Mutual Advisors LLC Acquires 378 Shares of Mastercard Incorporated (NYSE:MA)

Mutual Advisors LLC increased its holdings in shares of Mastercard Incorporated (NYSE:MAGet Rating) by 8.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,757 shares of the credit services provider’s stock after purchasing an additional 378 shares during the quarter. Mutual Advisors LLC’s holdings in Mastercard were worth $1,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Price T Rowe Associates Inc. MD increased its position in Mastercard by 13.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 26,909,008 shares of the credit services provider’s stock worth $8,489,253,000 after buying an additional 3,102,135 shares in the last quarter. Jennison Associates LLC grew its position in shares of Mastercard by 1.6% during the third quarter. Jennison Associates LLC now owns 7,874,093 shares of the credit services provider’s stock worth $2,238,920,000 after purchasing an additional 121,731 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Mastercard by 2.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,870,234 shares of the credit services provider’s stock valued at $2,167,420,000 after buying an additional 137,324 shares during the last quarter. Legal & General Group Plc boosted its stake in Mastercard by 3.0% during the second quarter. Legal & General Group Plc now owns 6,409,476 shares of the credit services provider’s stock valued at $2,022,062,000 after buying an additional 188,626 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Mastercard by 0.7% during the second quarter. Franklin Resources Inc. now owns 5,997,669 shares of the credit services provider’s stock valued at $1,892,145,000 after buying an additional 39,757 shares during the last quarter. 74.51% of the stock is owned by institutional investors.

Mastercard Trading Up 2.3 %

Shares of NYSE:MA opened at $376.28 on Monday. Mastercard Incorporated has a 12-month low of $276.87 and a 12-month high of $399.92. The business’s fifty day simple moving average is $353.48 and its 200-day simple moving average is $334.63. The company has a market capitalization of $361.78 billion, a PE ratio of 37.59, a P/E/G ratio of 1.69 and a beta of 1.10. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 2.11.

Mastercard (NYSE:MAGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The credit services provider reported $2.68 earnings per share for the quarter, topping analysts’ consensus estimates of $2.57 by $0.11. The firm had revenue of $5.76 billion during the quarter, compared to analysts’ expectations of $5.66 billion. Mastercard had a return on equity of 148.94% and a net margin of 45.22%. As a group, equities research analysts predict that Mastercard Incorporated will post 10.56 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 9th. Stockholders of record on Monday, January 9th will be given a $0.57 dividend. This is a boost from Mastercard’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, January 6th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.61%. Mastercard’s dividend payout ratio (DPR) is presently 22.78%.

Insider Transactions at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 177,211 shares of Mastercard stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $319.89, for a total transaction of $56,688,026.79. Following the completion of the sale, the insider now owns 102,566,047 shares of the company’s stock, valued at approximately $32,809,852,774.83. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Linda Pistecchia Kirkpatrick sold 7,064 shares of the business’s stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $320.00, for a total value of $2,260,480.00. Following the completion of the transaction, the insider now owns 11,207 shares of the company’s stock, valued at approximately $3,586,240. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 177,211 shares of the business’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $319.89, for a total value of $56,688,026.79. Following the completion of the transaction, the insider now directly owns 102,566,047 shares of the company’s stock, valued at approximately $32,809,852,774.83. The disclosure for this sale can be found here. Insiders sold 367,819 shares of company stock valued at $117,733,271 in the last quarter. 0.29% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of research reports. StockNews.com initiated coverage on Mastercard in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Jefferies Financial Group raised their price objective on Mastercard from $370.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, January 18th. UBS Group lowered their price objective on Mastercard from $456.00 to $441.00 and set a “buy” rating for the company in a research note on Thursday, December 15th. Raymond James lowered their price objective on Mastercard from $417.00 to $406.00 and set an “outperform” rating for the company in a research note on Tuesday, October 18th. Finally, Robert W. Baird lowered their price objective on Mastercard from $416.00 to $370.00 in a research note on Tuesday, October 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $405.23.

About Mastercard

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Mastercard, Inc operates as a technology company. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs.

See Also

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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