DE Burlo Group Inc. lifted its holdings in Mastercard Incorporated (NYSE:MA) by 26.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,910 shares of the credit services provider’s stock after buying an additional 4,350 shares during the period. DE Burlo Group Inc.’s holdings in Mastercard were worth $2,952,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. Boys Arnold & Co. Inc. grew its holdings in Mastercard by 7.8% during the 2nd quarter. Boys Arnold & Co. Inc. now owns 5,006 shares of the credit services provider’s stock valued at $608,000 after purchasing an additional 363 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in Mastercard during the 2nd quarter valued at about $2,351,000. Baldwin Investment Management LLC grew its holdings in Mastercard by 5.9% during the 2nd quarter. Baldwin Investment Management LLC now owns 3,600 shares of the credit services provider’s stock valued at $437,000 after purchasing an additional 200 shares during the last quarter. IBM Retirement Fund grew its holdings in Mastercard by 68.8% during the 2nd quarter. IBM Retirement Fund now owns 23,051 shares of the credit services provider’s stock valued at $3,128,000 after purchasing an additional 9,397 shares during the last quarter. Finally, Oribel Capital Management LP bought a new position in Mastercard during the 1st quarter valued at about $5,849,000. Hedge funds and other institutional investors own 75.58% of the company’s stock.
Several equities 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 on the stock in a report on Thursday. Sanford C. Bernstein reissued a “buy” rating and issued a $180.00 price objective (up from $166.00) on shares of Mastercard in a research report on Monday, December 11th. Cowen reissued a “buy” rating and issued a $137.00 price objective on shares of Mastercard in a research report on Thursday, October 12th. Zacks Investment Research cut shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, Mizuho reissued a “hold” rating and issued a $140.00 price objective on shares of Mastercard in a research report on Thursday, October 12th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $161.82.
In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of the company’s stock in a transaction that occurred 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 owns 47,901 shares in the company, valued at approximately $7,271,850.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.30% of the company’s stock.
Shares of Mastercard Incorporated (NYSE MA) opened at $162.33 on Friday. Mastercard Incorporated has a 52-week low of $104.01 and a 52-week high of $162.52. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market cap of $171,850.00, a P/E ratio of 37.84, a P/E/G ratio of 1.82 and a beta of 1.21.
Mastercard (NYSE:MA) last posted its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The company had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the prior year, the company posted $1.08 earnings per share. Mastercard’s revenue for the quarter was up 18.1% compared to the same quarter last year. equities analysts forecast that Mastercard Incorporated will post 4.54 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Tuesday, January 9th will be paid a dividend of $0.25 per share. 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.62%. Mastercard’s dividend payout ratio is presently 23.31%.
Mastercard announced that its board has authorized a share buyback program 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 reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors 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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