institutional investors.
Several analysts recently issued reports on the company. Jefferies Financial Group reiterated a “hold” rating and set a $305.00 price objective on shares of Mastercard in a report on Tuesday, August 11th. Citigroup raised their price target on Mastercard from $317.00 to $344.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Wells Fargo & Co boosted their price target on Mastercard from $325.00 to $335.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Bank of America increased their price objective on Mastercard from $324.00 to $358.00 and gave the stock a “neutral” rating in a report on Thursday, August 27th. Finally, Compass Point lifted their target price on shares of Mastercard from $330.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Six investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $341.38.
NYSE:MA traded down $8.83 during trading hours on Friday, hitting $335.01. 6,568,952 shares of the company traded hands, compared to its average volume of 3,502,594. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.92. Mastercard Inc has a twelve month low of $199.99 and a twelve month high of $367.25. The firm has a 50-day moving average of $327.10 and a 200 day moving average of $293.82. The stock has a market capitalization of $335.37 billion, a price-to-earnings ratio of 46.34, a P/E/G ratio of 2.79 and a beta of 1.11.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 30th. The credit services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.21. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.26 billion. Mastercard had a net margin of 45.12% and a return on equity of 129.52%. The business’s revenue was down 19.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.89 EPS. Equities research analysts predict that Mastercard Inc will post 6.62 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Thursday, July 9th were issued a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, July 8th. This represents a $1.60 annualized dividend and a yield of 0.48%. Mastercard’s dividend payout ratio (DPR) is 20.59%.
In other news, insider Kevin Stanton sold 29,117 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $340.21, for a total transaction of $9,905,894.57. Following the completion of the transaction, the insider now directly owns 28,122 shares of the company’s stock, valued at approximately $9,567,385.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Fraccaro sold 3,458 shares of Mastercard stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $350.00, for a total transaction of $1,210,300.00. Following the sale, the insider now owns 5,147 shares in the company, valued at $1,801,450. The disclosure for this sale can be found here. Insiders sold a total of 1,052,367 shares of company stock valued at $320,098,053 in the last quarter. Corporate insiders own 3.79% of the company’s stock.
Mastercard Company Profile
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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