Mastercard Incorporated (MA) Position Trimmed by Bartlett & Co. LLC
Bartlett & Co. LLC trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 439,544 shares of the credit services provider’s stock after selling 5,098 shares during the period. Mastercard makes up about 2.6% of Bartlett & Co. LLC’s holdings, making the stock its 6th biggest position. Bartlett & Co. LLC’s holdings in Mastercard were worth $62,064,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of MA. Strs Ohio increased its position in Mastercard by 1.4% in the 3rd quarter. Strs Ohio now owns 925,360 shares of the credit services provider’s stock worth $130,660,000 after purchasing an additional 13,191 shares during the last quarter. APG Asset Management N.V. increased its position in Mastercard by 133.0% in the 3rd quarter. APG Asset Management N.V. now owns 1,927,727 shares of the credit services provider’s stock worth $272,195,000 after purchasing an additional 1,100,200 shares during the last quarter. Carnick & Kubik Group LLC acquired a new position in Mastercard in the 3rd quarter worth about $268,000. Financial Consulate Inc. acquired a new position in Mastercard in the 3rd quarter worth about $210,000. Finally, Honkamp Krueger Financial Services Inc. increased its position in Mastercard by 44.1% in the 3rd quarter. Honkamp Krueger Financial Services Inc. now owns 3,632 shares of the credit services provider’s stock worth $513,000 after purchasing an additional 1,111 shares during the last quarter. 75.81% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Mastercard Incorporated (NYSE:MA) traded up $0.24 during trading hours on Friday, reaching $151.93. The company had a trading volume of 3,016,700 shares, compared to its average volume of 3,219,936. Mastercard Incorporated has a 1 year low of $102.98 and a 1 year high of $154.65. The company has a market cap of $160,588.44, a P/E ratio of 35.19, a price-to-earnings-growth ratio of 2.02 and a beta of 1.20. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66.
Mastercard (NYSE:MA) last announced its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, beating 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 firm had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the prior year, the company earned $1.08 EPS. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. research analysts predict that Mastercard Incorporated will post 4.54 EPS for the current fiscal year.
Mastercard announced that its Board of Directors has approved a share buyback 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. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Tuesday, January 9th will be paid a dividend of $0.25 per share. This is an increase 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 annualized dividend and a yield of 0.66%. Mastercard’s dividend payout ratio is presently 20.47%.
In related news, Director Richard Haythornthwaite sold 5,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total transaction of $712,550.00. Following the completion of the sale, the director now owns 45,278 shares in the company, valued at approximately $6,452,567.78. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Craig Vosburg sold 14,200 shares of the stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total value of $2,014,412.00. Following the sale, the insider now 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. In the last 90 days, insiders have sold 25,000 shares of company stock valued at $3,582,984. 0.30% of the stock is owned by corporate insiders.
Several research analysts have weighed in on the company. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $150.00 target price (up from $143.00) on shares of Mastercard in a research report on Friday, September 8th. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $180.00 target price (up from $166.00) on shares of Mastercard in a research report on Monday. Cowen reaffirmed a “buy” rating and issued a $137.00 target price on shares of Mastercard in a research report on Thursday, October 12th. Zacks Investment Research downgraded Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, KeyCorp reiterated a “buy” rating and set a $150.00 price target on shares of Mastercard in a research note on Thursday, September 7th. Two research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $159.69.
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.
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with Analyst Ratings Network's FREE daily email newsletter.