2 weeks Ago By Defense World Staff
3Chopt Investment Partners LLC bought a new stake in Mastercard Incorporated ( NYSE:MA – Free Report ) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,899 shares of the credit services provider’s stock, valued at approximately $1,279,000. A number of other large investors also recently bought and sold shares of MA.
Swedbank AB acquired a new position in Mastercard during the first quarter valued at approximately $660,652,000. PineStone Asset Management Inc. boosted its position in Mastercard by 145.
6% during the 2nd quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock worth $784,148,000 after purchasing an additional 1,053,616 shares during the period.
Vanguard Group Inc. raised its position in Mastercard by 1.0% in the fourth quarter.
Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock valued at $32,096,470,000 after purchasing an additional 742,076 shares during the period. Capital International Investors lifted its stake in shares of Mastercard by 3.
3% during the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock worth $8,974,478,000 after purchasing an additional 676,452 shares in the last quarter. Finally, Capital Research Global Investors raised its holdings in shares of Mastercard by 4.
7% during the 4th quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock valued at $5,803,956,000 after buying an additional 605,909 shares during the period. Hedge funds and other institutional investors own 97.
28% of the company’s stock. Analysts Set New Price Targets A number of research analysts have recently commented on MA shares. Citigroup boosted their target price on shares of Mastercard from $528.
00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.
00 target price on the stock. in a research report on Tuesday, September 3rd. KeyCorp boosted their price target on Mastercard from $490.
00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Evercore ISI lowered their price objective on Mastercard from $540.
00 to $525.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Finally, Bank of America upped their target price on Mastercard from $480.
00 to $509.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Five equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the stock.
According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $513.70.
Mastercard Price Performance Shares of NYSE MA opened at $493.80 on Tuesday. Mastercard Incorporated has a twelve month low of $359.
77 and a twelve month high of $501.80. The company has a current ratio of 1.
14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95.
The firm has a 50-day moving average of $471.70 and a two-hundred day moving average of $461.86.
The company has a market capitalization of $459.04 billion, a price-to-earnings ratio of 39.25, a PEG ratio of 1.
96 and a beta of 1.10. Mastercard ( NYSE:MA – Get Free Report ) last released its earnings results on Wednesday, July 31st.
The credit services provider reported $3.59 EPS for the quarter, beating the consensus estimate of $3.51 by $0.
08. The business had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.
85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.
78%. As a group, analysts expect that Mastercard Incorporated will post 14.29 earnings per share for the current fiscal year.
Mastercard Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share.
This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.53%.
The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.
Insider Activity In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.
00, for a total transaction of $6,114,745.00. Following the sale, the chief financial officer now owns 27,304 shares in the company, valued at approximately $12,423,320.
The transaction was disclosed in a filing with the SEC, which is available through this link . In other news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction on Monday, August 5th.
The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00.
Following the transaction, the chief financial officer now owns 27,304 shares in the company, valued at $12,423,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link . Also, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction dated Friday, August 16th.
The stock was sold at an average price of $468.46, for a total value of $55,746,740.00.
Following the completion of the sale, the insider now directly owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. The disclosure for this sale can be found here .
Insiders sold a total of 340,809 shares of company stock valued at $159,610,703 over the last three months. Insiders own 0.10% of the company’s stock.
Mastercard Profile ( Free Report ) Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions. Read More Five stocks we like better than Mastercard How to Calculate Inflation Rate TJX Stock: A Buying Opportunity Before the Holiday Rush Ride Out The Recession With These Dividend Kings Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge Want to Profit on the Downtrend? Downtrends, Explained.
Zeta Global’s AI Cloud: Your Secret Weapon for Massive Growth Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter ..
