Mastercard Incorporated (MA) is Puzo Michael J’s 5th Largest Position
Puzo Michael J reduced its position in Mastercard Incorporated (NYSE:MA) by 1.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,777 shares of the credit services provider’s stock after selling 683 shares during the quarter. Mastercard accounts for about 3.7% of Puzo Michael J’s holdings, making the stock its 5th largest holding. Puzo Michael J’s holdings in Mastercard were worth $7,029,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of MA. Chicago Partners Investment Group LLC boosted its holdings in Mastercard by 1,365.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 874 shares during the period. Thompson Davis & CO. Inc. boosted its holdings in Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 546 shares during the period. Proficio Capital Partners LLC boosted its holdings in Mastercard by 1.3% during the 2nd quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock valued at $118,000 after acquiring an additional 12 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Mastercard during the 2nd quarter valued at about $121,000. Finally, Acrospire Investment Management LLC purchased a new stake in Mastercard during the 2nd quarter valued at about $121,000. Hedge funds and other institutional investors own 75.57% of the company’s stock.
In other news, insider Michael Fraccaro sold 5,800 shares of the stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total value of $856,022.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Craig Vosburg sold 14,200 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $141.86, for a total value of $2,014,412.00. Following the completion of the transaction, the insider now directly owns 40,646 shares of the company’s stock, valued at approximately $5,766,041.56. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock valued at $3,582,984 in the last three months. Corporate insiders own 0.30% of the company’s stock.
Shares of Mastercard Incorporated (NYSE MA) opened at $151.68 on Wednesday. Mastercard Incorporated has a fifty-two week low of $102.98 and a fifty-two week high of $154.65. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market capitalization of $160,580.00, a P/E ratio of 35.53, a price-to-earnings-growth ratio of 2.04 and a beta of 1.21.
Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter last year, the business posted $1.08 EPS. The business’s revenue was up 18.1% on a year-over-year basis. sell-side analysts forecast that Mastercard Incorporated will post 4.54 earnings per share for the current year.
Mastercard declared that its Board of Directors has initiated a stock repurchase program on Monday, December 4th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the credit services provider to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 9th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, January 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.66%. This is a positive change from Mastercard’s previous quarterly dividend of $0.22. Mastercard’s dividend payout ratio is currently 20.51%.
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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