Gateway Advisory LLC purchased a new position in shares of Mastercard Incorporated (NYSE:MA – Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 521 shares of the credit services provider’s stock, valued at approximately $205,000.
A number of other hedge funds also recently bought and sold shares of the business. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Mastercard by 98,203.6% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 825,436,694 shares of the credit services provider’s stock valued at $324,644,252,000 after purchasing an additional 824,597,013 shares during the last quarter. State Street Corp raised its position in shares of Mastercard by 3.9% during the 1st quarter. State Street Corp now owns 34,759,814 shares of the credit services provider’s stock valued at $12,632,032,000 after buying an additional 1,303,477 shares during the period. Geode Capital Management LLC lifted its holdings in Mastercard by 0.4% in the first quarter. Geode Capital Management LLC now owns 16,368,594 shares of the credit services provider’s stock valued at $5,936,110,000 after acquiring an additional 62,380 shares during the last quarter. Morgan Stanley grew its position in Mastercard by 17.7% in the fourth quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock worth $5,509,328,000 after acquiring an additional 2,385,640 shares during the period. Finally, Norges Bank acquired a new stake in Mastercard during the fourth quarter worth $3,308,223,000. Institutional investors and hedge funds own 74.94% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. Susquehanna increased their price target on Mastercard from $433.00 to $486.00 and gave the stock a “positive” rating in a report on Friday, July 28th. Seaport Res Ptn reiterated a “buy” rating on shares of Mastercard in a research report on Thursday, October 12th. Robert W. Baird upped their price objective on shares of Mastercard from $435.00 to $450.00 in a report on Friday, July 28th. Mizuho lowered their price objective on shares of Mastercard from $435.00 to $420.00 and set a “buy” rating for the company in a research report on Tuesday, October 31st. Finally, Truist Financial boosted their target price on Mastercard from $450.00 to $475.00 and gave the company a “buy” rating in a research report on Monday, September 25th. Two equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and an average price target of $450.09.
Insider Buying and Selling at Mastercard
In other news, insider Hai Ling sold 3,324 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $405.23, for a total transaction of $1,346,984.52. Following the completion of the sale, the insider now owns 27,546 shares in the company, valued at approximately $11,162,465.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Foundation Mastercard sold 125,816 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $377.45, for a total transaction of $47,489,249.20. Following the transaction, the insider now owns 98,424,221 shares in the company, valued at approximately $37,150,222,216.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Hai Ling sold 3,324 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $405.23, for a total value of $1,346,984.52. Following the completion of the sale, the insider now owns 27,546 shares of the company’s stock, valued at approximately $11,162,465.58. The disclosure for this sale can be found here. Insiders have sold 533,424 shares of company stock worth $206,051,295 over the last three months. Insiders own 0.13% of the company’s stock.
Mastercard Stock Up 0.8 %
Shares of MA traded up $3.20 during midday trading on Friday, reaching $400.30. The stock had a trading volume of 2,365,689 shares, compared to its average volume of 2,838,711. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.17 and a quick ratio of 1.17. The company’s fifty day simple moving average is $395.21 and its two-hundred day simple moving average is $391.54. The company has a market cap of $375.39 billion, a price-to-earnings ratio of 34.87, a PEG ratio of 1.79 and a beta of 1.08. Mastercard Incorporated has a 1-year low of $336.43 and a 1-year high of $418.60.
Mastercard (NYSE:MA – Get Free Report) last announced its quarterly earnings results on Thursday, October 26th. The credit services provider reported $3.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.21 by $0.18. The company had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.53 billion. Mastercard had a return on equity of 188.83% and a net margin of 44.85%. Mastercard’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.68 EPS. Equities research analysts expect that Mastercard Incorporated will post 12.16 earnings per share for the current year.
Mastercard Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Monday, October 9th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Thursday, October 5th. Mastercard’s dividend payout ratio (DPR) is 19.86%.
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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