Todays Report: Today, CIBC World Markets Inc. Boosts Position in MasterCard Inc. (MA)

Today, CIBC World Markets Inc. Boosts Position in MasterCard Inc. (MA)

CIBC World Markets Inc. raised its position in shares of MasterCard Inc. (NYSE:MA) by 19.8% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 75,927 shares of the company’s stock after buying an additional 12,541 shares during the period. CIBC World Markets Inc.’s holdings in MasterCard were worth $7,727,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Squarepoint Ops LLC purchased a new position in shares of MasterCard during the first quarter valued at about $822,000. First Republic Investment Management Inc. boosted its position in shares of MasterCard by 8.5% in the first quarter. First Republic Investment Management Inc. now owns 115,266 shares of the company’s stock valued at $10,894,000 after buying an additional 9,030 shares in the last quarter. Cullinan Associates Inc. boosted its position in shares of MasterCard by 0.4% in the second quarter. Cullinan Associates Inc. now owns 54,860 shares of the company’s stock valued at $4,831,000 after buying an additional 200 shares in the last quarter. Toth Financial Advisory Corp purchased a new position in shares of MasterCard during the second quarter valued at about $436,000. Finally, Cacti Asset Management LLC purchased a new position in shares of MasterCard during the second quarter valued at about $352,000. Institutional investors and hedge funds own 74.44% of the company’s stock.

MasterCard Inc. (NYSE:MA) traded down 2.24% on Monday, reaching $103.36. The company had a trading volume of 5,348,565 shares. The stock has a market capitalization of $112.62 billion, a P/E ratio of 28.58 and a beta of 1.22. The stock’s 50 day moving average is $103.67 and its 200-day moving average is $97.75. MasterCard Inc. has a 1-year low of $78.52 and a 1-year high of $108.93.

MasterCard (NYSE:MA) last issued its quarterly earnings data on Friday, October 28th. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.98 by $0.10. MasterCard had a return on equity of 69.11% and a net margin of 38.11%. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period last year, the company earned $0.91 earnings per share. MasterCard’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 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 9th. Shareholders of record on Monday, October 10th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Wednesday, October 5th. MasterCard’s payout ratio is currently 20.99%.

Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of MasterCard from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Jefferies Group reiterated a “buy” rating on shares of MasterCard in a report on Friday, August 12th. Robert W. Baird lifted their price target on shares of MasterCard from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, September 6th. Barclays PLC lifted their price target on shares of MasterCard from $107.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, September 8th. Finally, Nomura lifted their price target on shares of MasterCard from $109.00 to $113.00 and gave the company a “buy” rating in a report on Thursday, September 8th. Eight analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. MasterCard presently has an average rating of “Buy” and an average target price of $110.90.

In other news, Director Richard Haythornthwaite sold 5,000 shares of MasterCard stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $101.78, for a total value of $508,900.00. Following the sale, the director now directly owns 52,423 shares of the company’s stock, valued at $5,335,612.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Fraccaro sold 2,514 shares of MasterCard stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $102.99, for a total value of $258,916.86. Following the completion of the sale, the insider now directly owns 5,687 shares in the company, valued at $585,704.13. The disclosure for this sale can be found here. 3.14% of the stock is owned by company 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.

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