Today, Appleton Partners Inc. MA Increases Position in MasterCard Inc. (MA)

Today, Appleton Partners Inc. MA Increases Position in MasterCard Inc. (MA)

Appleton Partners Inc. MA increased its position in shares of MasterCard Inc. (NYSE:MA) by 54.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,240 shares of the company’s stock after buying an additional 3,275 shares during the period. Appleton Partners Inc. MA’s holdings in MasterCard were worth $940,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Chevy Chase Trust Holdings Inc. raised its position in MasterCard by 0.3% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 868,922 shares of the company’s stock worth $76,517,000 after buying an additional 2,939 shares during the period. Exxonmobil Investment Management Inc. TX increased its stake in shares of MasterCard by 5.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 251,292 shares of the company’s stock worth $22,129,000 after buying an additional 12,556 shares in the last quarter. Patten & Patten Inc. TN increased its stake in shares of MasterCard by 2.5% in the second quarter. Patten & Patten Inc. TN now owns 7,565 shares of the company’s stock worth $666,000 after buying an additional 185 shares in the last quarter. Baxter Bros Inc. purchased a new stake in shares of MasterCard during the second quarter worth about $742,000. Finally, Osborn Rohs Williams & Donohoe Ltd increased its stake in shares of MasterCard by 35.3% in the second quarter. Osborn Rohs Williams & Donohoe Ltd now owns 11,775 shares of the company’s stock worth $1,037,000 after buying an additional 3,075 shares in the last quarter. 75.02% of the stock is currently owned by hedge funds and other institutional investors.

MasterCard Inc. (NYSE:MA) traded up 1.12% on Friday, reaching $105.73. 1,566,890 shares of the company’s stock were exchanged. MasterCard Inc. has a 1-year low of $78.52 and a 1-year high of $108.93. The firm has a market capitalization of $115.20 billion, a price-to-earnings ratio of 29.23 and a beta of 1.22. The stock’s 50 day moving average price is $103.56 and its 200 day moving average price is $97.69.

MasterCard (NYSE:MA) last released its quarterly earnings results on Friday, October 28th. The company reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.10. The business earned $2.88 billion during the quarter, compared to analyst estimates of $2.74 billion. MasterCard had a net margin of 38.11% and a return on equity of 69.11%. The business’s revenue was up 14.6% on a year-over-year basis. During the same period last year, the business earned $0.91 EPS. On average, analysts expect that MasterCard Inc. will post $3.75 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 9th. Investors of record on Monday, October 10th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Wednesday, October 5th. MasterCard’s payout ratio is 20.99%.

MA has been the subject of a number of recent analyst reports. Citigroup Inc. raised their price target on shares of MasterCard from $106.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Jefferies Group restated a “buy” rating and set a $112.00 price target on shares of MasterCard in a report on Thursday, September 8th. Nomura raised their price target on shares of MasterCard from $109.00 to $113.00 and gave the stock a “buy” rating in a report on Thursday, September 8th. Pacific Crest set a $110.00 price target on shares of MasterCard and gave the stock a “buy” rating in a report on Wednesday, September 14th. Finally, Zacks Investment Research upgraded shares of MasterCard from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a report on Wednesday, September 28th. Eight analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $110.90.

In other MasterCard news, major shareholder Foundation Mastercard sold 72,624 shares of the stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $103.03, for a total transaction of $7,482,450.72. Following the transaction, the insider now directly owns 114,592,747 shares in the company, valued at approximately $11,806,490,723.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Reeg sold 6,000 shares of the stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $104.81, for a total transaction of $628,860.00. Following the transaction, the insider now owns 47,501 shares in the company, valued at $4,978,579.81. The disclosure for this sale can be found here. Corporate insiders own 3.14% of the company’s stock.

MasterCard Company Profile

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.

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