Fulton Breakefield Broenniman LLC decreased its position in shares of Mastercard Inc (NYSE:MA) by 45.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 801 shares of the credit services provider’s stock after selling 675 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Mastercard were worth $239,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MA. Dubuque Bank & Trust Co. raised its holdings in shares of Mastercard by 2.2% in the 4th quarter. Dubuque Bank & Trust Co. now owns 4,264 shares of the credit services provider’s stock worth $1,273,000 after purchasing an additional 90 shares in the last quarter. Kistler Tiffany Companies LLC lifted its stake in Mastercard by 7.9% during the fourth quarter. Kistler Tiffany Companies LLC now owns 2,201 shares of the credit services provider’s stock valued at $657,000 after purchasing an additional 161 shares during the last quarter. Winslow Evans & Crocker Inc. lifted its stake in Mastercard by 0.6% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 42,586 shares of the credit services provider’s stock valued at $12,718,000 after purchasing an additional 262 shares during the last quarter. Sabal Trust CO acquired a new stake in Mastercard during the fourth quarter valued at approximately $225,000. Finally, Alpha Windward LLC boosted its holdings in Mastercard by 5.4% during the fourth quarter. Alpha Windward LLC now owns 1,647 shares of the credit services provider’s stock worth $492,000 after buying an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 73.84% of the company’s stock.
NYSE MA opened at $310.64 on Wednesday. The firm’s 50 day moving average price is $297.37 and its two-hundred day moving average price is $280.71. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.39 and a current ratio of 1.39. Mastercard Inc has a twelve month low of $193.10 and a twelve month high of $316.42. The stock has a market cap of $313.93 billion, a price-to-earnings ratio of 47.86, a PEG ratio of 2.16 and a beta of 1.03.
Mastercard (NYSE:MA) last released its earnings results on Tuesday, October 29th. The credit services provider reported $2.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.01 by $0.14. The company had revenue of $4.47 billion during the quarter, compared to analyst estimates of $4.41 billion. Mastercard had a return on equity of 146.92% and a net margin of 42.50%. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.78 earnings per share. On average, research analysts forecast that Mastercard Inc will post 7.69 EPS for the current fiscal year.
Mastercard declared that its board has approved a stock repurchase plan on Tuesday, December 3rd that authorizes the company to buyback $8.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to purchase up to 2.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be paid a $0.40 dividend. This is an increase from Mastercard’s previous quarterly dividend of $0.33. This represents a $1.60 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, January 8th. Mastercard’s dividend payout ratio is currently 24.65%.
In related news, insider Michael Miebach sold 4,205 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $295.10, for a total transaction of $1,240,895.50. Following the transaction, the insider now directly owns 16,983 shares of the company’s stock, valued at $5,011,683.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 7,542 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $278.16, for a total transaction of $2,097,882.72. Following the transaction, the insider now directly owns 112,015,230 shares in the company, valued at $31,158,156,376.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 129,108 shares of company stock valued at $36,637,812. Company insiders own 3.70% of the company’s stock.
MA has been the topic of several recent research reports. Compass Point assumed coverage on shares of Mastercard in a research report on Thursday, December 5th. They issued a “buy” rating and a $330.00 price target on the stock. Morgan Stanley increased their price objective on Mastercard from $317.00 to $338.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. SunTrust Banks raised their price objective on Mastercard from $325.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Tigress Financial reissued a “buy” rating on shares of Mastercard in a research note on Monday, December 23rd. Finally, BMO Capital Markets lifted their target price on Mastercard to $348.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $313.73.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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