LFA Lugano Financial Advisors SA purchased a new stake in shares of Mastercard Inc (NYSE:MA) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,865 shares of the credit services provider’s stock, valued at approximately $1,083,000. Mastercard makes up approximately 0.8% of LFA Lugano Financial Advisors SA’s portfolio, making the stock its 27th largest holding.
Several other hedge funds have also recently bought and sold shares of the stock. Baxter Bros Inc. raised its position in shares of Mastercard by 1.2% during the 3rd quarter. Baxter Bros Inc. now owns 23,002 shares of the credit services provider’s stock valued at $5,120,000 after acquiring an additional 280 shares in the last quarter. Montecito Bank & Trust raised its position in shares of Mastercard by 33.9% during the 3rd quarter. Montecito Bank & Trust now owns 2,715 shares of the credit services provider’s stock valued at $604,000 after acquiring an additional 687 shares in the last quarter. Iberiabank Corp raised its position in shares of Mastercard by 9.5% during the 3rd quarter. Iberiabank Corp now owns 16,658 shares of the credit services provider’s stock valued at $3,708,000 after acquiring an additional 1,446 shares in the last quarter. Clinton Group Inc. acquired a new stake in shares of Mastercard during the 3rd quarter valued at approximately $2,125,000. Finally, DNB Asset Management AS raised its position in shares of Mastercard by 1.9% during the 3rd quarter. DNB Asset Management AS now owns 114,856 shares of the credit services provider’s stock valued at $25,568,000 after acquiring an additional 2,162 shares in the last quarter. 74.36% of the stock is currently owned by institutional investors and hedge funds.
In other news, CFO Martina Hundmejean sold 69,817 shares of the stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $200.35, for a total value of $13,987,835.95. Following the completion of the transaction, the chief financial officer now owns 128,905 shares of the company’s stock, valued at $25,826,116.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.32% of the company’s stock.
MA has been the topic of several research reports. Buckingham Research upped their price target on Mastercard from $194.00 to $222.00 and gave the company a “buy” rating in a research report on Tuesday, June 26th. Zacks Investment Research downgraded Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. Wells Fargo & Co upped their price objective on Mastercard from $211.00 to $227.00 and gave the stock an “outperform” rating in a research note on Thursday, July 12th. Oppenheimer upped their price objective on Mastercard from $197.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 17th. Finally, Wolfe Research assumed coverage on Mastercard in a research note on Tuesday, July 17th. They set an “outperform” rating for the company. Three investment analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $215.12.
NYSE:MA opened at $204.22 on Friday. Mastercard Inc has a 1 year low of $140.61 and a 1 year high of $225.35. The firm has a market capitalization of $231.17 billion, a PE ratio of 44.59, a price-to-earnings-growth ratio of 1.83 and a beta of 1.16. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.11.
Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 26th. The credit services provider reported $1.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.13. Mastercard had a return on equity of 103.82% and a net margin of 33.81%. The company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the prior year, the business posted $1.10 earnings per share. The company’s revenue for the quarter was up 20.0% compared to the same quarter last year. As a group, sell-side analysts predict that Mastercard Inc will post 6.41 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Stockholders of record on Tuesday, October 9th will be paid a $0.25 dividend. The ex-dividend date is Friday, October 5th. This represents a $1.00 annualized dividend and a dividend yield of 0.49%. Mastercard’s payout ratio is 21.83%.
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.
Recommended Story: How a Put Option Works
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.