Sarasin & Partners LLP lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 6.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,439,158 shares of the credit services provider’s stock after selling 98,441 shares during the quarter. Mastercard comprises about 4.1% of Sarasin & Partners LLP’s holdings, making the stock its 2nd biggest holding. Sarasin & Partners LLP owned 0.14% of Mastercard worth $203,209,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of the company. Proficio Capital Partners LLC lifted its position in shares of Mastercard by 1.3% during the 2nd quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock worth $118,000 after buying an additional 12 shares during the last quarter. First Interstate Bank lifted its position in shares of Mastercard by 1.4% during the 2nd quarter. First Interstate Bank now owns 1,643 shares of the credit services provider’s stock worth $200,000 after buying an additional 23 shares during the last quarter. Sullivan Bruyette Speros & Blaney LLC raised its position in Mastercard by 1.8% in the 2nd quarter. Sullivan Bruyette Speros & Blaney LLC now owns 2,427 shares of the credit services provider’s stock valued at $295,000 after purchasing an additional 44 shares during the last quarter. American Asset Management Inc. raised its position in Mastercard by 2.4% in the 2nd quarter. American Asset Management Inc. now owns 2,100 shares of the credit services provider’s stock valued at $255,000 after purchasing an additional 50 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. raised its position in Mastercard by 1.2% in the 2nd quarter. ZWJ Investment Counsel Inc. now owns 5,067 shares of the credit services provider’s stock valued at $615,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds own 75.62% of the company’s stock.
Several analysts recently commented on the stock. Vetr upgraded shares of Mastercard from a “sell” rating to a “hold” rating and set a $158.70 price target for the company in a research report on Thursday, January 11th. Cowen reiterated a “buy” rating and issued a $171.00 price target on shares of Mastercard in a research report on Friday, January 12th. Robert W. Baird reiterated 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. Cantor Fitzgerald assumed coverage on shares of Mastercard in a research report on Thursday, September 28th. They issued an “overweight” rating and a $165.00 price target for the company. Finally, Wells Fargo & Co reiterated an “outperform” rating and issued a $178.00 price target (up previously from $167.00) on shares of Mastercard in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $162.22.
In other news, insider Edward Grunde Mclaughlin sold 17,167 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 47,901 shares of the company’s stock, valued at approximately $7,271,850.81. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.30% of the company’s stock.
Mastercard Incorporated (NYSE:MA) opened at $168.28 on Tuesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market cap of $176,616.58, a price-to-earnings ratio of 39.13, a price-to-earnings-growth ratio of 1.88 and a beta of 1.20. Mastercard Incorporated has a 12 month low of $104.01 and a 12 month high of $168.33.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating the 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 net margin of 38.70% and a return on equity of 78.38%. Mastercard’s revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.08 EPS. equities research analysts anticipate that Mastercard Incorporated will post 4.55 earnings per share for the current fiscal year.
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 is a boost from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.59%. Mastercard’s dividend payout ratio is 23.26%.
Mastercard announced that its Board of Directors has approved a share buyback plan on Monday, December 4th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.
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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.
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