Alpha Cubed Investments LLC lessened its stake in Mastercard Incorporated (NYSE:MA) by 11.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,599 shares of the credit services provider’s stock after selling 350 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Mastercard were worth $367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of MA. APG Asset Management N.V. raised its position in Mastercard by 133.0% in the 3rd quarter. APG Asset Management N.V. now owns 1,927,727 shares of the credit services provider’s stock worth $272,195,000 after buying an additional 1,100,200 shares during the last quarter. Carnick & Kubik Group LLC purchased a new position in Mastercard in the 3rd quarter worth about $268,000. Financial Consulate Inc. purchased a new position in Mastercard in the 3rd quarter worth about $210,000. Honkamp Krueger Financial Services Inc. raised its position in Mastercard by 44.1% in the 3rd quarter. Honkamp Krueger Financial Services Inc. now owns 3,632 shares of the credit services provider’s stock worth $513,000 after buying an additional 1,111 shares during the last quarter. Finally, Rockefeller Financial Services Inc. grew its stake in shares of Mastercard by 135.8% during the 3rd quarter. Rockefeller Financial Services Inc. now owns 2,257 shares of the credit services provider’s stock valued at $319,000 after purchasing an additional 1,300 shares during the period. 75.81% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on the company. Vetr upgraded Mastercard from a “buy” rating to a “strong-buy” rating and set a $161.72 price target for the company in a research note on Tuesday, December 5th. Sanford C. Bernstein restated a “buy” rating and set a $180.00 price target (up from $166.00) on shares of Mastercard in a research note on Monday. Cantor Fitzgerald assumed coverage on Mastercard in a research note on Thursday, September 28th. They set an “overweight” rating and a $165.00 price target for the company. BidaskClub upgraded Mastercard from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Finally, Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a research note on Thursday, September 21st. Two investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $159.69.

In related news, Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction that occurred on 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 approximately $6,452,567.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Fraccaro sold 5,800 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total value of $856,022.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,000 shares of company stock worth $3,582,984. 0.30% of the stock is owned by insiders.

Mastercard Incorporated (NYSE MA) traded down $0.81 during midday trading on Thursday, reaching $151.69. The company had a trading volume of 3,618,700 shares, compared to its average volume of 3,220,783. 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 one year low of $102.91 and a one year high of $154.65. The stock has a market cap of $161,445.95, a PE ratio of 35.38, a PEG ratio of 2.03 and a beta of 1.20.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, topping the Zacks’ 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 analysts’ expectations of $3.28 billion. During the same period in the previous year, the firm earned $1.08 EPS. The firm’s revenue was up 18.1% compared to the same quarter last year. sell-side analysts predict that Mastercard Incorporated will post 4.54 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Tuesday, January 9th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, January 8th. This is a boost from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a yield of 0.66%. Mastercard’s payout ratio is currently 20.47%.

Mastercard announced that its Board of Directors has initiated 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 purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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Mastercard 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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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