Appleton Partners Inc. MA boosted its holdings in Mastercard Incorporated (NYSE:MA) by 54.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,311 shares of the credit services provider’s stock after purchasing an additional 3,275 shares during the quarter. Appleton Partners Inc. MA’s holdings in Mastercard were worth $1,131,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of MA. Vanguard Group Inc. raised its stake in Mastercard by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock worth $7,176,378,000 after purchasing an additional 1,814,116 shares in the last quarter. Clearbridge Investments LLC raised its stake in Mastercard by 22,644.6% in the 1st quarter. Clearbridge Investments LLC now owns 1,685,146 shares of the credit services provider’s stock worth $189,528,000 after purchasing an additional 1,677,737 shares in the last quarter. Swiss National Bank raised its stake in Mastercard by 24.6% in the 1st quarter. Swiss National Bank now owns 3,660,220 shares of the credit services provider’s stock worth $411,665,000 after purchasing an additional 722,600 shares in the last quarter. TCW Group Inc. raised its stake in Mastercard by 1,000.9% in the 1st quarter. TCW Group Inc. now owns 783,757 shares of the credit services provider’s stock worth $88,149,000 after purchasing an additional 712,562 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its stake in Mastercard by 24.8% in the 1st quarter. OppenheimerFunds Inc. now owns 3,584,158 shares of the credit services provider’s stock worth $403,111,000 after purchasing an additional 711,542 shares in the last quarter. Institutional investors and hedge funds own 76.04% of the company’s stock.
In other news, CFO Martina Hundmejean sold 91,107 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total value of $11,824,777.53. Following the transaction, the chief financial officer now owns 170,570 shares in the company, valued at $22,138,280.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 87,618 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $126.60, for a total transaction of $11,092,438.80. Following the completion of the transaction, the insider now owns 112,736,681 shares in the company, valued at approximately $14,272,463,814.60. The disclosure for this sale can be found here. Insiders sold 850,468 shares of company stock worth $109,574,694 in the last 90 days. Company insiders own 0.30% of the company’s stock.
Several brokerages have weighed in on MA. BidaskClub upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Guggenheim raised shares of Mastercard from a “neutral” rating to a “buy” rating and raised their target price for the company from $135.00 to $153.00 in a report on Monday, September 11th. Citigroup Inc. raised their target price on shares of Mastercard from $123.00 to $140.00 and gave the company a “buy” rating in a report on Monday, June 19th. BMO Capital Markets raised their target price on shares of Mastercard from $126.00 to $137.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Finally, Barclays PLC raised their target price on shares of Mastercard from $142.00 to $148.00 and gave the company an “overweight” rating in a report on Friday, September 8th. One equities 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’s stock. The company currently has an average rating of “Buy” and a consensus price target of $139.55.
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Mastercard Incorporated (MA) traded up 0.151% during midday trading on Wednesday, reaching $142.705. 1,046,537 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $133.90 and a 200-day moving average of $122.62. The stock has a market cap of $151.97 billion, a PE ratio of 35.411 and a beta of 1.18. Mastercard Incorporated has a 12 month low of $99.51 and a 12 month high of $143.59.
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 analysts’ consensus estimates of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The business had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same period last year, the business earned $0.96 earnings per share. The business’s quarterly revenue was up 13.3% on a year-over-year basis. On average, equities research analysts predict that Mastercard Incorporated will post $4.43 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Friday, October 6th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.62%. Mastercard’s dividend payout ratio is 21.78%.
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.
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