Manitou Investment Management Ltd. lowered its position in shares of Mastercard Inc (NYSE:MA) by 0.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,853 shares of the credit services provider’s stock after selling 267 shares during the period. Mastercard comprises about 2.7% of Manitou Investment Management Ltd.’s holdings, making the stock its 16th largest position. Manitou Investment Management Ltd.’s holdings in Mastercard were worth $11,366,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cox Capital Mgt LLC raised its holdings in Mastercard by 3.0% in the 2nd quarter. Cox Capital Mgt LLC now owns 10,534 shares of the credit services provider’s stock worth $2,787,000 after acquiring an additional 310 shares during the period. Park National Corp OH increased its holdings in shares of Mastercard by 16.5% during the 2nd quarter. Park National Corp OH now owns 1,510 shares of the credit services provider’s stock worth $399,000 after purchasing an additional 214 shares during the period. South Texas Money Management Ltd. increased its holdings in shares of Mastercard by 3.0% during the 2nd quarter. South Texas Money Management Ltd. now owns 2,163 shares of the credit services provider’s stock worth $572,000 after purchasing an additional 63 shares during the period. Winfield Associates Inc. bought a new position in shares of Mastercard during the 2nd quarter worth about $143,000. Finally, Foundations Investment Advisors LLC increased its holdings in shares of Mastercard by 13.3% during the 2nd quarter. Foundations Investment Advisors LLC now owns 6,811 shares of the credit services provider’s stock worth $1,860,000 after purchasing an additional 801 shares during the period. Institutional investors and hedge funds own 74.21% of the company’s stock.
In other Mastercard news, Director Richard K. Davis purchased 1,735 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average cost of $270.09 per share, with a total value of $468,606.15. Following the completion of the purchase, the director now directly owns 6,031 shares in the company, valued at approximately $1,628,912.79. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 15,890 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $272.06, for a total transaction of $4,323,033.40. Following the sale, the insider now directly owns 112,030,712 shares of the company’s stock, valued at $30,479,075,506.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,080 shares of company stock valued at $27,149,356. 3.70% of the stock is currently owned by insiders.
Shares of MA traded up $2.10 on Friday, reaching $274.89. 2,200,430 shares of the company’s stock were exchanged, compared to its average volume of 3,524,577. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $272.92 billion, a P/E ratio of 42.36, a price-to-earnings-growth ratio of 2.19 and a beta of 1.04. The business has a 50 day moving average price of $272.40 and a two-hundred day moving average price of $267.53. Mastercard Inc has a 12 month low of $171.89 and a 12 month high of $293.69.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $2.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.01 by $0.14. The business had revenue of $4.47 billion during the quarter, compared to the consensus estimate of $4.41 billion. Mastercard had a net margin of 42.50% and a return on equity of 146.92%. Mastercard’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.78 earnings per share. Equities research analysts predict that Mastercard Inc will post 7.69 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Tuesday, October 8th. Mastercard’s dividend payout ratio (DPR) is 20.34%.
MA has been the topic of several recent research reports. Citigroup lifted their target price on shares of Mastercard from $288.00 to $317.00 and gave the company a “buy” rating in a research report on Monday, September 9th. William Blair restated an “outperform” rating on shares of Mastercard in a research report on Friday, September 13th. Goldman Sachs Group restated a “buy” rating on shares of Mastercard in a research report on Tuesday, September 3rd. Susquehanna Bancshares boosted their price target on shares of Mastercard from $293.00 to $320.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, UBS Group boosted their price target on shares of Mastercard from $300.00 to $312.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $303.45.
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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