Baird Financial Group Inc. reduced its stake in shares of Mastercard (NYSE:MA) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 392,052 shares of the credit services provider’s stock after selling 6,966 shares during the quarter. Baird Financial Group Inc.’s holdings in Mastercard were worth $59,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in MA. Intellectus Partners LLC boosted its position in shares of Mastercard by 3.2% during the 2nd quarter. Intellectus Partners LLC now owns 2,454 shares of the credit services provider’s stock valued at $298,000 after acquiring an additional 76 shares during the last quarter. Summit Financial Wealth Advisors LLC boosted its position in shares of Mastercard by 5.1% during the 2nd quarter. Summit Financial Wealth Advisors LLC now owns 1,869 shares of the credit services provider’s stock valued at $227,000 after acquiring an additional 90 shares during the last quarter. Bank of Hawaii boosted its position in shares of Mastercard by 0.3% during the 2nd quarter. Bank of Hawaii now owns 27,185 shares of the credit services provider’s stock valued at $3,302,000 after acquiring an additional 91 shares during the last quarter. JT Stratford LLC boosted its position in shares of Mastercard by 0.7% during the 2nd quarter. JT Stratford LLC now owns 23,773 shares of the credit services provider’s stock valued at $2,887,000 after acquiring an additional 155 shares during the last quarter. Finally, First Allied Advisory Services Inc. boosted its position in shares of Mastercard by 0.7% during the 2nd quarter. First Allied Advisory Services Inc. now owns 24,419 shares of the credit services provider’s stock valued at $2,968,000 after acquiring an additional 169 shares during the last quarter. 76.04% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently commented on MA shares. Zacks Investment Research downgraded Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Mizuho upgraded Mastercard from a “neutral” rating to a “buy” rating in a research report on Thursday, January 4th. Royal Bank of Canada downgraded Mastercard from a “top pick” rating to an “outperform” rating and set a $130.00 target price for the company. in a research report on Thursday, January 4th. Sanford C. Bernstein reiterated a “buy” rating and set a $180.00 target price (up from $166.00) on shares of Mastercard in a research report on Monday, December 11th. Finally, Vetr downgraded Mastercard from a “buy” rating to a “hold” rating and set a $158.61 target price for the company. in a research report on Monday, December 18th. Two research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $177.40.
Shares of Mastercard stock opened at $180.75 on Thursday. Mastercard has a 52-week low of $110.33 and a 52-week high of $183.73. The firm has a market capitalization of $189,858.94, a price-to-earnings ratio of 49.52, a PEG ratio of 1.66 and a beta of 1.17. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.57 and a current ratio of 1.57.
Mastercard (NYSE:MA) last released its 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. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. The business had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same period last year, the company earned $0.86 earnings per share. The business’s revenue for the quarter was up 20.2% compared to the same quarter last year. equities research analysts predict that Mastercard will post 5.93 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Monday, April 9th will be given 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 dividend yield of 0.55%. Mastercard’s dividend payout ratio (DPR) 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 reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.
In other news, General Counsel Timothy H. Murphy sold 30,628 shares of Mastercard stock in a transaction on Monday, March 19th. The stock was sold at an average price of $180.44, for a total transaction of $5,526,516.32. Following the completion of the sale, the general counsel now directly owns 59,907 shares in the company, valued at $10,809,619.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David R. Carlucci sold 5,950 shares of Mastercard stock in a transaction on Friday, March 9th. The stock was sold at an average price of $183.10, for a total value of $1,089,445.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,745 shares of company stock valued at $9,222,084. Corporate insiders own 0.30% of the company’s stock.
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Mastercard Company Profile
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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