Intermede Investment Partners Ltd lowered its position in Mastercard Incorporated (NYSE:MA) by 9.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 439,003 shares of the credit services provider’s stock after selling 43,450 shares during the period. Mastercard makes up about 5.7% of Intermede Investment Partners Ltd’s investment portfolio, making the stock its 2nd biggest position. Intermede Investment Partners Ltd’s holdings in Mastercard were worth $61,987,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Mastercard by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock valued at $7,930,357,000 after buying an additional 1,490,267 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Mastercard by 784.3% during the 2nd 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 last quarter. Capital Research Global Investors grew its holdings in Mastercard by 15.8% during the 2nd 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 buying an additional 1,729,179 shares during the last quarter. Capital World Investors grew its holdings in Mastercard by 2.3% during the 2nd quarter. Capital World Investors now owns 12,675,652 shares of the credit services provider’s stock valued at $1,539,458,000 after buying an additional 289,488 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its holdings in Mastercard by 6.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 6,174,892 shares of the credit services provider’s stock valued at $749,941,000 after buying an additional 347,768 shares during the last quarter. Institutional investors and hedge funds own 75.81% of the company’s stock.

Mastercard Incorporated (NYSE:MA) opened at $153.40 on Friday. 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 $162,398.75, a price-to-earnings ratio of 35.59, a P/E/G ratio of 2.04 and a beta of 1.20. Mastercard Incorporated has a 52-week low of $102.98 and a 52-week high of $154.65.

Mastercard (NYSE:MA) last issued its earnings results 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. The business had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The business’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period last year, the company posted $1.08 EPS. analysts predict that Mastercard Incorporated will post 4.54 earnings per share for the current fiscal year.

Mastercard declared that its board has approved a stock repurchase plan on Monday, December 4th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Tuesday, January 9th will be given 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 dividend yield of 0.65%. The ex-dividend date is Monday, January 8th. Mastercard’s dividend payout ratio (DPR) is 20.47%.

In other Mastercard news, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $142.51, for a total value of $712,550.00. Following the transaction, the director now directly owns 45,278 shares of the company’s stock, valued at $6,452,567.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Craig Vosburg sold 14,200 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 40,646 shares in the company, valued at $5,766,041.56. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock worth $3,582,984 over the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Several equities research analysts have recently issued reports on the company. Piper Jaffray Companies restated an “overweight” rating and set a $150.00 price objective (up previously from $143.00) on shares of Mastercard in a report on Friday, September 8th. Sanford C. Bernstein restated a “buy” rating and set a $180.00 price objective (up previously from $166.00) on shares of Mastercard in a report on Monday, December 11th. Cowen restated a “buy” rating and set a $137.00 price objective on shares of Mastercard in a report on Thursday, October 12th. Zacks Investment Research cut Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, KeyCorp restated a “buy” rating and set a $150.00 price objective on shares of Mastercard in a report on Thursday, September 7th. Two research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $159.69.

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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.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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