Koch Industries Inc. Invests $867,000 in Mastercard Incorporated (MA)

Koch Industries Inc. bought a new position in Mastercard Incorporated (NYSE:MA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 874,170 shares of the credit services provider’s stock, valued at approximately $867,000. Koch Industries Inc. owned approximately 0.08% of Mastercard at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Tredje AP fonden raised its position in Mastercard by 2.1% during the first quarter. Tredje AP fonden now owns 88,165 shares of the credit services provider’s stock valued at $9,916,000 after purchasing an additional 1,811 shares during the period. Alley Co LLC raised its position in Mastercard by 5.1% during the first quarter. Alley Co LLC now owns 31,430 shares of the credit services provider’s stock valued at $3,535,000 after purchasing an additional 1,529 shares during the period. Sphera Funds Management LTD. raised its position in Mastercard by 6.5% during the first quarter. Sphera Funds Management LTD. now owns 11,525 shares of the credit services provider’s stock valued at $1,296,000 after purchasing an additional 700 shares during the period. Comerica Securities Inc. raised its position in Mastercard by 4.5% during the first quarter. Comerica Securities Inc. now owns 10,313 shares of the credit services provider’s stock valued at $1,160,000 after purchasing an additional 447 shares during the period. Finally, InterOcean Capital LLC raised its position in Mastercard by 37.4% during the first quarter. InterOcean Capital LLC now owns 106,443 shares of the credit services provider’s stock valued at $11,972,000 after purchasing an additional 28,948 shares during the period. Institutional investors own 75.81% of the company’s stock.

In related news, insider Craig Vosburg sold 14,200 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $141.86, for a total value of $2,014,412.00. Following the transaction, the insider now owns 40,646 shares of the company’s stock, valued at $5,766,041.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard Haythornthwaite sold 5,000 shares of the 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 completion of the transaction, the director now directly owns 45,278 shares in the company, valued at approximately $6,452,567.78. The disclosure for this sale can be found here. In 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.

A number of equities research analysts have issued reports on MA shares. Wedbush restated a “buy” rating and set a $140.00 price objective (up from $129.00) on shares of Mastercard in a research report on Wednesday, September 6th. Susquehanna Bancshares restated a “positive” rating and set a $158.00 price objective (up from $149.00) on shares of Mastercard in a research report on Friday, September 8th. Barclays upped their price objective on Mastercard from $142.00 to $148.00 and gave the company an “overweight” rating in a research report on Friday, September 8th. Citigroup upped their price objective on Mastercard from $157.00 to $167.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Finally, Instinet restated a “buy” rating and set a $163.00 price objective (up from $153.00) on shares of Mastercard in a research report on Saturday, September 9th. Two equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $159.22.

Shares of Mastercard Incorporated (NYSE:MA) traded up $2.29 during trading hours on Thursday, reaching $147.42. The company had a trading volume of 3,751,900 shares, compared to its average volume of 3,219,893. Mastercard Incorporated has a 52 week low of $102.62 and a 52 week high of $154.65. The company has a market capitalization of $153,643.63, a PE ratio of 33.67, a P/E/G ratio of 1.93 and a beta of 1.20. 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 (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, topping the 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 quarter in the prior year, the firm earned $1.08 earnings per share. Mastercard’s revenue was up 18.1% compared to the same quarter last year. sell-side analysts anticipate that Mastercard Incorporated will post 4.54 EPS for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Tuesday, January 9th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, January 8th. This represents a $1.00 annualized dividend and a yield of 0.68%. This is a boost from Mastercard’s previous quarterly dividend of $0.22. Mastercard’s dividend payout ratio is 20.47%.

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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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