Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Mastercard Inc (NYSE:MA) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,820,773 shares of the credit services provider’s stock after buying an additional 101,289 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.27% of Mastercard worth $426,952,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. Massey Quick Simon & CO. LLC bought a new position in Mastercard in the third quarter worth approximately $102,000. Thompson Davis & CO. Inc. boosted its holdings in 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 in the last quarter. Wealthcare Advisory Partners LLC bought a new position in Mastercard in the third quarter worth approximately $106,000. Acrospire Investment Management LLC bought a new position in Mastercard in the second quarter worth approximately $121,000. Finally, Horan Capital Advisors LLC. bought a new position in Mastercard in the third quarter worth approximately $131,000. Institutional investors and hedge funds own 76.10% of the company’s stock.
In other news, Director David R. Carlucci sold 5,950 shares of the stock in a transaction on Friday, March 9th. The stock was sold at an average price of $183.10, for a total transaction of $1,089,445.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 17,167 shares of the 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 transaction, the insider now directly owns 47,901 shares in the company, valued at $7,271,850.81. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.
A number of research analysts have recently weighed in on MA shares. Cowen restated a “buy” rating and issued a $171.00 target price on shares of Mastercard in a report on Friday, January 12th. Vetr upgraded Mastercard from a “hold” rating to a “buy” rating and set a $157.45 price target on the stock in a report on Wednesday, November 29th. Barclays reiterated a “buy” rating and set a $170.00 price target on shares of Mastercard in a report on Friday, January 5th. Mizuho raised Mastercard from a “neutral” rating to a “buy” rating in a research report on Thursday, January 4th. Finally, Sanford C. Bernstein reissued a “buy” rating and issued a $180.00 target price (up from $166.00) on shares of Mastercard in a research report on Monday, December 11th. Two analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $177.40.
Mastercard Inc (MA) traded down $0.61 during trading on Wednesday, hitting $180.40. The company had a trading volume of 1,746,580 shares, compared to its average volume of 4,005,825. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market cap of $189,150.00, a P/E ratio of 41.17, a P/E/G ratio of 1.68 and a beta of 1.18. Mastercard Inc has a 52 week low of $110.33 and a 52 week high of $183.73.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.02. The company had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.25 billion. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.86 EPS. research analysts predict that Mastercard Inc will post 5.93 earnings per share for the current fiscal year.
Mastercard declared that its Board of Directors has approved a share buyback program on Monday, December 4th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be given a $0.25 dividend. The ex-dividend date is Friday, April 6th. This represents a $1.00 annualized dividend and a yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is presently 22.83%.
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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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