Capital Analysts LLC Cuts Stake in Mastercard Incorporated (MA)
Capital Analysts LLC lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 6.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,711 shares of the credit services provider’s stock after selling 1,861 shares during the period. Capital Analysts LLC’s holdings in Mastercard were worth $3,772,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in MA. Janus Henderson Group PLC increased its stake in shares of Mastercard by 784.3% during the second quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock valued at $2,048,899,000 after buying an additional 14,962,583 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Mastercard by 289.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,570,551 shares of the credit services provider’s stock valued at $433,643,000 after purchasing an additional 2,654,308 shares during the last quarter. Vanguard Group Inc. grew its stake in Mastercard by 2.9% in the first quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock valued at $7,176,378,000 after purchasing an additional 1,814,116 shares during the last quarter. Capital Research Global Investors grew its stake in Mastercard by 15.8% in the second quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock valued at $1,540,665,000 after purchasing an additional 1,729,179 shares during the last quarter. Finally, Egerton Capital UK LLP grew its stake in Mastercard by 60.6% in the second quarter. Egerton Capital UK LLP now owns 3,923,766 shares of the credit services provider’s stock valued at $476,541,000 after purchasing an additional 1,480,425 shares during the last quarter. Hedge funds and other institutional investors own 75.57% of the company’s stock.
Shares of Mastercard Incorporated (NYSE:MA) opened at $159.04 on Friday. Mastercard Incorporated has a 52 week low of $104.01 and a 52 week high of $159.04. The firm has a market capitalization of $168,370.00, a PE ratio of 37.07, a PEG ratio of 1.74 and a beta of 1.21. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.11. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The business had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the previous year, the firm earned $1.08 earnings per share. The company’s revenue was up 18.1% on a year-over-year basis. research analysts forecast that Mastercard Incorporated will post 4.54 EPS for the current fiscal year.
Mastercard announced that its board has approved a share buyback program on Monday, December 4th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the credit services provider to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 9th will be paid a dividend of $0.25 per share. This is a positive change from Mastercard’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, January 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.63%. Mastercard’s payout ratio is presently 20.51%.
In related news, insider Michael Fraccaro sold 5,800 shares of Mastercard stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $147.59, for a total transaction of $856,022.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward Grunde Mclaughlin sold 17,167 shares of Mastercard stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total value of $2,606,122.27. Following the sale, the insider now directly owns 47,901 shares of the company’s stock, valued at approximately $7,271,850.81. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.
MA has been the topic of several analyst reports. Susquehanna Bancshares reiterated a “positive” rating and issued a $158.00 target price (up previously from $149.00) on shares of Mastercard in a research note on Friday, September 8th. Barclays lifted their target price on Mastercard from $142.00 to $148.00 and gave the company an “overweight” rating in a research note on Friday, September 8th. Citigroup lifted their target price on Mastercard from $157.00 to $167.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Instinet reiterated a “buy” rating and issued a $163.00 target price (up previously from $153.00) on shares of Mastercard in a research note on Saturday, September 9th. Finally, Robert W. Baird lifted their target price on Mastercard from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, October 16th. Two investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $159.45.
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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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