Gamble Jones Investment Counsel decreased its stake in shares of Mastercard Inc (NYSE:MA) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,455 shares of the credit services provider’s stock after selling 1,751 shares during the quarter. Mastercard comprises about 1.1% of Gamble Jones Investment Counsel’s portfolio, making the stock its 17th biggest holding. Gamble Jones Investment Counsel’s holdings in Mastercard were worth $11,270,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Mastercard by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock valued at $7,930,357,000 after acquiring an additional 1,490,267 shares during the period. Janus Henderson Group PLC lifted its position in shares of Mastercard by 784.3% during the 2nd quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock worth $2,048,899,000 after buying an additional 14,962,583 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Mastercard by 0.5% during the 4th quarter. Jennison Associates LLC now owns 15,246,959 shares of the credit services provider’s stock worth $2,307,780,000 after buying an additional 82,024 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Mastercard by 15.8% during the 2nd quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock worth $1,540,665,000 after buying an additional 1,729,179 shares during the last quarter. Finally, Capital World Investors raised its position in Mastercard by 2.3% in the second quarter. Capital World Investors now owns 12,675,652 shares of the credit services provider’s stock valued at $1,539,458,000 after purchasing an additional 289,488 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.
MA has been the subject of several recent research reports. Barclays increased their price target on Mastercard from $170.00 to $178.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Argus raised Mastercard from a “hold” rating to a “buy” rating and set a $200.00 target price for the company in a research note on Friday, February 2nd. KeyCorp increased their price target on Mastercard from $170.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Zacks Investment Research lowered Mastercard from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Sanford C. Bernstein restated a “buy” rating and issued a $180.00 target price (up previously from $166.00) on shares of Mastercard in a report on Monday, December 11th. Two research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $177.40.
Shares of Mastercard Inc (NYSE:MA) traded down $0.61 during trading hours on Wednesday, reaching $180.40. The company had a trading volume of 1,746,580 shares, compared to its average volume of 4,005,825. Mastercard Inc has a 52 week low of $110.33 and a 52 week high of $183.73. The stock has a market cap of $189,150.00, a P/E ratio of 41.17, a PEG ratio of 1.68 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.57 and a current ratio of 1.57.
Mastercard (NYSE:MA) last posted its earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.02. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. The firm had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the prior year, the business earned $0.86 EPS. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. equities research analysts anticipate that Mastercard Inc will post 5.93 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be paid a $0.25 dividend. The ex-dividend date is Friday, April 6th. This represents a $1.00 annualized dividend and a dividend yield of 0.55%. Mastercard’s payout ratio is currently 22.83%.
Mastercard declared that its board has initiated a stock repurchase plan 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 repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
In related news, insider Edward Grunde Mclaughlin sold 17,167 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total value of $2,606,122.27. Following 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 Securities & Exchange Commission, which is accessible through this link. Also, Director David R. Carlucci sold 5,950 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $183.10, for a total value of $1,089,445.00. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.
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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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