PFS Investments Inc. grew its position in shares of Mastercard Incorporated (NYSE:MA – Get Rating) by 8.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 13,648 shares of the credit services provider’s stock after purchasing an additional 1,027 shares during the quarter. PFS Investments Inc.’s holdings in Mastercard were worth $4,877,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Mastercard by 8.4% during the 1st quarter. Vanguard Group Inc. now owns 76,021,301 shares of the credit services provider’s stock valued at $27,168,493,000 after purchasing an additional 5,868,493 shares during the period. State Street Corp boosted its stake in shares of Mastercard by 4.4% during the 4th quarter. State Street Corp now owns 35,528,530 shares of the credit services provider’s stock worth $12,766,111,000 after acquiring an additional 1,511,927 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Mastercard by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 15,148,167 shares of the credit services provider’s stock worth $5,429,311,000 after acquiring an additional 421,767 shares in the last quarter. Capital International Investors boosted its stake in shares of Mastercard by 8.5% during the 4th quarter. Capital International Investors now owns 14,789,616 shares of the credit services provider’s stock worth $5,314,216,000 after acquiring an additional 1,160,809 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Mastercard during the 4th quarter worth $3,107,220,000. 75.10% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Mastercard
In other Mastercard news, CFO J. Mehra Sachin sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $360.00, for a total transaction of $1,800,000.00. Following the transaction, the chief financial officer now directly owns 15,723 shares in the company, valued at $5,660,280. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.29% of the company’s stock.
Mastercard Price Performance
Mastercard (NYSE:MA – Get Rating) last released its quarterly earnings data on Thursday, July 28th. The credit services provider reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.20. The firm had revenue of $5.50 billion during the quarter, compared to analysts’ expectations of $5.26 billion. Mastercard had a return on equity of 143.35% and a net margin of 46.49%. The business’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.95 earnings per share. Analysts forecast that Mastercard Incorporated will post 10.65 EPS for the current fiscal year.
Mastercard Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 9th. Shareholders of record on Friday, July 8th were issued a dividend of $0.49 per share. The ex-dividend date was Thursday, July 7th. This represents a $1.96 annualized dividend and a yield of 0.58%. Mastercard’s dividend payout ratio (DPR) is currently 19.86%.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on MA. Wolfe Research reduced their price objective on Mastercard from $465.00 to $415.00 in a research note on Wednesday, July 20th. Daiwa Capital Markets lowered Mastercard from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $385.00 to $375.00 in a research note on Tuesday, August 16th. Morgan Stanley raised their price objective on Mastercard from $452.00 to $457.00 and gave the stock an “overweight” rating in a research note on Friday, July 29th. Piper Sandler reduced their price objective on Mastercard from $357.00 to $298.00 and set an “underweight” rating for the company in a research note on Wednesday, July 6th. Finally, BMO Capital Markets raised their target price on Mastercard from $402.00 to $422.00 in a research report on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $414.09.
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 other payment-related products and services.
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