Pragma Gestao DE Patrimonio Ltd. Invests $3.73 Million in Mastercard Inc (NYSE:MA)
Pragma Gestao DE Patrimonio Ltd. bought a new position in Mastercard Inc (NYSE:MA) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,500 shares of the credit services provider’s stock, valued at approximately $3,732,000. Mastercard makes up about 3.4% of Pragma Gestao DE Patrimonio Ltd.’s portfolio, making the stock its 13th largest holding.
Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Mastercard by 0.5% during the second quarter. BlackRock Inc. now owns 63,796,913 shares of the credit services provider’s stock worth $16,876,196,000 after purchasing an additional 297,230 shares during the period. State Street Corp boosted its holdings in shares of Mastercard by 0.4% during the fourth quarter. State Street Corp now owns 36,930,418 shares of the credit services provider’s stock worth $11,027,054,000 after purchasing an additional 143,079 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Mastercard by 1.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,818,653 shares of the credit services provider’s stock worth $2,394,882,000 after purchasing an additional 84,794 shares during the period. Johanson Financial Advisors Inc. boosted its holdings in shares of Mastercard by 29,736.5% during the fourth quarter. Johanson Financial Advisors Inc. now owns 5,985,794 shares of the credit services provider’s stock worth $20,043,000 after purchasing an additional 5,965,732 shares during the period. Finally, Polen Capital Management LLC boosted its holdings in shares of Mastercard by 3.5% during the fourth quarter. Polen Capital Management LLC now owns 4,722,849 shares of the credit services provider’s stock worth $1,410,195,000 after purchasing an additional 157,840 shares during the period. 74.39% of the stock is currently owned by institutional investors and hedge funds.
In other news, major shareholder Foundation Mastercard sold 38,536 shares of Mastercard stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $328.11, for a total value of $12,644,046.96. Following the transaction, the insider now owns 111,139,743 shares of the company’s stock, valued at $36,466,061,075.73. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CMO Venkata R. Madabhushi sold 954 shares of Mastercard stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $335.00, for a total transaction of $319,590.00. Following the completion of the transaction, the chief marketing officer now directly owns 13,093 shares in the company, valued at approximately $4,386,155. The disclosure for this sale can be found here. Insiders sold 430,024 shares of company stock valued at $137,189,140 over the last quarter. Corporate insiders own 3.70% of the company’s stock.
NYSE MA traded up $5.21 during trading on Friday, reaching $341.05. The company’s stock had a trading volume of 199,313 shares, compared to its average volume of 3,748,336. The company has a current ratio of 1.42, a quick ratio of 1.39 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $333.21 billion, a PE ratio of 42.94, a PEG ratio of 2.28 and a beta of 1.01. The business has a 50-day moving average price of $315.23 and a 200-day moving average price of $287.96. Mastercard Inc has a 1-year low of $215.93 and a 1-year high of $337.83.
Mastercard (NYSE:MA) last posted its earnings results on Wednesday, January 29th. The credit services provider reported $1.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.09. The firm had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.40 billion. Mastercard had a net margin of 48.08% and a return on equity of 150.46%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.55 earnings per share. As a group, analysts expect that Mastercard Inc will post 9 earnings per share for the current year.
Mastercard declared that its board has approved a share buyback plan on Tuesday, December 3rd that permits the company to repurchase $8.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to reacquire up to 2.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Thursday, April 9th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Wednesday, April 8th. Mastercard’s dividend payout ratio (DPR) is presently 20.59%.
Mastercard Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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