Baker Boyer National Bank reduced its position in shares of Mastercard Incorporated (NYSE:MA) by 34.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,833 shares of the credit services provider’s stock after selling 947 shares during the period. Baker Boyer National Bank’s holdings in Mastercard were worth $223,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in MA. Cookson Peirce & Co. Inc. boosted its position in shares of Mastercard by 1.2% in the 1st quarter. Cookson Peirce & Co. Inc. now owns 13,441 shares of the credit services provider’s stock valued at $1,512,000 after purchasing an additional 160 shares during the period. Adviser Investments LLC acquired a new position in shares of Mastercard in the 1st quarter valued at $727,000. Linscomb & Williams Inc. boosted its position in shares of Mastercard by 5.7% in the 1st quarter. Linscomb & Williams Inc. now owns 11,223 shares of the credit services provider’s stock valued at $1,262,000 after purchasing an additional 603 shares during the period. Birch Hill Investment Advisors LLC boosted its position in shares of Mastercard by 4.2% in the 1st quarter. Birch Hill Investment Advisors LLC now owns 86,245 shares of the credit services provider’s stock valued at $9,700,000 after purchasing an additional 3,495 shares during the period. Finally, Norinchukin Bank The boosted its position in shares of Mastercard by 3.2% in the 1st quarter. Norinchukin Bank The now owns 109,481 shares of the credit services provider’s stock valued at $12,313,000 after purchasing an additional 3,420 shares during the period. 76.10% of the stock is currently owned by hedge funds and other institutional investors.
Mastercard Incorporated (MA) traded up 0.08% during midday trading on Friday, hitting $141.58. The stock had a trading volume of 6,152,491 shares. The firm has a market cap of $150.77 billion, a P/E ratio of 35.13 and a beta of 1.18. The stock has a 50-day moving average of $133.09 and a 200-day moving average of $122.02. Mastercard Incorporated has a 52 week low of $99.42 and a 52 week high of $143.52.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The firm had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same period in the prior year, the firm posted $0.96 earnings per share. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. Analysts forecast that Mastercard Incorporated will post $4.43 EPS for the current fiscal year.
MA has been the subject of a number of recent analyst reports. Morgan Stanley increased their price target on Mastercard from $124.00 to $131.00 and gave the company an “overweight” rating in a research report on Tuesday, May 30th. Deutsche Bank AG reiterated a “buy” rating and issued a $150.00 price target (up previously from $124.00) on shares of Mastercard in a research report on Monday, July 10th. Citigroup Inc. increased their price target on Mastercard from $123.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, June 19th. Credit Suisse Group reiterated a “buy” rating and issued a $125.00 price target on shares of Mastercard in a research report on Friday, July 7th. Finally, Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a research report on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $138.43.
In related news, CFO Martina Hundmejean sold 91,107 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the completion of the transaction, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 87,618 shares of the stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $126.60, for a total value of $11,092,438.80. Following the transaction, the insider now directly owns 112,736,681 shares of the company’s stock, valued at $14,272,463,814.60. The disclosure for this sale can be found here. Insiders have sold 850,468 shares of company stock valued at $109,574,694 over the last three months. Insiders own 0.30% of the company’s stock.
Mastercard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
Receive News & Ratings for Mastercard Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.