Pittenger & Anderson Inc. decreased its holdings in Mastercard Incorporated (NYSE:MA) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,230 shares of the credit services provider’s stock after selling 565 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Mastercard were worth $6,810,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MA. Janus Henderson Group PLC lifted its position 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 acquiring an additional 14,962,583 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Mastercard by 289.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,570,551 shares of the credit services provider’s stock valued at $433,643,000 after acquiring an additional 2,654,308 shares in the last quarter. Capital Research Global Investors lifted its position 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 acquiring an additional 1,729,179 shares in the last quarter. Vanguard Group Inc. lifted its position 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 acquiring an additional 1,490,267 shares in the last quarter. Finally, Egerton Capital UK LLP lifted its position in Mastercard by 60.6% in the 2nd quarter. Egerton Capital UK LLP now owns 3,923,766 shares of the credit services provider’s stock valued at $476,541,000 after acquiring an additional 1,480,425 shares in the last quarter. 75.61% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Edward Grunde Mclaughlin sold 17,167 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the completion of the sale, the insider now owns 47,901 shares in the company, valued at approximately $7,271,850.81. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.30% of the company’s stock.

Several brokerages recently weighed in on MA. Robert W. Baird reaffirmed an “outperform” rating and issued a $182.00 price target (up previously from $170.00) on shares of Mastercard in a research report on Friday. Vetr lowered shares of Mastercard from a “hold” rating to a “sell” rating and set a $158.70 price objective for the company. in a research note on Wednesday. Cowen reiterated a “buy” rating and issued a $171.00 price objective on shares of Mastercard in a research note on Friday, January 12th. Wells Fargo & Co reiterated an “outperform” rating and issued a $178.00 price objective (up previously from $167.00) on shares of Mastercard in a research note on Tuesday, January 9th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $164.00 price objective on shares of Mastercard in a research note on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $162.22.

Shares of Mastercard Incorporated (NYSE MA) opened at $166.83 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. Mastercard Incorporated has a one year low of $104.01 and a one year high of $166.95. The stock has a market cap of $176,616.58, a P/E ratio of 38.80, a PEG ratio of 1.88 and a beta of 1.20.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The company had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same quarter last year, the business posted $1.08 EPS. Mastercard’s quarterly revenue was up 18.1% compared to the same quarter last year. research analysts expect that Mastercard Incorporated will post 4.55 earnings per share for the current year.

Mastercard declared that its board has authorized a share repurchase plan on Monday, December 4th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the credit services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Stockholders 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 annualized dividend and a dividend yield of 0.60%. This is a positive change from Mastercard’s previous quarterly dividend of $0.22. Mastercard’s dividend payout ratio (DPR) is presently 23.26%.

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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.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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