Robecosam AG reduced its position in shares of Mastercard Inc (NYSE:MA) by 5.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,048 shares of the credit services provider’s stock after selling 2,697 shares during the period. Robecosam AG’s holdings in Mastercard were worth $13,739,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Joseph P. Lucia & Associates LLC bought a new stake in Mastercard in the 2nd quarter valued at $26,000. Ellevest Inc. boosted its holdings in Mastercard by 52.8% in the 2nd quarter. Ellevest Inc. now owns 110 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 38 shares during the period. Evolution Wealth Advisors LLC bought a new stake in Mastercard in the 2nd quarter valued at $31,000. Delphi Private Advisors LLC bought a new stake in Mastercard in the 2nd quarter valued at $31,000. Finally, Princeton Global Asset Management LLC bought a new stake in Mastercard in the 2nd quarter valued at $33,000. 74.32% of the stock is owned by institutional investors and hedge funds.
A number of analysts have weighed in on the stock. Nomura increased their price target on shares of Mastercard from $282.00 to $324.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a report on Tuesday, September 3rd. Barclays raised their price objective on shares of Mastercard from $310.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Morgan Stanley raised their price objective on shares of Mastercard from $291.00 to $315.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Finally, Credit Suisse Group set a $292.00 price objective on shares of Mastercard and gave the stock a “buy” rating in a report on Tuesday, September 10th. Three research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $299.09.
Mastercard (NYSE:MA) last announced its earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.07. The business had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the company posted $1.66 EPS. Sell-side analysts forecast that Mastercard Inc will post 7.61 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Tuesday, October 8th. Mastercard’s dividend payout ratio (DPR) is currently 20.34%.
In other news, Director Richard K. Davis bought 1,735 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average price of $270.09 per share, for a total transaction of $468,606.15. Following the transaction, the director now directly owns 6,031 shares of the company’s stock, valued at approximately $1,628,912.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Foundation Mastercard sold 7,950 shares of the stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $277.47, for a total transaction of $2,205,886.50. Following the sale, the insider now owns 112,149,962 shares of the company’s stock, valued at approximately $31,118,249,956.14. The disclosure for this sale can be found here. Insiders have sold a total of 139,327 shares of company stock valued at $38,323,022 in the last quarter. 3.70% of the stock is currently owned by corporate insiders.
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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