Mandatum Life Insurance Co Ltd reduced its position in shares of Mastercard Incorporated (NYSE:MA) by 6.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 31,284 shares of the credit services provider’s stock after selling 2,100 shares during the period. Mastercard makes up 0.5% of Mandatum Life Insurance Co Ltd’s investment portfolio, making the stock its 18th largest position. Mandatum Life Insurance Co Ltd’s holdings in Mastercard were worth $3,799,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in MA. Vanguard Group Inc. boosted its stake in shares of Mastercard by 2.9% in the first quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock worth $7,176,378,000 after buying an additional 1,814,116 shares during the period. State Street Corp boosted its stake in shares of Mastercard by 0.4% in the first quarter. State Street Corp now owns 37,454,824 shares of the credit services provider’s stock valued at $4,212,546,000 after buying an additional 140,515 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Mastercard by 6.2% in the first quarter. Ameriprise Financial Inc. now owns 10,168,300 shares of the credit services provider’s stock valued at $1,143,636,000 after buying an additional 591,427 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Mastercard by 1.4% in the first quarter. Canada Pension Plan Investment Board now owns 8,409,658 shares of the credit services provider’s stock valued at $945,834,000 after buying an additional 114,900 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Mastercard during the fourth quarter valued at approximately $857,217,000. Hedge funds and other institutional investors own 75.99% of the company’s stock.
Mastercard Incorporated (MA) traded up 0.20% during mid-day trading on Friday, hitting $131.14. The stock had a trading volume of 3,167,271 shares. The stock has a market cap of $139.65 billion, a PE ratio of 32.54 and a beta of 1.17. The firm’s 50-day moving average price is $127.47 and its 200-day moving average price is $118.12. Mastercard Incorporated has a 1-year low of $94.41 and a 1-year high of $132.63.
Mastercard (NYSE:MA) last released its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.06. The company had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. Mastercard’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 earnings per share. On average, equities analysts expect that Mastercard Incorporated will post $4.40 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Wednesday, July 5th. Mastercard’s dividend payout ratio is presently 21.78%.
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Several equities analysts have recently issued reports on MA shares. BidaskClub lowered Mastercard from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Deutsche Bank AG reaffirmed a “buy” rating and set a $124.00 price target on shares of Mastercard in a research note on Thursday, May 25th. Instinet upped their price target on Mastercard from $133.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday, May 4th. Citigroup Inc. upped their price target on Mastercard from $123.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, June 19th. Finally, Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $136.00 target price on the stock in a research note on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Mastercard currently has an average rating of “Buy” and a consensus target price of $128.20.
In other news, major shareholder Foundation Mastercard sold 29,206 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $130.33, for a total value of $3,806,417.98. Following the completion of the transaction, the insider now directly owns 112,473,827 shares of the company’s stock, valued at $14,658,713,872.91. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Martina Hundmejean sold 91,107 shares of the company’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 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 850,468 shares of company stock valued at $109,574,694. 0.30% of the stock is currently owned by corporate insiders.
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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