Mastercard Incorporated (MA) Shares Bought by D.A. Davidson & CO.
D.A. Davidson & CO. grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 4.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,615 shares of the credit services provider’s stock after purchasing an additional 2,694 shares during the period. D.A. Davidson & CO.’s holdings in Mastercard were worth $8,558,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Massey Quick Simon & CO. LLC acquired a new position in shares of Mastercard during the 3rd quarter worth $102,000. Thompson Davis & CO. Inc. raised its stake in shares of Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after buying an additional 546 shares during the last quarter. Proficio Capital Partners LLC raised its stake in shares of Mastercard by 1.3% during the 2nd quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock worth $118,000 after buying an additional 12 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of 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 worth $105,000 after buying an additional 874 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Mastercard during the 2nd quarter worth $121,000. Institutional investors own 75.58% of the company’s stock.
Mastercard Incorporated (MA) opened at $162.33 on Friday. Mastercard Incorporated has a one year low of $104.01 and a one year high of $162.52. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83. The company has a market cap of $171,850.00, a PE ratio of 37.84, a PEG ratio of 1.82 and a beta of 1.21.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The company 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 posted $1.08 EPS. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. sell-side analysts forecast that Mastercard Incorporated will post 4.54 earnings per share for the current year.
Mastercard announced that its Board of Directors has initiated 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. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
The business also recently disclosed 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. 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 0.62%. This is an increase from Mastercard’s previous quarterly dividend of $0.22. Mastercard’s dividend payout ratio is currently 23.31%.
In other news, insider Edward Grunde Mclaughlin sold 17,167 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the completion of the transaction, the insider now owns 47,901 shares of the company’s stock, valued at approximately $7,271,850.81. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.30% of the company’s stock.
Several research analysts have recently issued reports on the company. Vetr raised Mastercard from a “sell” rating to a “hold” rating and set a $158.70 price target for the company in a research note on Thursday. Sanford C. Bernstein reissued a “buy” rating and issued a $180.00 target price (up previously from $166.00) on shares of Mastercard in a research note on Monday, December 11th. Cowen reissued a “buy” rating and issued a $137.00 target price on shares of Mastercard in a research note on Thursday, October 12th. Zacks Investment Research downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, Mizuho reissued a “hold” rating and issued a $140.00 target price on shares of Mastercard in a research note on Thursday, October 12th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $161.82.
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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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