Park Avenue Securities LLC raised its holdings in Mastercard Incorporated (NYSE:MA) by 10.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,191 shares of the credit services provider’s stock after buying an additional 499 shares during the quarter. Mastercard comprises 0.2% of Park Avenue Securities LLC’s holdings, making the stock its 28th largest position. Park Avenue Securities LLC’s holdings in Mastercard were worth $736,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MA. Proficio Capital Partners LLC raised its stake in shares of Mastercard by 1.3% in the second quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock worth $118,000 after purchasing an additional 12 shares during the last quarter. First Interstate Bank raised its stake in shares of Mastercard by 1.4% in the second quarter. First Interstate Bank now owns 1,643 shares of the credit services provider’s stock worth $200,000 after purchasing an additional 23 shares during the last quarter. Lourd Capital LLC raised its stake in shares of Mastercard by 0.5% in the second quarter. Lourd Capital LLC now owns 5,423 shares of the credit services provider’s stock worth $659,000 after purchasing an additional 26 shares during the last quarter. Sullivan Bruyette Speros & Blaney LLC raised its stake in shares of Mastercard by 1.8% in the second quarter. Sullivan Bruyette Speros & Blaney LLC now owns 2,427 shares of the credit services provider’s stock worth $295,000 after purchasing an additional 44 shares during the last quarter. Finally, American Asset Management Inc. raised its stake in shares of Mastercard by 2.4% in the second quarter. American Asset Management Inc. now owns 2,100 shares of the credit services provider’s stock worth $255,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 75.61% of the company’s stock.

Shares of Mastercard Incorporated (NYSE:MA) opened at $162.33 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66. Mastercard Incorporated has a 1-year low of $104.01 and a 1-year high of $162.52. The company has a market capitalization of $171,852.61, a P/E ratio of 37.75, a price-to-earnings-growth ratio of 1.84 and a beta of 1.20.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 EPS 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 company had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period last year, the company earned $1.08 earnings per share. Mastercard’s quarterly revenue was up 18.1% compared to the same quarter last year. equities research analysts anticipate that Mastercard Incorporated will post 4.54 EPS for the current year.

Mastercard announced that its Board of Directors has approved a stock repurchase plan on Monday, December 4th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Tuesday, January 9th will be issued a $0.25 dividend. This is a positive change from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a yield of 0.62%. The ex-dividend date is Monday, January 8th. Mastercard’s dividend payout ratio (DPR) is presently 23.26%.

In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of the firm’s stock in a transaction that occurred on 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 $7,271,850.81. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.30% of the stock is currently owned by company insiders.

Several research analysts have recently issued reports on the company. Cowen restated a “buy” rating and issued a $171.00 price objective on shares of Mastercard in a research note on Friday. Vetr upgraded Mastercard from a “sell” rating to a “hold” rating and set a $158.70 price objective for the company in a research note on Thursday. Wells Fargo & Co restated an “outperform” rating and issued a $178.00 price objective (up from $167.00) on shares of Mastercard in a research note on Tuesday, January 9th. Credit Suisse Group restated a “hold” rating and issued a $164.00 price objective on shares of Mastercard in a research note on Monday, January 8th. Finally, Barclays restated a “buy” rating and issued a $170.00 price objective on shares of Mastercard in a research note on Friday, January 5th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $161.82.

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About Mastercard

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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