GUARDCAP ASSET MANAGEMENT Ltd purchased a new position in shares of Mastercard (NYSE:MA) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 163,051 shares of the credit services provider’s stock, valued at approximately $24,679,000. Mastercard makes up approximately 10.3% of GUARDCAP ASSET MANAGEMENT Ltd’s portfolio, making the stock its 2nd biggest position.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Mastercard by 3.3% during the 4th quarter. BlackRock Inc. now owns 63,345,804 shares of the credit services provider’s stock valued at $9,588,019,000 after purchasing an additional 2,000,290 shares during the period. Jennison Associates LLC boosted its stake in Mastercard by 0.5% during the 4th quarter. Jennison Associates LLC now owns 15,246,959 shares of the credit services provider’s stock valued at $2,307,780,000 after purchasing an additional 82,024 shares during the period. Geode Capital Management LLC boosted its stake in Mastercard by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 10,930,672 shares of the credit services provider’s stock valued at $1,651,362,000 after purchasing an additional 396,897 shares during the period. Magellan Asset Management Ltd boosted its stake in Mastercard by 4.9% during the 4th quarter. Magellan Asset Management Ltd now owns 8,385,649 shares of the credit services provider’s stock valued at $1,269,252,000 after purchasing an additional 388,146 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its stake in Mastercard by 0.8% during the 4th quarter. TIAA CREF Investment Management LLC now owns 6,524,719 shares of the credit services provider’s stock valued at $987,581,000 after purchasing an additional 54,439 shares during the period. Institutional investors own 76.09% of the company’s stock.
MA stock opened at $177.95 on Monday. Mastercard has a 1-year low of $115.00 and a 1-year high of $183.73. The stock has a market cap of $186,179.09, a price-to-earnings ratio of 38.66, a price-to-earnings-growth ratio of 1.59 and a beta of 1.16. 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 quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter last year, the business posted $0.86 EPS. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. analysts predict that Mastercard will post 5.98 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Friday, April 6th. Mastercard’s dividend payout ratio is 21.83%.
A number of analysts have commented on the company. Vetr upgraded Mastercard from a “sell” rating to a “hold” rating and set a $158.70 price objective for the company in a research report on Thursday, January 11th. Tigress Financial reissued a “buy” rating on shares of Mastercard in a report on Thursday, February 8th. Argus raised Mastercard from a “hold” rating to a “buy” rating and set a $200.00 price target for the company in a report on Friday, February 2nd. Cantor Fitzgerald lifted their target price on Mastercard to $198.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $188.00 price target on the stock in a research report on Wednesday, January 24th. Two equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $179.78.
In other Mastercard news, General Counsel Timothy H. Murphy sold 30,628 shares of Mastercard stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $180.44, for a total value of $5,526,516.32. Following the sale, the general counsel now owns 59,907 shares of the company’s stock, valued at approximately $10,809,619.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David R. Carlucci sold 5,950 shares of Mastercard stock in a transaction dated Friday, March 9th. The shares were 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. Insiders sold a total of 45,571 shares of company stock worth $8,174,328 in the last three months. Company insiders own 0.30% 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.
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.