Los Angeles Capital Management & Equity Research Inc. decreased its holdings in Mastercard Inc (NYSE:MA) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 843,815 shares of the credit services provider’s stock after selling 16,794 shares during the quarter. Mastercard comprises 1.2% of Los Angeles Capital Management & Equity Research Inc.’s investment portfolio, making the stock its 9th largest holding. Los Angeles Capital Management & Equity Research Inc. owned 0.08% of Mastercard worth $223,214,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in shares of Mastercard by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,964,021 shares of the credit services provider’s stock worth $559,150,000 after buying an additional 42,640 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Mastercard by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 12,431,997 shares of the credit services provider’s stock worth $2,341,383,000 after buying an additional 416,095 shares during the last quarter. Ancora Advisors LLC raised its holdings in shares of Mastercard by 1.9% in the fourth quarter. Ancora Advisors LLC now owns 37,967 shares of the credit services provider’s stock worth $7,163,000 after buying an additional 717 shares during the last quarter. Wexford Capital LP purchased a new position in shares of Mastercard in the fourth quarter worth $236,000. Finally, Sycomore Asset Management purchased a new position in shares of Mastercard in the fourth quarter worth $3,928,000. Hedge funds and other institutional investors own 74.39% of the company’s stock.
In other news, insider Michael Miebach sold 2,233 shares of Mastercard stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $283.12, for a total value of $632,206.96. Following the sale, the insider now owns 15,548 shares in the company, valued at $4,401,949.76. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Ann Cairns sold 51,850 shares of Mastercard stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $259.80, for a total transaction of $13,470,630.00. Following the completion of the sale, the insider now owns 134,120 shares in the company, valued at approximately $34,844,376. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 161,771 shares of company stock worth $43,675,108. 3.70% of the stock is owned by company insiders.
MA stock traded down $1.61 during midday trading on Friday, hitting $276.43. 2,236,069 shares of the stock traded hands, compared to its average volume of 3,446,387. The firm has a market capitalization of $270.38 billion, a price-to-earnings ratio of 42.59, a P/E/G ratio of 2.10 and a beta of 1.08. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.49 and a current ratio of 1.49. The company’s fifty day moving average is $272.40. Mastercard Inc has a 1-year low of $171.89 and a 1-year high of $283.33.
Mastercard (NYSE:MA) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.07. The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. The firm’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the business earned $1.66 earnings per share. Sell-side analysts anticipate that Mastercard Inc will post 7.61 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be given a dividend of $0.33 per share. The ex-dividend date is Monday, July 8th. This represents a $1.32 annualized dividend and a yield of 0.48%. Mastercard’s dividend payout ratio is presently 20.34%.
Mastercard Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
Further Reading: What is the return on assets (ROA) ratio?
Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Inc (NYSE:MA).
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.