Fusion Family Wealth LLC maintained its stake in Mastercard Incorporated (NYSE:MA) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,204 shares of the credit services provider’s stock at the end of the 2nd quarter. Fusion Family Wealth LLC’s holdings in Mastercard were worth $146,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Lincoln National Corp lifted its holdings in Mastercard by 2.7% during the 2nd quarter. Lincoln National Corp now owns 6,146 shares of the credit services provider’s stock valued at $746,000 after buying an additional 161 shares in the last quarter. MUFG Americas Holdings Corp raised its holdings in shares of Mastercard by 4.6% in the 2nd quarter. MUFG Americas Holdings Corp now owns 92,218 shares of the credit services provider’s stock valued at $11,200,000 after purchasing an additional 4,026 shares in the last quarter. Welch Group LLC raised its holdings in shares of Mastercard by 10.2% in the 2nd quarter. Welch Group LLC now owns 1,790 shares of the credit services provider’s stock valued at $217,000 after purchasing an additional 165 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Mastercard by 1.2% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,751,254 shares of the credit services provider’s stock valued at $334,140,000 after purchasing an additional 32,136 shares in the last quarter. Finally, Cobblestone Capital Advisors LLC NY raised its holdings in shares of Mastercard by 41.1% in the 2nd quarter. Cobblestone Capital Advisors LLC NY now owns 4,001 shares of the credit services provider’s stock valued at $486,000 after purchasing an additional 1,165 shares in the last quarter. Institutional investors own 76.01% of the company’s stock.
Shares of Mastercard Incorporated (NYSE MA) opened at 146.19 on Thursday. The stock has a market cap of $155.68 billion, a P/E ratio of 36.28 and a beta of 1.18. Mastercard Incorporated has a 52-week low of $99.51 and a 52-week high of $148.45. The firm’s 50-day moving average is $141.10 and its 200 day moving average is $127.29.
Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, topping 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 company had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter last year, the company earned $0.96 earnings per share. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. Analysts forecast that Mastercard Incorporated will post $4.44 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, October 6th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a yield of 0.60%. Mastercard’s payout ratio is currently 21.78%.
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MA has been the subject of several recent research reports. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $145.00 price target on shares of Mastercard in a report on Friday, September 8th. Deutsche Bank AG restated a “buy” rating and issued a $150.00 price target (up previously from $124.00) on shares of Mastercard in a report on Monday, July 10th. Nomura boosted their price target on shares of Mastercard from $153.00 to $163.00 and gave the company a “buy” rating in a report on Friday, September 8th. Susquehanna Bancshares Inc restated a “positive” rating and issued a $158.00 price target (up previously from $149.00) on shares of Mastercard in a report on Friday, September 8th. Finally, Guggenheim upgraded shares of Mastercard from a “neutral” rating to a “buy” rating and boosted their price target for the company from $135.00 to $153.00 in a report on Monday, September 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $148.54.
In other Mastercard 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 transaction of $11,824,777.53. Following the sale, the chief financial officer now owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The transaction was disclosed in a filing with the SEC, 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 Friday, July 28th. The stock was sold at an average price of $129.42, for a total transaction of $11,339,521.56. Following the sale, the insider now directly owns 112,473,827 shares in the company, valued at approximately $14,556,362,690.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 641,820 shares of company stock worth $83,385,957. 0.30% of the stock is owned by corporate insiders.
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.
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