SRS Capital Advisors Inc. increased its stake in Mastercard Incorporated (NYSE:MA) by 22.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,737 shares of the credit services provider’s stock after buying an additional 499 shares during the period. SRS Capital Advisors Inc.’s holdings in Mastercard were worth $307,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Integrated Investment Consultants LLC increased its stake in Mastercard by 260.0% in the first quarter. Integrated Investment Consultants LLC now owns 900 shares of the credit services provider’s stock worth $101,000 after buying an additional 650 shares during the last quarter. Lipe & Dalton purchased a new stake in Mastercard during the first quarter valued at $101,000. Kistler Tiffany Companies LLC boosted its stake in Mastercard by 10.9% in the first quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock valued at $115,000 after buying an additional 100 shares during the period. First Bank & Trust boosted its stake in Mastercard by 14.5% in the first quarter. First Bank & Trust now owns 1,300 shares of the credit services provider’s stock valued at $146,000 after buying an additional 165 shares during the period. Finally, Tarbox Group Inc. boosted its stake in Mastercard by 323.8% in the first quarter. Tarbox Group Inc. now owns 1,352 shares of the credit services provider’s stock valued at $152,000 after buying an additional 1,033 shares during the period. Hedge funds and other institutional investors own 75.99% of the company’s stock.
Mastercard Incorporated (NYSE MA) traded up 0.20% during mid-day trading on Friday, reaching $131.14. 3,167,271 shares of the company traded hands. Mastercard Incorporated has a 52-week low of $94.95 and a 52-week high of $132.63. The company has a market capitalization of $139.65 billion, a P/E ratio of 32.54 and a beta of 1.17. The stock has a 50 day moving average price of $127.74 and a 200-day moving average price of $118.27.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The business had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the prior year, the business earned $0.96 EPS. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. Analysts expect that Mastercard Incorporated will post $4.40 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Friday, July 7th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Wednesday, July 5th. Mastercard’s dividend payout ratio is 21.78%.
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A number of research firms recently weighed in on MA. BidaskClub cut shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Cowen and Company reissued an “outperform” rating and issued a $137.00 price target (up previously from $129.00) on shares of Mastercard in a research report on Sunday, July 30th. BMO Capital Markets raised their price target on shares of Mastercard from $126.00 to $137.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Loop Capital raised their price target on shares of Mastercard from $132.00 to $144.00 and gave the company a “positive” rating in a research report on Friday, July 28th. They noted that the move was a valuation call. Finally, Jefferies Group LLC restated a “buy” rating and issued a $147.00 price objective (up from $140.00) on shares of Mastercard in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $128.20.
In other news, CFO Martina Hundmejean sold 91,107 shares of the stock in a transaction on Wednesday, August 2nd. The stock was 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 directly owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 29,206 shares of the stock in a transaction 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 sale, the insider now directly owns 112,473,827 shares in the company, valued at $14,658,713,872.91. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 850,468 shares of company stock worth $109,574,694. Insiders own 0.30% of the company’s stock.
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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