Bristol John W & Co. Inc. NY lessened its holdings in Mastercard Inc (NYSE:MA) by 1.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 640,427 shares of the credit services provider’s stock after selling 9,599 shares during the quarter. Mastercard accounts for about 3.8% of Bristol John W & Co. Inc. NY’s holdings, making the stock its 2nd biggest position. Bristol John W & Co. Inc. NY’s holdings in Mastercard were worth $142,565,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in MA. Principal Financial Group Inc. raised its holdings in Mastercard by 4.3% in the 1st quarter. Principal Financial Group Inc. now owns 2,569,086 shares of the credit services provider’s stock valued at $450,002,000 after buying an additional 105,160 shares during the last quarter. MANA Advisors LLC bought a new position in Mastercard in the 1st quarter valued at approximately $420,000. The Manufacturers Life Insurance Company raised its holdings in Mastercard by 2.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 2,476,139 shares of the credit services provider’s stock valued at $433,721,000 after buying an additional 53,146 shares during the last quarter. Ostrum Asset Management raised its holdings in Mastercard by 112.3% in the 1st quarter. Ostrum Asset Management now owns 250,458 shares of the credit services provider’s stock valued at $43,871,000 after buying an additional 132,472 shares during the last quarter. Finally, NS Partners Ltd raised its holdings in Mastercard by 28.8% in the 1st quarter. NS Partners Ltd now owns 97,198 shares of the credit services provider’s stock valued at $17,025,000 after buying an additional 21,706 shares during the last quarter. 74.36% of the stock is currently owned by institutional investors.
Several research analysts have issued reports on MA shares. Buckingham Research raised their price target on shares of Mastercard from $194.00 to $222.00 and gave the stock a “buy” rating in a report on Tuesday, June 26th. Zacks Investment Research lowered shares of Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Wells Fargo & Co raised their price target on shares of Mastercard from $211.00 to $227.00 and gave the stock an “outperform” rating in a report on Thursday, July 12th. Oppenheimer raised their price target on shares of Mastercard from $197.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday, July 17th. Finally, Wolfe Research started coverage on shares of Mastercard in a report on Tuesday, July 17th. They set an “outperform” rating for the company. Three investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the stock. Mastercard presently has a consensus rating of “Buy” and a consensus price target of $216.94.
Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 26th. The credit services provider reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.13. The company had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.65 billion. Mastercard had a net margin of 33.81% and a return on equity of 103.82%. Mastercard’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.10 EPS. Analysts forecast that Mastercard Inc will post 6.41 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 9th. Stockholders of record on Tuesday, October 9th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 5th. This represents a $1.00 annualized dividend and a dividend yield of 0.50%. Mastercard’s dividend payout ratio is currently 21.83%.
In other news, CFO Martina Hundmejean sold 69,817 shares of Mastercard stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $200.35, for a total value of $13,987,835.95. Following the completion of the sale, the chief financial officer now owns 128,905 shares in the company, valued at approximately $25,826,116.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.32% 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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