Dynamic Advisors Solutions LLC cut its stake in shares of MasterCard Inc. (NYSE:MA) by 2.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 9,256 shares of the company’s stock after selling 195 shares during the period. Dynamic Advisors Solutions LLC’s holdings in MasterCard were worth $942,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MA. Bank of Montreal Can acquired a new position in shares of MasterCard during the second quarter valued at approximately $217,521,000. Emerald Acquisition Ltd. acquired a new position in shares of MasterCard during the second quarter valued at approximately $212,422,000. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of MasterCard by 44.1% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,667,510 shares of the company’s stock valued at $322,961,000 after buying an additional 1,122,500 shares in the last quarter. Carmignac Gestion boosted its position in shares of MasterCard by 21.2% in the second quarter. Carmignac Gestion now owns 5,993,989 shares of the company’s stock valued at $527,831,000 after buying an additional 1,047,867 shares in the last quarter. Finally, BlackRock Group LTD boosted its position in shares of MasterCard by 10.8% in the second quarter. BlackRock Group LTD now owns 10,031,237 shares of the company’s stock valued at $883,352,000 after buying an additional 977,812 shares in the last quarter. 75.02% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MasterCard Inc. (NYSE:MA) traded up 1.12% during trading on Friday, hitting $105.73. 1,566,890 shares of the stock were exchanged. The stock’s 50 day moving average price is $103.67 and its 200 day moving average price is $97.75. MasterCard Inc. has a 52 week low of $78.52 and a 52 week 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.
MasterCard (NYSE:MA) last posted its quarterly earnings results on Friday, October 28th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.10. MasterCard had a net margin of 38.11% and a return on equity of 69.11%. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same quarter in the previous year, the firm posted $0.91 earnings per share. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. On average, equities analysts predict that MasterCard Inc. will post $3.75 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 9th. Stockholders of record on Monday, October 10th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Wednesday, October 5th. MasterCard’s dividend payout ratio (DPR) is currently 20.99%.
MA has been the topic of several recent research reports. Jefferies Group reaffirmed a “buy” rating on shares of MasterCard in a report on Thursday, August 25th. Zacks Investment Research raised shares of MasterCard from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a report on Wednesday, September 28th. Vetr cut shares of MasterCard from a “buy” rating to a “hold” rating and set a $105.86 target price on the stock. in a report on Monday, October 3rd. Robert W. Baird raised their target price on shares of MasterCard from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, September 6th. Finally, Barclays PLC raised their target price on shares of MasterCard from $107.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, September 8th. Eight equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $110.90.
In related news, insider Ann Cairns sold 26,630 shares of the company’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $101.79, for a total transaction of $2,710,667.70. Following the sale, the insider now owns 58,721 shares of the company’s stock, valued at approximately $5,977,210.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Reeg sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $104.81, for a total transaction of $628,860.00. Following the sale, the insider now directly owns 47,501 shares in the company, valued at approximately $4,978,579.81. The disclosure for this sale can be found here. 3.14% of the stock is currently owned by insiders.
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.