US Bancorp DE grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 963,398 shares of the credit services provider’s stock after buying an additional 660 shares during the period. US Bancorp DE’s holdings in Mastercard were worth $343,019,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its holdings in Mastercard by 0.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,339,289 shares of the credit services provider’s stock worth $10,458,136,000 after purchasing an additional 171,333 shares in the last quarter. Morgan Stanley lifted its stake in shares of Mastercard by 14.6% during the 4th quarter. Morgan Stanley now owns 17,118,275 shares of the credit services provider’s stock worth $6,110,200,000 after purchasing an additional 2,181,047 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Mastercard by 3.0% during the 4th quarter. Bank of New York Mellon Corp now owns 14,102,981 shares of the credit services provider’s stock worth $5,033,916,000 after purchasing an additional 413,872 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Mastercard by 0.9% during the 4th quarter. Janus Henderson Group PLC now owns 11,216,598 shares of the credit services provider’s stock worth $4,003,395,000 after purchasing an additional 101,468 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Mastercard during the 4th quarter worth $3,290,758,000. 73.64% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on MA shares. Deutsche Bank Aktiengesellschaft upped their price objective on Mastercard from $383.00 to $420.00 and gave the stock a “buy” rating in a research note on Thursday, January 14th. Mizuho increased their price objective on Mastercard from $430.00 to $435.00 and gave the company a “buy” rating in a report on Friday. Robert W. Baird reissued a “buy” rating on shares of Mastercard in a report on Sunday, February 28th. Zacks Investment Research raised Mastercard from a “sell” rating to a “hold” rating and set a $358.00 price objective on the stock in a report on Tuesday, February 16th. Finally, Truist Securities raised their target price on Mastercard from $415.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, March 9th. Three investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $382.26.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, April 29th. The credit services provider reported $1.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.19. Mastercard had a return on equity of 114.80% and a net margin of 43.13%. The business had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the previous year, the firm posted $1.83 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. As a group, research analysts expect that Mastercard Incorporated will post 6.31 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 7th. Stockholders of record on Friday, April 9th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Thursday, April 8th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.47%. Mastercard’s payout ratio is presently 22.65%.
In related news, insider Michael Fraccaro sold 1,374 shares of the business’s stock in a transaction on Monday, April 5th. The stock was sold at an average price of $370.00, for a total transaction of $508,380.00. Following the completion of the transaction, the insider now directly owns 7,640 shares of the company’s stock, valued at approximately $2,826,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 171,594 shares of the business’s stock in a transaction on Wednesday, February 3rd. The stock was sold at an average price of $327.73, for a total value of $56,236,501.62. Following the transaction, the insider now directly owns 108,382,229 shares of the company’s stock, valued at $35,520,107,910.17. The disclosure for this sale can be found here. Insiders sold 511,123 shares of company stock valued at $172,961,649 over the last ninety days. Insiders own 3.79% of the company’s stock.
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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