Trade Report: Today, Penobscot Investment Management Company Inc. invests in MasterCard Inc. (MA) Shares

Today, Penobscot Investment Management Company Inc. invests in MasterCard Inc. (MA) Shares

Penobscot Investment Management Company Inc. boosted its stake in MasterCard Inc. (NYSE:MA) by 1.6% during the third quarter, Holdings Channel reports. The fund owned 38,535 shares of the company’s stock after buying an additional 610 shares during the period. MasterCard accounts for 1.4% of Penobscot Investment Management Company Inc.’s portfolio, making the stock its 21st largest position. Penobscot Investment Management Company Inc.’s holdings in MasterCard were worth $3,922,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Arbor Wealth Management LLC raised its stake in MasterCard by 0.3% in the second quarter. Arbor Wealth Management LLC now owns 2,878 shares of the company’s stock valued at $273,000 after buying an additional 8 shares in the last quarter. Compagnie Lombard Odier SCmA raised its stake in MasterCard by 0.8% in the second quarter. Compagnie Lombard Odier SCmA now owns 1,800 shares of the company’s stock valued at $159,000 after buying an additional 15 shares in the last quarter. Alpha Windward LLC raised its stake in MasterCard by 1.0% in the third quarter. Alpha Windward LLC now owns 1,550 shares of the company’s stock valued at $158,000 after buying an additional 15 shares in the last quarter. HBK Sorce Advisory LLC raised its stake in MasterCard by 0.4% in the second quarter. HBK Sorce Advisory LLC now owns 5,129 shares of the company’s stock valued at $452,000 after buying an additional 22 shares in the last quarter. Finally, Krilogy Financial LLC raised its stake in MasterCard by 1.0% in the second quarter. Krilogy Financial LLC now owns 2,383 shares of the company’s stock valued at $210,000 after buying an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 74.44% of the company’s stock.

Shares of MasterCard Inc. (NYSE:MA) traded down 2.24% during mid-day trading on Monday, reaching $103.36. The company’s stock had a trading volume of 5,401,609 shares. MasterCard Inc. has a 12-month low of $78.52 and a 12-month high of $108.93. The stock has a market capitalization of $112.62 billion, a P/E ratio of 28.58 and a beta of 1.22. The company’s 50-day moving average price is $103.67 and its 200-day moving average price is $97.75.

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

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

MA has been the subject of several research reports. Jefferies Group reissued a “buy” rating and issued a $112.00 price target on shares of MasterCard in a research report on Thursday, September 8th. Zacks Investment Research raised shares of MasterCard from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a research report on Wednesday, September 28th. Vetr downgraded shares of MasterCard from a “buy” rating to a “hold” rating and set a $105.86 price objective on the stock. in a report on Thursday, September 22nd. Barclays PLC reaffirmed an “overweight” rating and set a $120.00 price objective (up from $110.00) on shares of MasterCard in a report on Friday, October 21st. Finally, RBC Capital Markets reaffirmed an “outperform” rating and set a $115.00 price objective (up from $112.00) on shares of MasterCard in a report on Monday, October 31st. Eight investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $110.90.

In other news, insider Ann Cairns sold 26,630 shares of the firm’s stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $101.79, for a total value of $2,710,667.70. Following the transaction, the insider now owns 58,721 shares of the company’s stock, valued at $5,977,210.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $101.78, for a total value of $508,900.00. Following the completion of the transaction, the director now directly owns 52,423 shares in the company, valued at approximately $5,335,612.94. 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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