USS Investment Management Ltd Maintains Stake in Mastercard Incorporated (MA)
USS Investment Management Ltd continued to hold its stake in shares of Mastercard Incorporated (NYSE:MA) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,495,000 shares of the credit services provider’s stock at the end of the 2nd quarter. Mastercard accounts for about 1.7% of USS Investment Management Ltd’s portfolio, making the stock its 9th biggest holding. USS Investment Management Ltd owned approximately 0.14% of Mastercard worth $181,575,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Personal Capital Advisors Corp lifted its stake in Mastercard by 3.3% during the second quarter. Personal Capital Advisors Corp now owns 270,438 shares of the credit services provider’s stock worth $32,845,000 after purchasing an additional 8,670 shares during the last quarter. IBM Retirement Fund lifted its stake in Mastercard by 68.8% during the second quarter. IBM Retirement Fund now owns 23,051 shares of the credit services provider’s stock worth $3,128,000 after purchasing an additional 9,397 shares during the last quarter. Oribel Capital Management LP bought a new stake in Mastercard during the first quarter worth about $5,849,000. Puzo Michael J lifted its stake in Mastercard by 0.4% during the second quarter. Puzo Michael J now owns 50,460 shares of the credit services provider’s stock worth $6,129,000 after purchasing an additional 213 shares during the last quarter. Finally, Barings LLC lifted its stake in Mastercard by 43.5% during the first quarter. Barings LLC now owns 119,933 shares of the credit services provider’s stock worth $13,489,000 after purchasing an additional 36,353 shares during the last quarter. 76.01% of the stock is owned by hedge funds and other institutional investors.
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Mastercard Incorporated (NYSE:MA) opened at 145.38 on Monday. The stock has a market cap of $154.81 billion, a P/E ratio of 36.07 and a beta of 1.18. The firm’s 50 day moving average price is $141.77 and its 200-day moving average price is $127.66. Mastercard Incorporated has a 12-month low of $99.51 and a 12-month high of $148.45.
Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.06. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company posted $0.96 earnings per share. Equities research analysts anticipate that Mastercard Incorporated will post $4.44 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Friday, October 6th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.61%. The ex-dividend date is Thursday, October 5th. Mastercard’s payout ratio is 21.78%.
In related news, CFO Martina Hundmejean sold 91,107 shares of Mastercard stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the transaction, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 87,618 shares of Mastercard stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $129.46, for a total transaction of $11,343,026.28. Following the transaction, the insider now directly owns 112,561,445 shares in the company, valued at $14,572,204,669.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 641,820 shares of company stock worth $83,385,957. 0.30% of the stock is currently owned by corporate insiders.
Several equities research analysts have issued reports on MA shares. Mizuho started coverage on Mastercard in a research note on Tuesday, June 27th. They set a “neutral” rating and a $125.00 price target for the company. Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a research note on Wednesday, July 5th. BidaskClub lowered Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Credit Suisse Group reissued a “buy” rating and issued a $125.00 target price on shares of Mastercard in a research note on Friday, July 7th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $150.00 target price (up previously from $124.00) on shares of Mastercard in a research note on Monday, July 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $148.54.
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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