Coastline Trust Co lifted its holdings in shares of Mastercard Inc (NYSE:MA) by 2.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 14,550 shares of the credit services provider’s stock after acquiring an additional 350 shares during the period. Coastline Trust Co’s holdings in Mastercard were worth $3,239,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in MA. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Mastercard during the 2nd quarter worth about $109,000. Fort L.P. bought a new position in Mastercard during the 2nd quarter valued at about $120,000. Carroll Financial Associates Inc. lifted its holdings in Mastercard by 87.2% during the 2nd quarter. Carroll Financial Associates Inc. now owns 644 shares of the credit services provider’s stock valued at $126,000 after purchasing an additional 300 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Mastercard during the 2nd quarter valued at about $131,000. Finally, Financial Gravity Wealth Inc. bought a new position in Mastercard during the 1st quarter valued at about $133,000. 74.36% of the stock is owned by institutional investors.
In other Mastercard news, CFO Martina Hundmejean sold 69,817 shares of the business’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $200.35, for a total value of $13,987,835.95. Following the completion of the transaction, the chief financial officer now directly owns 128,905 shares of the company’s stock, valued at $25,826,116.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.32% of the company’s stock.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 26th. The credit services provider reported $1.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.13. Mastercard had a net margin of 33.81% and a return on equity of 103.82%. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the firm posted $1.10 earnings per share. The company’s revenue was up 20.0% on a year-over-year basis. On average, equities research analysts anticipate that Mastercard Inc will post 6.41 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Tuesday, October 9th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Friday, October 5th. Mastercard’s dividend payout ratio is presently 21.83%.
Several brokerages recently issued reports on MA. Zacks Investment Research downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Oppenheimer lifted their price target on shares of Mastercard from $197.00 to $215.00 and gave the company an “outperform” rating in a report on Tuesday, July 17th. Morgan Stanley lifted their price target on shares of Mastercard from $224.00 to $228.00 and gave the company an “overweight” rating in a report on Friday, July 27th. KeyCorp reissued an “overweight” rating and set a $230.00 price target (up from $200.00) on shares of Mastercard in a report on Thursday, July 26th. Finally, Wells Fargo & Co lifted their price target on shares of Mastercard from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Monday, October 1st. Three equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $218.86.
Mastercard Company Profile
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 related products and services.
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