Pinnacle Associates Ltd. grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 5.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,701 shares of the credit services provider’s stock after acquiring an additional 364 shares during the period. Pinnacle Associates Ltd.’s holdings in Mastercard were worth $946,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in Mastercard by 2.3% in the second quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock worth $7,930,357,000 after purchasing an additional 1,490,267 shares in the last quarter. Janus Henderson Group PLC grew its stake in Mastercard by 784.3% in the second quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock worth $2,048,899,000 after purchasing an additional 14,962,583 shares in the last quarter. Capital Research Global Investors grew its stake in Mastercard by 15.8% in the second quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock worth $1,540,665,000 after purchasing an additional 1,729,179 shares in the last quarter. Capital World Investors grew its stake in Mastercard by 2.3% in the second quarter. Capital World Investors now owns 12,675,652 shares of the credit services provider’s stock worth $1,539,458,000 after purchasing an additional 289,488 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its stake in Mastercard by 6.0% in the second quarter. UBS Asset Management Americas Inc. now owns 6,174,892 shares of the credit services provider’s stock worth $749,941,000 after purchasing an additional 347,768 shares in the last quarter. Institutional investors own 75.62% of the company’s stock.

In other news, insider Edward Grunde Mclaughlin sold 17,167 shares of Mastercard stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the sale, the insider now owns 47,901 shares of the company’s stock, valued at $7,271,850.81. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.30% of the company’s stock.

A number of research firms recently commented on MA. Vetr upgraded 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, January 11th. Cowen reissued a “buy” rating and issued a $171.00 target price on shares of Mastercard in a report on Friday, January 12th. Robert W. Baird reissued an “outperform” rating and issued a $182.00 target price (up previously from $170.00) on shares of Mastercard in a report on Friday. Cantor Fitzgerald initiated coverage on shares of Mastercard in a report on Thursday, September 28th. They issued an “overweight” rating and a $165.00 target price on the stock. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $178.00 target price (up previously from $167.00) on shares of Mastercard in a report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Mastercard currently has a consensus rating of “Buy” and an average target price of $162.22.

Shares of Mastercard Incorporated (NYSE:MA) opened at $166.83 on Monday. The firm has a market capitalization of $176,616.58, a P/E ratio of 38.80, a PEG ratio of 1.88 and a beta of 1.20. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83. Mastercard Incorporated has a twelve month low of $104.01 and a twelve month high of $166.95.

Mastercard (NYSE:MA) last released its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.11. The company had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 earnings per share. sell-side analysts forecast that Mastercard Incorporated will post 4.55 EPS for the current year.

Mastercard announced that its Board of Directors has approved a stock buyback program on Monday, December 4th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the credit services provider to buy shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 9th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Monday, January 8th. This is a boost from Mastercard’s previous quarterly dividend of $0.22. Mastercard’s payout ratio is 23.26%.

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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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