Grandfield & Dodd LLC lowered its position in shares of Mastercard Inc (NYSE:MA) by 6.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,154 shares of the credit services provider’s stock after selling 800 shares during the quarter. Grandfield & Dodd LLC’s holdings in Mastercard were worth $2,706,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in MA. FMR LLC boosted its stake in Mastercard by 6.0% during the second quarter. FMR LLC now owns 39,120,141 shares of the credit services provider’s stock valued at $7,687,891,000 after buying an additional 2,229,947 shares in the last quarter. Cornerstone Wealth Management LLC boosted its stake in Mastercard by 19,937.5% during the second quarter. Cornerstone Wealth Management LLC now owns 1,324,080 shares of the credit services provider’s stock valued at $6,699,000 after buying an additional 1,317,472 shares in the last quarter. Jennison Associates LLC boosted its stake in Mastercard by 4.7% during the second quarter. Jennison Associates LLC now owns 14,330,021 shares of the credit services provider’s stock valued at $2,816,136,000 after buying an additional 646,937 shares in the last quarter. BlackRock Inc. boosted its stake in Mastercard by 0.7% during the second quarter. BlackRock Inc. now owns 65,030,203 shares of the credit services provider’s stock valued at $12,779,736,000 after buying an additional 452,200 shares in the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd boosted its stake in Mastercard by 45.6% during the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,428,465 shares of the credit services provider’s stock valued at $317,990,000 after buying an additional 447,615 shares in the last quarter. 74.43% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently weighed in on the company. Morgan Stanley raised their target price on Mastercard from $224.00 to $228.00 and gave the company an “overweight” rating in a research note on Friday, July 27th. Oppenheimer raised their target price on Mastercard from $197.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, July 17th. KeyCorp reiterated an “overweight” rating and issued a $230.00 price target (up previously from $200.00) on shares of Mastercard in a research report on Thursday, July 26th. Wells Fargo & Co increased their price target on Mastercard from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Monday, October 1st. Finally, Sandler O’Neill reiterated a “hold” rating and issued a $209.00 price target on shares of Mastercard in a research 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 assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $219.24.
Shares of Mastercard stock opened at $205.62 on Friday. The stock has a market capitalization of $216.25 billion, a P/E ratio of 34.25, a price-to-earnings-growth ratio of 1.78 and a beta of 1.22. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.55 and a quick ratio of 1.55. Mastercard Inc has a 1 year low of $140.61 and a 1 year high of $225.35.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.10. The firm had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.86 billion. Mastercard had a return on equity of 114.58% and a net margin of 35.88%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.34 EPS. On average, research analysts forecast that Mastercard Inc will post 6.43 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Tuesday, October 9th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.49%. The ex-dividend date was Friday, October 5th. Mastercard’s dividend payout ratio is currently 21.83%.
In other Mastercard news, Director Richard K. Davis acquired 2,475 shares of Mastercard stock in a transaction that occurred on Friday, November 2nd. The stock was purchased at an average cost of $196.37 per share, with a total value of $486,015.75. Following the purchase, the director now owns 3,468 shares in the company, valued at $681,011.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.32% of the stock is currently owned by corporate insiders.
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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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