Duncker Streett & Co. Inc. lowered its position in shares of Mastercard Inc (NYSE:MA) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,390 shares of the credit services provider’s stock after selling 162 shares during the period. Mastercard comprises about 3.2% of Duncker Streett & Co. Inc.’s holdings, making the stock its 2nd largest position. Duncker Streett & Co. Inc.’s holdings in Mastercard were worth $14,124,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. CRA Financial Services LLC increased its position in Mastercard by 9.9% in the 2nd quarter. CRA Financial Services LLC now owns 7,481 shares of the credit services provider’s stock valued at $1,979,000 after acquiring an additional 676 shares during the period. Carnegie Capital Asset Management LLC increased its position in Mastercard by 0.7% in the 2nd quarter. Carnegie Capital Asset Management LLC now owns 127,791 shares of the credit services provider’s stock valued at $33,805,000 after acquiring an additional 894 shares during the period. Quadrant Capital Group LLC increased its position in Mastercard by 0.3% in the 2nd quarter. Quadrant Capital Group LLC now owns 15,147 shares of the credit services provider’s stock valued at $3,989,000 after acquiring an additional 38 shares during the period. Eastern Bank increased its position in Mastercard by 1.6% in the 2nd quarter. Eastern Bank now owns 13,659 shares of the credit services provider’s stock valued at $3,613,000 after acquiring an additional 212 shares during the period. Finally, O Dell Group LLC acquired a new position in Mastercard in the 2nd quarter valued at about $215,000. Institutional investors and hedge funds own 74.41% of the company’s stock.
In related news, Director David R. Carlucci sold 3,974 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $262.51, for a total value of $1,043,214.74. Following the sale, the director now owns 54,438 shares of the company’s stock, valued at approximately $14,290,519.38. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman Ann Cairns sold 51,850 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $259.80, for a total value of $13,470,630.00. Following the completion of the sale, the insider now directly owns 134,120 shares in the company, valued at approximately $34,844,376. The disclosure for this sale can be found here. Insiders have sold a total of 137,921 shares of company stock worth $37,322,422 in the last three months. Corporate insiders own 3.70% of the company’s stock.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.07. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the company earned $1.66 EPS. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities analysts predict that Mastercard Inc will post 7.61 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Monday, July 8th. Mastercard’s dividend payout ratio (DPR) is 20.34%.
Several equities analysts recently issued reports on MA shares. Citigroup set a $317.00 price target on Mastercard and gave the company a “buy” rating in a research report on Friday, July 19th. Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $275.00 price target on the stock in a research report on Wednesday, May 15th. Wells Fargo & Co boosted their price target on Mastercard from $285.00 to $305.00 and gave the company an “outperform” rating in a research report on Wednesday, July 10th. Morgan Stanley boosted their price target on Mastercard from $269.00 to $291.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Finally, Deutsche Bank boosted their price target on Mastercard from $267.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Two investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. Mastercard presently has a consensus rating of “Buy” and an average price target of $287.20.
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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