Blue Granite Capital LLC continued to hold its stake in Mastercard Incorporated (NYSE:MA) during the first quarter, Holdings Channel reports. The fund owned 5,045 shares of the credit services provider’s stock at the end of the first quarter. Blue Granite Capital LLC’s holdings in Mastercard were worth $567,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of MA. Integrated Investment Consultants LLC boosted its stake in Mastercard by 260.0% in the first quarter. Integrated Investment Consultants LLC now owns 900 shares of the credit services provider’s stock worth $101,000 after buying an additional 650 shares during the period. Israel Discount Bank of New York GFN acquired a new stake in Mastercard during the fourth quarter worth about $110,000. Kistler Tiffany Companies LLC boosted its stake in Mastercard by 10.9% in the first quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock worth $115,000 after buying an additional 100 shares during the period. Archford Capital Strategies LLC boosted its stake in Mastercard by 767.6% in the fourth quarter. Archford Capital Strategies LLC now owns 1,258 shares of the credit services provider’s stock worth $129,000 after buying an additional 1,113 shares during the period. Finally, First Bank & Trust boosted its stake in Mastercard by 14.5% in the first quarter. First Bank & Trust now owns 1,300 shares of the credit services provider’s stock worth $146,000 after buying an additional 165 shares during the period. Hedge funds and other institutional investors own 77.36% of the company’s stock.
Shares of Mastercard Incorporated (NYSE:MA) opened at 122.20 on Monday. Mastercard Incorporated has a one year low of $87.94 and a one year high of $126.19. The firm has a 50-day moving average of $121.69 and a 200 day moving average of $113.06. The company has a market cap of $130.98 billion, a price-to-earnings ratio of 31.91 and a beta of 1.17.
Mastercard (NYSE:MA) last posted its earnings results on Tuesday, May 2nd. The credit services provider reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.07. Mastercard had a return on equity of 72.95% and a net margin of 37.79%. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter last year, the firm earned $0.86 earnings per share. The company’s revenue was up 11.8% on a year-over-year basis. Equities research analysts anticipate that Mastercard Incorporated will post $4.31 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Wednesday, July 5th. Mastercard’s dividend payout ratio is currently 22.98%.
A number of analysts have issued reports on MA shares. Instinet lifted their target price on shares of Mastercard from $133.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday, May 4th. Piper Jaffray Companies reiterated a “buy” rating on shares of Mastercard in a research note on Friday, April 14th. Jefferies Group LLC set a $123.00 price objective on shares of Mastercard and gave the stock a “buy” rating in a research note on Saturday, March 25th. Deutsche Bank AG restated a “buy” rating and issued a $124.00 price objective on shares of Mastercard in a research note on Thursday, May 25th. Finally, BidaskClub cut shares of Mastercard from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Mastercard has a consensus rating of “Buy” and an average price target of $123.01.
In other news, CEO Ajay Banga sold 161,742 shares of Mastercard stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $117.27, for a total transaction of $18,967,484.34. Following the completion of the sale, the chief executive officer now owns 333,495 shares of the company’s stock, valued at $39,108,958.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gary J. Flood sold 83,959 shares of Mastercard stock in a transaction on Monday, April 24th. The stock was sold at an average price of $115.43, for a total value of $9,691,387.37. Following the sale, the insider now directly owns 78,819 shares of the company’s stock, valued at approximately $9,098,077.17. The disclosure for this sale can be found here. 0.30% of the stock is currently 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, 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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