Mastercard Incorporated (MA) Shares Bought by Nationwide Fund Advisors

Nationwide Fund Advisors grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 5.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 357,175 shares of the credit services provider’s stock after purchasing an additional 17,722 shares during the period. Nationwide Fund Advisors’ holdings in Mastercard were worth $50,433,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Flagship Harbor Advisors LLC lifted its holdings in shares of Mastercard by 22.2% during the third quarter. Flagship Harbor Advisors LLC now owns 2,835 shares of the credit services provider’s stock valued at $409,000 after purchasing an additional 515 shares during the last quarter. Personal Capital Advisors Corp lifted its holdings in shares of Mastercard by 1.0% during the third quarter. Personal Capital Advisors Corp now owns 273,101 shares of the credit services provider’s stock valued at $38,562,000 after purchasing an additional 2,663 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Mastercard during the third quarter valued at $762,000. Strs Ohio lifted its holdings in shares of Mastercard by 1.4% during the third quarter. Strs Ohio now owns 925,360 shares of the credit services provider’s stock valued at $130,660,000 after purchasing an additional 13,191 shares during the last quarter. Finally, APG Asset Management N.V. raised its position in Mastercard by 133.0% during the third quarter. APG Asset Management N.V. now owns 1,927,727 shares of the credit services provider’s stock valued at $272,195,000 after buying an additional 1,100,200 shares during the period. 75.81% of the stock is owned by institutional investors and hedge funds.

Shares of Mastercard Incorporated (MA) traded up $0.24 during mid-day trading on Friday, reaching $151.93. The company’s stock had a trading volume of 3,016,700 shares, compared to its average volume of 3,219,936. 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 12 month low of $102.98 and a 12 month high of $154.65. The firm has a market cap of $160,588.44, a price-to-earnings ratio of 35.19, a P/E/G ratio of 2.02 and a beta of 1.20.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Tuesday, January 9th will be given a $0.25 dividend. This is a positive change from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Monday, January 8th. Mastercard’s dividend payout ratio is presently 20.47%.

Mastercard declared that its Board of Directors has approved a share buyback plan on Monday, December 4th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Several research analysts recently weighed in on the company. Sanford C. Bernstein reissued a “buy” rating and set a $180.00 price target (up from $166.00) on shares of Mastercard in a research report on Monday. Vetr raised Mastercard from a “buy” rating to a “strong-buy” rating and set a $161.72 price target on the stock in a research report on Tuesday, December 5th. Zacks Investment Research lowered Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Bank of America upped their price target on Mastercard from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Finally, J P Morgan Chase & Co upped their price target on Mastercard from $152.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. Two equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $159.69.

In other news, Director Richard Haythornthwaite sold 5,000 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $142.51, for a total transaction of $712,550.00. Following the transaction, the director now owns 45,278 shares of the company’s stock, valued at approximately $6,452,567.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Craig Vosburg sold 14,200 shares of the stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $141.86, for a total value of $2,014,412.00. Following the transaction, the insider now directly owns 40,646 shares in the company, valued at approximately $5,766,041.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,000 shares of company stock worth $3,582,984. Insiders own 0.30% of the company’s stock.

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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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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