Biondo Investment Advisors LLC reduced its holdings in Mastercard Incorporated (NYSE:MA) by 9.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 202,224 shares of the credit services provider’s stock after selling 21,215 shares during the period. Mastercard makes up 7.1% of Biondo Investment Advisors LLC’s portfolio, making the stock its 2nd largest holding. Biondo Investment Advisors LLC’s holdings in Mastercard were worth $24,560,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the business. American Beacon Advisors Inc. purchased a new position in shares of Mastercard during the 1st quarter worth about $100,000. Chicago Partners Investment Group LLC boosted its stake in shares of Mastercard by 1,365.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after purchasing an additional 874 shares during the period. Thompson Davis & CO. Inc. boosted its stake in shares of Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after purchasing an additional 546 shares during the period. Proficio Capital Partners LLC boosted its stake in shares of Mastercard by 108.2% during the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after purchasing an additional 464 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Mastercard during the 2nd quarter worth about $121,000. 76.21% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently commented on the stock. Guggenheim raised shares of Mastercard from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $135.00 to $153.00 in a research note on Monday, September 11th. BidaskClub cut shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Mizuho reaffirmed a “hold” rating and set a $140.00 price target on shares of Mastercard in a research note on Thursday, October 12th. BMO Capital Markets lifted their price objective on shares of Mastercard from $126.00 to $137.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Finally, Barclays PLC lifted their price objective on shares of Mastercard from $142.00 to $148.00 and gave the company an “overweight” rating in a report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $157.68.
In other Mastercard news, Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $142.51, for a total transaction of $712,550.00. Following the sale, the director now owns 45,278 shares of the company’s stock, valued at approximately $6,452,567.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Fraccaro sold 5,800 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total transaction of $856,022.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,000 shares of company stock worth $3,582,984. 0.30% of the stock is owned by insiders.
Mastercard Incorporated (NYSE MA) opened at $149.02 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market cap of $157,761.81, a P/E ratio of 34.58, a P/E/G ratio of 1.98 and a beta of 1.21. Mastercard Incorporated has a 52 week low of $99.51 and a 52 week high of $152.00.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. The firm had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. Mastercard’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.08 EPS. analysts forecast that Mastercard Incorporated will post 4.54 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Friday, October 6th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Thursday, October 5th. Mastercard’s dividend payout ratio is presently 20.47%.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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