Capital Investment Advisors LLC grew its holdings in shares of Mastercard Inc (NYSE:MA) by 3.3% in the 1st quarter, Holdings Channel reports. The firm owned 2,627 shares of the credit services provider’s stock after acquiring an additional 84 shares during the period. Capital Investment Advisors LLC’s holdings in Mastercard were worth $619,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Kentucky Retirement Systems acquired a new stake in Mastercard during the 3rd quarter worth about $7,141,000. Nordea Investment Management AB raised its holdings in Mastercard by 5.7% during the 3rd quarter. Nordea Investment Management AB now owns 1,491,878 shares of the credit services provider’s stock worth $332,105,000 after buying an additional 80,564 shares during the period. B. Riley Wealth Management Inc. acquired a new stake in Mastercard during the 3rd quarter worth about $208,000. Northwest Quadrant Wealth Management LLC acquired a new stake in Mastercard during the 3rd quarter worth about $456,000. Finally, Vestor Capital LLC raised its holdings in Mastercard by 9.9% during the 3rd quarter. Vestor Capital LLC now owns 47,279 shares of the credit services provider’s stock worth $10,525,000 after buying an additional 4,250 shares during the period. Hedge funds and other institutional investors own 75.58% of the company’s stock.
In related news, insider Craig Vosburg sold 7,650 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $238.24, for a total value of $1,822,536.00. Following the completion of the sale, the insider now directly owns 28,729 shares in the company, valued at approximately $6,844,396.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Timothy H. Murphy sold 60,428 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $230.31, for a total value of $13,917,172.68. Following the completion of the sale, the general counsel now owns 46,331 shares of the company’s stock, valued at $10,670,492.61. The disclosure for this sale can be found here. In the last three months, insiders sold 128,930 shares of company stock valued at $30,323,319. 0.32% of the stock is currently owned by company insiders.
Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, January 31st. The credit services provider reported $1.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.03. The business had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Mastercard had a return on equity of 122.25% and a net margin of 39.19%. As a group, equities analysts forecast that Mastercard Inc will post 7.57 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be paid a $0.33 dividend. The ex-dividend date is Monday, April 8th. This represents a $1.32 annualized dividend and a dividend yield of 0.54%. Mastercard’s payout ratio is 20.34%.
Several equities analysts have weighed in on the company. Wells Fargo & Co lifted their target price on Mastercard from $238.00 to $270.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Zacks Investment Research reaffirmed a “buy” rating and set a $205.00 target price on shares of Mastercard in a research note on Monday, December 31st. Bank of America cut Mastercard from a “buy” rating to a “neutral” rating and lowered their target price for the company from $230.00 to $207.00 in a research note on Tuesday, January 8th. Nomura lifted their target price on Mastercard to $252.00 and gave the company a “buy” rating in a research note on Wednesday, February 20th. Finally, Oppenheimer lifted their target price on Mastercard from $242.00 to $259.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Three research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Mastercard has a consensus rating of “Buy” and a consensus target price of $234.96.
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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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