Burney Co. has decided to sell off 13,405 shares of
Mastercard Incorporated, while also
trimming down their position in it. These recent
financial activities coincide with the announcement of the company's second-quarter 2024 results, which exceeded expectations garnering
positive responses from analysts. Mastercard's second-quarter results were propelled by
strong cross-border volumes, which offset concerns related to slowing consumer spending. The company reported an
adjusted profit in Q2, with revenues and earnings surpassing consensus because of heightened consumer spending. Mastercard covered analysts' forecast for 2024 with strong revenues, backed up by an EPS of $3.50, with their total revenues hitting $7.0 Billion. Simultaneously,
Dupont Capital Management reduced its stock position in Mastercard, and
Akre Capital Management possessed a $2.22 Billion stake in the company. Amidst these developments,
Quadrature Capital initiated an investment amounting to $391,000, and
Coppell Advisory Solutions bought about 1,262 shares in the company. Mastercard's
institutional ownership stands at a hefty 88%, indicating a favored position among large-scale investors. Taking into account all the recent happenings, the outlook for Mastercard's stock appears
positive.
Mastercard Incorporated MA News Analytics from Tue, 30 Jan 2024 08:00:00 GMT to Sun, 04 Aug 2024 14:40:10 GMT -
Rating 8
- Innovation 3
- Information 7
- Rumor 2
