Duncker Streett & Co. Inc. decreased its stake in Mastercard Incorporated (NYSE:MA) by 2.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,916 shares of the credit services provider’s stock after selling 960 shares during the period. Mastercard comprises about 3.0% of Duncker Streett & Co. Inc.’s investment portfolio, making the stock its biggest position. Duncker Streett & Co. Inc.’s holdings in Mastercard were worth $15,992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also added to or reduced their stakes in MA. Veracity Capital LLC boosted its holdings in Mastercard by 1.1% in the first quarter. Veracity Capital LLC now owns 2,658 shares of the credit services provider’s stock valued at $947,000 after purchasing an additional 28 shares in the last quarter. Washington Trust Bank lifted its stake in Mastercard by 0.3% in the first quarter. Washington Trust Bank now owns 9,936 shares of the credit services provider’s stock valued at $3,537,000 after buying an additional 28 shares during the last quarter. Boenning & Scattergood Inc. lifted its stake in Mastercard by 1.1% in the first quarter. Boenning & Scattergood Inc. now owns 2,501 shares of the credit services provider’s stock valued at $890,000 after buying an additional 28 shares during the last quarter. Arbor Wealth Management LLC raised its stake in shares of Mastercard by 0.3% during the first quarter. Arbor Wealth Management LLC now owns 9,430 shares of the credit services provider’s stock worth $3,358,000 after purchasing an additional 29 shares during the last quarter. Finally, Bigelow Investment Advisors LLC raised its stake in shares of Mastercard by 1.3% during the fourth quarter. Bigelow Investment Advisors LLC now owns 2,394 shares of the credit services provider’s stock worth $855,000 after purchasing an additional 30 shares during the last quarter. 73.64% of the stock is currently owned by institutional investors.
In other news, major shareholder Foundation Mastercard sold 57,198 shares of Mastercard stock in a transaction on Friday, February 5th. The shares were sold at an average price of $340.55, for a total transaction of $19,478,778.90. Following the completion of the sale, the insider now directly owns 108,382,229 shares of the company’s stock, valued at approximately $36,909,568,085.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gilberto Caldart sold 7,528 shares of Mastercard stock in a transaction on Thursday, February 4th. The stock was sold at an average price of $340.00, for a total transaction of $2,559,520.00. Following the sale, the insider now directly owns 9,100 shares of the company’s stock, valued at $3,094,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 511,123 shares of company stock valued at $172,961,649. 3.79% of the stock is owned by insiders.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, April 29th. The credit services provider reported $1.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.19. The firm had revenue of $4.20 billion during the quarter, compared to analyst estimates of $3.97 billion. Mastercard had a net margin of 43.13% and a return on equity of 114.80%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $1.83 EPS. On average, sell-side analysts predict that Mastercard Incorporated will post 6.31 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 7th. Investors of record on Friday, April 9th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Thursday, April 8th. Mastercard’s dividend payout ratio (DPR) is presently 22.65%.
A number of brokerages recently weighed in on MA. Jefferies Financial Group upped their price objective on Mastercard from $440.00 to $450.00 and gave the stock a “buy” rating in a report on Friday. Robert W. Baird reaffirmed a “buy” rating on shares of Mastercard in a research note on Sunday, February 28th. Deutsche Bank Aktiengesellschaft increased their price objective on Mastercard from $383.00 to $420.00 and gave the company a “buy” rating in a research note on Thursday, January 14th. Barclays increased their target price on Mastercard from $402.00 to $440.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Sanford C. Bernstein assumed coverage on Mastercard in a research report on Wednesday, January 27th. They set an “outperform” rating and a $380.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $382.26.
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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