Mastercard Incorporated (MA) Shares Sold by BlackRock Inc.

BlackRock Inc. trimmed its position in Mastercard Incorporated (NYSE:MA) by 0.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 60,089,672 shares of the credit services provider’s stock after selling 17,899 shares during the period. BlackRock Inc. owned 5.64% of Mastercard worth $7,297,891,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in MA. HL Financial Services LLC raised its position in Mastercard by 26.5% during the 1st quarter. HL Financial Services LLC now owns 15,215 shares of the credit services provider’s stock worth $1,711,000 after purchasing an additional 3,183 shares during the last quarter. Mogy Joel R Investment Counsel Inc. raised its position in Mastercard by 1.7% during the 1st quarter. Mogy Joel R Investment Counsel Inc. now owns 41,495 shares of the credit services provider’s stock worth $4,667,000 after purchasing an additional 675 shares during the last quarter. Schwartz Investment Counsel Inc. raised its position in Mastercard by 6.9% during the 1st quarter. Schwartz Investment Counsel Inc. now owns 127,600 shares of the credit services provider’s stock worth $14,351,000 after purchasing an additional 8,200 shares during the last quarter. Carret Asset Management LLC raised its position in Mastercard by 1.2% during the 1st quarter. Carret Asset Management LLC now owns 17,260 shares of the credit services provider’s stock worth $1,941,000 after purchasing an additional 200 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. raised its position in Mastercard by 3.0% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 3,496 shares of the credit services provider’s stock worth $393,000 after purchasing an additional 101 shares during the last quarter. Institutional investors own 76.21% of the company’s stock.

Shares of Mastercard Incorporated (NYSE MA) opened at $149.54 on Monday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83. Mastercard Incorporated has a 1-year low of $99.51 and a 1-year high of $152.00. The stock has a market cap of $158,312.31, a price-to-earnings ratio of 34.70, a price-to-earnings-growth ratio of 1.99 and a beta of 1.21.

Mastercard (NYSE:MA) last issued its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The business had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the previous year, the firm posted $1.08 EPS. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. equities research analysts forecast that Mastercard Incorporated will post 4.54 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Friday, October 6th were issued a dividend of $0.22 per share. The ex-dividend date was Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a yield of 0.59%. Mastercard’s payout ratio is 20.47%.

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In other news, insider Michael Fraccaro sold 5,800 shares of the business’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $147.59, for a total transaction of $856,022.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Craig Vosburg sold 14,200 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the transaction, the insider now owns 40,646 shares of the company’s stock, valued at $5,766,041.56. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock worth $3,582,984 in the last three months. Insiders own 0.30% of the company’s stock.

MA has been the subject of several research analyst reports. Instinet reissued a “buy” rating and issued a $163.00 price objective (up from $153.00) on shares of Mastercard in a research report on Saturday, September 9th. KeyCorp reissued a “buy” rating and issued a $165.00 price objective on shares of Mastercard in a research report on Wednesday, October 18th. BMO Capital Markets reissued an “outperform” rating and issued a $174.00 price objective (up from $157.00) on shares of Mastercard in a research report on Wednesday, November 1st. Piper Jaffray Companies reissued a “buy” rating and issued a $161.00 price objective on shares of Mastercard in a research report on Friday, October 13th. Finally, Susquehanna Bancshares Inc restated a “positive” rating and issued a $158.00 target price (up from $149.00) on shares of Mastercard in a research note on Friday, September 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $157.68.

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.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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