Mastercard Incorporated (MA) Stake Lifted by Rathbone Brothers plc

Rathbone Brothers plc raised its position in Mastercard Incorporated (NYSE:MA) by 1.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 280,331 shares of the credit services provider’s stock after purchasing an additional 4,508 shares during the period. Mastercard accounts for approximately 1.7% of Rathbone Brothers plc’s portfolio, making the stock its 14th largest position. Rathbone Brothers plc’s holdings in Mastercard were worth $42,431,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Massey Quick Simon & CO. LLC acquired a new position in shares of Mastercard during the 3rd quarter valued at $102,000. Wealthcare Advisory Partners LLC acquired a new position in shares of Mastercard during the 3rd quarter valued at $106,000. Thompson Davis & CO. Inc. lifted its position in shares of Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 546 shares during the period. Cerebellum GP LLC acquired a new position in shares of Mastercard during the 4th quarter valued at $133,000. Finally, Horan Capital Advisors LLC. acquired a new position in shares of Mastercard during the 3rd quarter valued at $131,000. Hedge funds and other institutional investors own 75.66% of the company’s stock.

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 value of $2,606,122.27. Following the completion of the sale, the insider now owns 47,901 shares in the company, valued at approximately $7,271,850.81. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.30% of the company’s stock.

Shares of Mastercard Incorporated (NYSE:MA) opened at $174.69 on Friday. Mastercard Incorporated has a one year low of $108.89 and a one year high of $177.11. The company has a quick ratio of 1.66, a current ratio of 1.57 and a debt-to-equity ratio of 0.99. The stock has a market cap of $184,940.00, a price-to-earnings ratio of 39.08, a PEG ratio of 1.58 and a beta of 1.26.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.02. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The firm had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the prior year, the business posted $0.86 EPS. The business’s revenue was up 20.2% compared to the same quarter last year. research analysts expect that Mastercard Incorporated will post 5.88 earnings per share for the current year.

Mastercard announced that its board has initiated a stock buyback program on Monday, December 4th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the credit services provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Monday, April 9th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 6th. This represents a $1.00 annualized dividend and a dividend yield of 0.57%. Mastercard’s payout ratio is 22.37%.

A number of research analysts recently issued reports on MA shares. Sanford C. Bernstein reiterated a “buy” rating and set a $180.00 target price (up previously from $166.00) on shares of Mastercard in a research report on Monday, December 11th. Nomura boosted their target price on shares of Mastercard from $163.00 to $164.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. SunTrust Banks boosted their target price on shares of Mastercard to $180.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Loop Capital boosted their target price on shares of Mastercard to $167.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. They noted that the move was a valuation call. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $165.00 target price on shares of Mastercard in a research report on Tuesday, October 31st. Two investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $177.40.

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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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