Wendell David Associates Inc. lessened its holdings in shares of Mastercard Inc (NYSE:MA) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 156,353 shares of the credit services provider’s stock after selling 1,703 shares during the quarter. Mastercard makes up approximately 5.4% of Wendell David Associates Inc.’s portfolio, making the stock its largest holding. Wendell David Associates Inc.’s holdings in Mastercard were worth $34,806,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Fulton Bank N.A. raised its position in shares of Mastercard by 2.0% in the third quarter. Fulton Bank N.A. now owns 11,893 shares of the credit services provider’s stock valued at $2,648,000 after purchasing an additional 235 shares during the period. Harvest Fund Management Co. Ltd raised its position in shares of Mastercard by 8.8% in the second quarter. Harvest Fund Management Co. Ltd now owns 3,213 shares of the credit services provider’s stock valued at $631,000 after purchasing an additional 259 shares during the period. Price Wealth Management Inc. raised its position in shares of Mastercard by 3.9% in the second quarter. Price Wealth Management Inc. now owns 7,067 shares of the credit services provider’s stock valued at $1,389,000 after purchasing an additional 267 shares during the period. Raymond James Trust N.A. raised its position in shares of Mastercard by 1.9% in the second quarter. Raymond James Trust N.A. now owns 14,154 shares of the credit services provider’s stock valued at $2,782,000 after purchasing an additional 268 shares during the period. Finally, Baxter Bros Inc. raised its position in shares of Mastercard by 1.2% in the third quarter. Baxter Bros Inc. now owns 23,002 shares of the credit services provider’s stock valued at $5,120,000 after purchasing an additional 280 shares during the period. 74.36% of the stock is currently owned by hedge funds and other institutional investors.
In other Mastercard news, CFO Martina Hundmejean sold 69,817 shares of Mastercard stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $200.35, for a total transaction of $13,987,835.95. Following the sale, the chief financial officer now owns 128,905 shares in the company, valued at $25,826,116.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.32% of the stock is owned by insiders.
MA opened at $204.22 on Friday. Mastercard Inc has a fifty-two week low of $140.61 and a fifty-two week high of $225.35. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.51 and a current ratio of 1.51. The firm has a market cap of $231.17 billion, a price-to-earnings ratio of 44.59, a price-to-earnings-growth ratio of 1.83 and a beta of 1.16.
Mastercard (NYSE:MA) last posted its quarterly 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 firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the previous year, the company earned $1.10 earnings per share. The business’s revenue was up 20.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Mastercard Inc will post 6.41 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Tuesday, October 9th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, October 5th. This represents a $1.00 dividend on an annualized basis and a yield of 0.49%. Mastercard’s dividend payout ratio is currently 21.83%.
MA has been the topic of a number of recent analyst reports. Buckingham Research lifted their price target on shares of Mastercard from $194.00 to $222.00 and gave the company a “buy” rating in a research report on Tuesday, June 26th. Zacks Investment Research downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. Wells Fargo & Co raised their price objective on shares of Mastercard from $211.00 to $227.00 and gave the stock an “outperform” rating in a research note on Thursday, July 12th. Oppenheimer raised their price objective on shares of Mastercard from $197.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 17th. Finally, Wolfe Research began coverage on shares of Mastercard in a research note on Tuesday, July 17th. They issued an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $215.12.
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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