Baillie Gifford & Co. lifted its stake in Mastercard Incorporated (NYSE:MA) by 0.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,670,318 shares of the credit services provider’s stock after purchasing an additional 12,147 shares during the period. Mastercard accounts for about 1.0% of Baillie Gifford & Co.’s investment portfolio, making the stock its 20th biggest holding. Baillie Gifford & Co. owned about 0.53% of Mastercard worth $800,649,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. Chicago Partners Investment Group LLC increased its stake in Mastercard by 1,365.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 874 shares in the last quarter. Thompson Davis & CO. Inc. grew its stake in shares of Mastercard by 170.1% in the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after acquiring an additional 546 shares during the period. Proficio Capital Partners LLC grew its stake in shares of Mastercard by 1.3% in the second quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock worth $118,000 after acquiring an additional 12 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Mastercard in the second quarter worth approximately $121,000. Finally, Acrospire Investment Management LLC bought a new stake in shares of Mastercard in the second quarter worth approximately $121,000. 75.58% of the stock is owned by hedge funds and other institutional investors.
In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of the stock in a transaction dated 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 directly owns 47,901 shares of the company’s stock, valued at $7,271,850.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.30% of the company’s stock.
Mastercard Incorporated (MA) traded up $1.41 during trading hours on Friday, reaching $162.33. 3,039,310 shares of the company were exchanged, compared to its average volume of 3,470,000. Mastercard Incorporated has a 52 week low of $104.01 and a 52 week high of $162.52. The stock has a market capitalization of $171,850.00, a price-to-earnings ratio of 37.84, a PEG ratio of 1.82 and a beta of 1.21. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83.
Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.11. The company had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 earnings per share. sell-side analysts predict that Mastercard Incorporated will post 4.54 EPS for the current fiscal year.
Mastercard declared that its board has initiated a stock 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 reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Tuesday, January 9th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.62%. This is a positive change from Mastercard’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, January 8th. Mastercard’s dividend payout ratio is presently 23.31%.
A number of analysts have 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 note on Thursday. Cowen reissued a “buy” rating and issued a $171.00 price objective on shares of Mastercard in a report on Friday. Barclays reissued a “buy” rating and issued a $170.00 price objective on shares of Mastercard in a report on Friday, January 5th. Credit Suisse Group reaffirmed a “hold” rating and set a $164.00 price target on shares of Mastercard in a report on Monday, January 8th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $178.00 price target (up previously from $167.00) on shares of Mastercard in a report on Tuesday. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. Mastercard has an average rating of “Buy” and a consensus price target of $161.82.
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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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