Mackay Shields LLC decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 31.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,501 shares of the credit services provider’s stock after selling 62,321 shares during the quarter. Mackay Shields LLC’s holdings in Mastercard were worth $50,200,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in MA. Ayalon Holdings Ltd. lifted its position in Mastercard by 14.3% in the second quarter. Ayalon Holdings Ltd. now owns 5,860 shares of the credit services provider’s stock valued at $2,172,000 after purchasing an additional 733 shares during the last quarter. Diametric Capital LP lifted its position in Mastercard by 87.0% in the first quarter. Diametric Capital LP now owns 7,473 shares of the credit services provider’s stock valued at $2,661,000 after purchasing an additional 3,476 shares during the last quarter. Ninety One North America Inc. lifted its position in Mastercard by 5.7% in the second quarter. Ninety One North America Inc. now owns 56,839 shares of the credit services provider’s stock valued at $20,751,000 after purchasing an additional 3,066 shares during the last quarter. Samlyn Capital LLC bought a new stake in Mastercard in the first quarter valued at approximately $67,039,000. Finally, Tranquility Partners LLC raised its holdings in shares of Mastercard by 5.3% during the second quarter. Tranquility Partners LLC now owns 5,591 shares of the credit services provider’s stock valued at $2,041,000 after acquiring an additional 279 shares in the last quarter. Institutional investors own 73.97% of the company’s stock.
MA has been the subject of a number of recent analyst reports. Compass Point upped their target price on Mastercard from $430.00 to $450.00 and gave the company a “buy” rating in a report on Friday, July 30th. Mizuho upped their target price on Mastercard from $435.00 to $450.00 and gave the company a “buy” rating in a report on Monday, August 2nd. Robert W. Baird restated a “buy” rating and set a $482.00 target price on shares of Mastercard in a report on Sunday, August 1st. BMO Capital Markets upped their target price on Mastercard from $427.00 to $429.00 and gave the company an “outperform” rating in a report on Friday, July 30th. Finally, Barclays upped their price target on Mastercard from $452.00 to $455.00 and gave the stock an “overweight” rating in a research note on Monday, August 2nd. Two investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard has an average rating of “Buy” and an average target price of $418.48.
Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 29th. The credit services provider reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.23. Mastercard had a return on equity of 109.48% and a net margin of 43.22%. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.35 billion. On average, equities analysts predict that Mastercard Incorporated will post 8.11 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 9th. Shareholders of record on Friday, October 8th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Thursday, October 7th. Mastercard’s dividend payout ratio is 27.37%.
In related news, major shareholder Foundation Mastercard sold 78,973 shares of the stock in a transaction dated Monday, July 26th. The stock was sold at an average price of $390.29, for a total transaction of $30,822,372.17. Following the completion of the sale, the insider now owns 107,665,955 shares in the company, valued at $42,020,945,576.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO J. Mehra Sachin sold 7,838 shares of the stock in a transaction dated Friday, July 30th. The stock was sold at an average price of $385.42, for a total value of $3,020,921.96. Following the sale, the chief financial officer now owns 20,320 shares of the company’s stock, valued at approximately $7,831,734.40. The disclosure for this sale can be found here. In the last three months, insiders sold 797,580 shares of company stock worth $299,602,012. 0.33% of the stock is owned by corporate insiders.
Mastercard, Inc operates as a technology company. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs.
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