First Long Island Investors LLC lessened its holdings in Mastercard Inc (NYSE:MA) by 4.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,122 shares of the credit services provider’s stock after selling 2,500 shares during the quarter. First Long Island Investors LLC’s holdings in Mastercard were worth $11,380,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Mastercard in the second quarter worth about $109,000. Fort L.P. purchased a new stake in Mastercard in the second quarter worth about $120,000. Carroll Financial Associates Inc. grew its holdings in Mastercard by 87.2% in the second quarter. Carroll Financial Associates Inc. now owns 644 shares of the credit services provider’s stock worth $126,000 after purchasing an additional 300 shares during the period. Bogart Wealth LLC grew its holdings in Mastercard by 434.7% in the third quarter. Bogart Wealth LLC now owns 663 shares of the credit services provider’s stock worth $148,000 after purchasing an additional 539 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new stake in Mastercard in the second quarter worth about $131,000. Institutional investors and hedge funds own 74.43% of the company’s stock.
In related news, Director Richard K. Davis bought 2,475 shares of the company’s stock in a transaction that occurred on Friday, November 2nd. The shares were bought at an average price of $196.37 per share, for a total transaction of $486,015.75. Following the completion of the acquisition, the director now owns 3,468 shares of the company’s stock, valued at approximately $681,011.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.32% of the company’s stock.
NYSE:MA opened at $205.62 on Friday. Mastercard Inc has a 52 week low of $140.61 and a 52 week high of $225.35. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market cap of $216.25 billion, a PE ratio of 34.25, a PEG ratio of 1.78 and a beta of 1.22.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Tuesday, October 30th. The credit services provider reported $1.78 EPS for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.10. Mastercard had a net margin of 35.88% and a return on equity of 114.58%. The firm had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $3.86 billion. During the same quarter in the prior year, the company posted $1.34 earnings per share. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, equities analysts predict that Mastercard Inc will post 6.43 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Tuesday, October 9th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Friday, October 5th. Mastercard’s dividend payout ratio is currently 21.83%.
A number of brokerages have weighed in on MA. Morgan Stanley upped their price objective on shares of Mastercard from $224.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, July 27th. Oppenheimer upped their price objective on shares of Mastercard from $197.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday, July 17th. KeyCorp restated an “overweight” rating and issued a $230.00 price objective (up previously from $200.00) on shares of Mastercard in a report on Thursday, July 26th. Wells Fargo & Co upped their price objective on shares of Mastercard from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Monday, October 1st. Finally, Sandler O’Neill restated a “hold” rating and issued a $209.00 price objective on shares of Mastercard in a report on Friday, July 27th. Three investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $219.24.
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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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