Argent Capital Management LLC lowered its stake in shares of Mastercard Inc (NYSE:MA) by 7.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 369,334 shares of the credit services provider’s stock after selling 30,370 shares during the period. Mastercard comprises 3.7% of Argent Capital Management LLC’s portfolio, making the stock its 3rd largest holding. Argent Capital Management LLC’s holdings in Mastercard were worth $97,700,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in MA. Polen Capital Management LLC boosted its holdings in Mastercard by 65.9% during the second quarter. Polen Capital Management LLC now owns 4,392,067 shares of the credit services provider’s stock worth $1,161,833,000 after buying an additional 1,744,262 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Mastercard by 50.9% in the second quarter. Invesco Ltd. now owns 5,016,084 shares of the credit services provider’s stock valued at $1,326,906,000 after purchasing an additional 1,691,911 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Mastercard by 12.5% in the second quarter. JPMorgan Chase & Co. now owns 13,943,219 shares of the credit services provider’s stock valued at $3,640,576,000 after purchasing an additional 1,548,776 shares in the last quarter. Thoroughbred Financial Services LLC lifted its holdings in shares of Mastercard by 26,075.5% in the second quarter. Thoroughbred Financial Services LLC now owns 1,285,481 shares of the credit services provider’s stock valued at $128,548,000 after purchasing an additional 1,280,570 shares in the last quarter. Finally, Putnam Investments LLC lifted its holdings in shares of Mastercard by 1,440.8% in the second quarter. Putnam Investments LLC now owns 955,348 shares of the credit services provider’s stock valued at $252,719,000 after purchasing an additional 893,346 shares in the last quarter. 74.25% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Lance Darrell Gordon Uggla acquired 1,500 shares of Mastercard stock in a transaction on Thursday, August 1st. The shares were purchased at an average cost of $275.71 per share, for a total transaction of $413,565.00. Following the purchase, the director now directly owns 3,691 shares of the company’s stock, valued at approximately $1,017,645.61. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 15,900 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $265.31, for a total transaction of $4,218,429.00. Following the transaction, the insider now owns 112,070,462 shares in the company, valued at $29,733,414,273.22. The disclosure for this sale can be found here. Insiders sold 148,457 shares of company stock valued at $40,747,113 over the last 90 days. Insiders own 3.70% of the company’s stock.
MA stock traded down $4.74 on Friday, hitting $271.17. 5,096,509 shares of the company were exchanged, compared to its average volume of 3,441,065. Mastercard Inc has a twelve month low of $171.89 and a twelve month high of $293.69. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.49. The business’s fifty day moving average is $276.14 and its two-hundred day moving average is $257.89. The stock has a market capitalization of $279.93 billion, a price-to-earnings ratio of 41.78, a price-to-earnings-growth ratio of 2.29 and a beta of 1.08.
Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.07. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. The company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the prior year, the business earned $1.66 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. Equities research analysts expect that Mastercard Inc will post 7.61 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Tuesday, October 8th. Mastercard’s payout ratio is currently 20.34%.
MA has been the topic of several recent research reports. Citigroup upped their price target on shares of Mastercard from $288.00 to $317.00 and gave the company a “buy” rating in a report on Monday, September 9th. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a report on Friday, September 13th. UBS Group upped their price target on shares of Mastercard from $300.00 to $312.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Wells Fargo & Co upped their price target on shares of Mastercard from $285.00 to $305.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. Finally, Wedbush upped their price target on shares of Mastercard from $261.00 to $287.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. Two research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $299.09.
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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