Mastercard Incorporated (MA) Stake Increased by Handelsbanken Fonder AB
Handelsbanken Fonder AB increased its position in shares of Mastercard Incorporated (NYSE:MA) by 0.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 556,900 shares of the credit services provider’s stock after buying an additional 1,700 shares during the quarter. Mastercard comprises approximately 2.2% of Handelsbanken Fonder AB’s portfolio, making the stock its 9th largest position. Handelsbanken Fonder AB owned about 0.05% of Mastercard worth $78,634,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Mastercard by 2.3% in 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 purchasing an additional 1,490,267 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Mastercard by 784.3% in 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 purchasing an additional 14,962,583 shares during the last quarter. Capital Research Global Investors increased its holdings in Mastercard by 15.8% in 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 purchasing an additional 1,729,179 shares during the last quarter. Capital World Investors increased its holdings in Mastercard by 2.3% in 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 purchasing an additional 289,488 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its holdings in Mastercard by 6.0% in 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 purchasing an additional 347,768 shares during the last quarter. 75.81% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Michael Fraccaro sold 5,800 shares of the business’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $147.59, for a total value of $856,022.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 14,200 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the completion of the sale, the insider now directly owns 40,646 shares of the company’s stock, valued at $5,766,041.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,000 shares of company stock valued at $3,582,984. Insiders own 0.30% of the company’s stock.
Several analysts recently weighed in on MA shares. Oppenheimer reiterated a “buy” rating and issued a $145.00 target price on shares of Mastercard in a report on Friday, September 8th. Citigroup lifted their target price on shares of Mastercard from $157.00 to $167.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Nomura lifted their target price on shares of Mastercard from $153.00 to $163.00 and gave the company a “buy” rating in a report on Friday, September 8th. Zacks Investment Research downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, Susquehanna Bancshares restated a “positive” rating and issued a $158.00 price target (up previously from $149.00) on shares of Mastercard in a research note on Friday, September 8th. Two 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 stock. The stock currently has an average rating of “Buy” and a consensus target price of $159.69.
Mastercard Incorporated (NYSE:MA) opened at $153.40 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market cap of $160,842.52, a price-to-earnings ratio of 35.25, a P/E/G ratio of 2.02 and a beta of 1.20. Mastercard Incorporated has a 12 month low of $102.98 and a 12 month high of $154.65.
Mastercard (NYSE:MA) last issued its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The firm had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The company’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.08 earnings per share. analysts expect that Mastercard Incorporated will post 4.54 EPS for the current year.
Mastercard announced that its Board of Directors has authorized a share repurchase plan on Monday, December 4th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the credit services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are 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 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 0.65%. This is an increase from Mastercard’s previous quarterly dividend of $0.22. Mastercard’s payout ratio is presently 20.47%.
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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