MasterCard Inc. (MA) Stake Raised by Abner Herrman & Brock LLC
Abner Herrman & Brock LLC raised its position in MasterCard Inc. (NYSE:MA) by 1.7% during the third quarter, Holdings Channel reports. The institutional investor owned 126,300 shares of the company’s stock after buying an additional 2,071 shares during the period. MasterCard accounts for about 2.9% of Abner Herrman & Brock LLC’s investment portfolio, making the stock its 5th largest position. Abner Herrman & Brock LLC’s holdings in MasterCard were worth $12,854,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Squarepoint Ops LLC purchased a new position in shares of MasterCard during the first quarter valued at about $822,000. Cullinan Associates Inc. raised its position in shares of MasterCard by 0.4% in the second quarter. Cullinan Associates Inc. now owns 54,860 shares of the company’s stock valued at $4,831,000 after buying an additional 200 shares during the period. Toth Financial Advisory Corp purchased a new position in shares of MasterCard during the second quarter valued at about $436,000. Cacti Asset Management LLC purchased a new position in shares of MasterCard during the second quarter valued at about $352,000. Finally, Osborn Rohs Williams & Donohoe Ltd raised its position in shares of MasterCard by 35.3% in the second quarter. Osborn Rohs Williams & Donohoe Ltd now owns 11,775 shares of the company’s stock valued at $1,037,000 after buying an additional 3,075 shares during the period. 74.44% of the stock is owned by hedge funds and other institutional investors.
Shares of MasterCard Inc. (NYSE:MA) traded down 1.82% during trading on Wednesday, reaching $101.93. 2,642,468 shares of the company traded hands. The firm’s 50-day moving average is $103.70 and its 200-day moving average is $97.82. The stock has a market capitalization of $111.06 billion, a PE ratio of 28.18 and a beta of 1.22. MasterCard Inc. has a 12-month low of $78.52 and a 12-month high of $108.93.
MasterCard (NYSE:MA) last announced its quarterly earnings data on Friday, October 28th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.98 by $0.10. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.74 billion. MasterCard had a net margin of 38.11% and a return on equity of 69.11%. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 earnings per share. On average, equities analysts predict that MasterCard Inc. will post $3.75 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 9th. Shareholders of record on Monday, October 10th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Wednesday, October 5th. MasterCard’s dividend payout ratio is 20.99%.
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MA has been the topic of several research reports. Zacks Investment Research cut shares of MasterCard from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. Jefferies Group reaffirmed a “buy” rating on shares of MasterCard in a research report on Friday, August 12th. Robert W. Baird boosted their price objective on shares of MasterCard from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, September 6th. Barclays PLC boosted their price objective on shares of MasterCard from $107.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, September 8th. Finally, Nomura boosted their price objective on shares of MasterCard from $109.00 to $113.00 and gave the company a “buy” rating in a research report on Thursday, September 8th. Seven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. MasterCard currently has a consensus rating of “Buy” and an average price target of $110.88.
In other news, Director Richard Haythornthwaite sold 5,000 shares of MasterCard stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $101.78, for a total value of $508,900.00. Following the completion of the transaction, the director now owns 52,423 shares in the company, valued at $5,335,612.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Fraccaro sold 2,514 shares of MasterCard stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $102.99, for a total transaction of $258,916.86. Following the completion of the transaction, the insider now owns 5,687 shares of the company’s stock, valued at approximately $585,704.13. The disclosure for this sale can be found here. 3.14% 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. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.
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