Grandfield & Dodd LLC cut its position in shares of Mastercard Inc (NYSE:MA) by 6.2% in the third quarter, HoldingsChannel reports. The firm owned 12,154 shares of the credit services provider’s stock after selling 800 shares during the period. Grandfield & Dodd LLC’s holdings in Mastercard were worth $2,706,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of MA. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Mastercard in the 2nd quarter valued at approximately $109,000. Fort L.P. acquired a new stake in Mastercard in the 2nd quarter valued at approximately $120,000. Carroll Financial Associates Inc. grew its holdings in Mastercard by 87.2% in the 2nd quarter. Carroll Financial Associates Inc. now owns 644 shares of the credit services provider’s stock valued at $126,000 after buying an additional 300 shares during the last quarter. Bogart Wealth LLC grew its holdings in Mastercard by 434.7% in the 3rd quarter. Bogart Wealth LLC now owns 663 shares of the credit services provider’s stock valued at $148,000 after buying an additional 539 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in Mastercard in the 2nd quarter valued at approximately $131,000. 74.43% of the stock is owned by institutional investors.
Shares of NYSE:MA opened at $205.62 on Friday. Mastercard Inc has a 1-year low of $140.61 and a 1-year high of $225.35. The company has a market cap of $216.25 billion, a PE ratio of 34.25, a PEG ratio of 1.78 and a beta of 1.22. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.01.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.10. Mastercard had a return on equity of 114.58% and a net margin of 35.88%. The company had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same quarter last year, the firm earned $1.34 EPS. Mastercard’s revenue for the quarter was up 14.7% compared to the same quarter last year. Research analysts expect that Mastercard Inc will post 6.43 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 9th. Stockholders of record on Tuesday, October 9th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Friday, October 5th. Mastercard’s payout ratio is presently 21.83%.
A number of analysts have issued reports on the company. Morgan Stanley raised their target price on Mastercard from $224.00 to $228.00 and gave the company an “overweight” rating in a report on Friday, July 27th. Oppenheimer raised their target price on Mastercard from $197.00 to $215.00 and gave the company an “outperform” rating in a report on Tuesday, July 17th. KeyCorp reaffirmed an “overweight” rating and issued a $230.00 target price (up previously from $200.00) on shares of Mastercard in a report on Thursday, July 26th. Wells Fargo & Co raised their target price on Mastercard from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Monday, October 1st. Finally, Sandler O’Neill reaffirmed a “hold” rating and issued a $209.00 target price on shares of Mastercard in a report on Friday, July 27th. Three analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $219.24.
In other news, Director Richard K. Davis acquired 2,475 shares of the firm’s stock in a transaction dated Friday, November 2nd. The shares were bought at an average price of $196.37 per share, with a total value of $486,015.75. Following the acquisition, the director now owns 3,468 shares of the company’s stock, valued at $681,011.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.32% of the stock is currently owned by company insiders.
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.
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