Robeco Institutional Asset Management B.V. lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 23.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 554,623 shares of the credit services provider’s stock after purchasing an additional 106,125 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Mastercard were worth $83,947,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MA. Vanguard Group Inc. lifted its stake in Mastercard by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock worth $7,930,357,000 after purchasing an additional 1,490,267 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Mastercard by 784.3% in 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 purchasing an additional 14,962,583 shares in the last quarter. Jennison Associates LLC lifted its stake in Mastercard by 0.5% in 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 purchasing an additional 82,024 shares in the last quarter. Capital Research Global Investors lifted its stake in Mastercard by 15.8% in 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 purchasing an additional 1,729,179 shares in the last quarter. Finally, Capital World Investors lifted its stake in Mastercard by 2.3% in the 2nd quarter. Capital World Investors now owns 12,675,652 shares of the credit services provider’s stock worth $1,539,458,000 after purchasing an additional 289,488 shares in the last quarter. Institutional investors own 75.66% of the company’s stock.
Several brokerages have commented on MA. Vetr upgraded shares of Mastercard from a “sell” rating to a “buy” rating and set a $182.50 price target on the stock in a research note on Thursday. Piper Jaffray Companies boosted their price target on shares of Mastercard from $208.00 to $212.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Morgan Stanley boosted their price target on shares of Mastercard from $178.00 to $192.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Barclays boosted their price target on shares of Mastercard from $178.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Cantor Fitzgerald boosted their price target on shares of Mastercard to $198.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. Mastercard has an average rating of “Buy” and a consensus price target of $177.40.
In related news, insider Edward Grunde Mclaughlin sold 17,167 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the transaction, the insider now directly owns 47,901 shares in the company, valued at approximately $7,271,850.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.30% of the company’s stock.
Mastercard Incorporated (NYSE MA) opened at $175.65 on Friday. The company has a market cap of $185,135.09, a PE ratio of 38.27, a P/E/G ratio of 1.63 and a beta of 1.26. Mastercard Incorporated has a fifty-two week low of $108.98 and a fifty-two week high of $177.11. The company has a current ratio of 1.57, a quick ratio of 1.66 and a debt-to-equity ratio of 0.99.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 EPS for the quarter, beating 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 net margin of 31.33% and a return on equity of 83.57%. The firm’s revenue was up 20.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 EPS. equities analysts predict that Mastercard Incorporated will post 5.88 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 6th. This represents a $1.00 annualized dividend and a yield of 0.57%. Mastercard’s payout ratio is 27.40%.
Mastercard declared that its Board of Directors has approved a stock repurchase plan on Monday, December 4th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the credit services provider to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
COPYRIGHT VIOLATION NOTICE: “Robeco Institutional Asset Management B.V. Has $83.95 Million Position in Mastercard Incorporated (MA)” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at https://ledgergazette.com/2018/02/18/robeco-institutional-asset-management-b-v-has-83-95-million-position-in-mastercard-incorporated-ma.html.
Mastercard Company Profile
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.
Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA).
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.