Eukles Asset Management reduced its position in shares of Mastercard Inc (NYSE:MA) by 0.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,699 shares of the credit services provider’s stock after selling 98 shares during the quarter. Mastercard comprises 3.4% of Eukles Asset Management’s holdings, making the stock its 3rd biggest position. Eukles Asset Management’s holdings in Mastercard were worth $3,888,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in MA. Joseph P. Lucia & Associates LLC bought a new stake in shares of Mastercard in the 2nd quarter valued at about $26,000. Delphi Private Advisors LLC bought a new stake in shares of Mastercard in the 2nd quarter valued at about $31,000. Evolution Wealth Advisors LLC acquired a new position in shares of Mastercard in the 2nd quarter valued at approximately $31,000. Valley National Advisers Inc. grew its position in shares of Mastercard by 210.9% in the 4th quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock valued at $27,000 after purchasing an additional 97 shares during the period. Finally, Field & Main Bank acquired a new position in shares of Mastercard in the 1st quarter valued at approximately $38,000. 74.25% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on the company. BMO Capital Markets set a $328.00 price objective on Mastercard and gave the company a “buy” rating in a research report on Wednesday, July 31st. Wedbush boosted their price objective on Mastercard from $261.00 to $287.00 and gave the company an “outperform” rating in a research report on Thursday, June 13th. Argus boosted their price objective on Mastercard to $320.00 and gave the company an “average” rating in a research report on Wednesday, July 31st. Raymond James boosted their price objective on Mastercard from $300.00 to $308.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, Susquehanna Bancshares boosted their price objective on Mastercard from $293.00 to $320.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $291.80.
Mastercard (NYSE:MA) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.07. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the firm posted $1.66 EPS. The business’s revenue was up 12.2% on a year-over-year basis. Analysts forecast that Mastercard Inc will post 7.61 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Monday, July 8th. Mastercard’s dividend payout ratio (DPR) is currently 20.34%.
In other news, major shareholder Foundation Mastercard sold 15,890 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $272.06, for a total value of $4,323,033.40. Following the completion of the sale, the insider now owns 112,030,712 shares of the company’s stock, valued at approximately $30,479,075,506.72. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman Ann Cairns sold 51,850 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $259.80, for a total value of $13,470,630.00. Following the completion of the sale, the insider now directly owns 134,120 shares of the company’s stock, valued at approximately $34,844,376. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 201,511 shares of company stock valued at $54,471,508. Insiders own 3.70% of the company’s stock.
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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