DekaBank Deutsche Girozentrale increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 522,149 shares of the credit services provider’s stock after acquiring an additional 10,440 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Mastercard were worth $69,616,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MA. Massey Quick Simon & CO. LLC bought a new stake in Mastercard during the third quarter worth about $102,000. Chicago Partners Investment Group LLC raised its holdings in Mastercard by 1,365.6% during the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after acquiring an additional 874 shares in the last quarter. Thompson Davis & CO. Inc. raised its holdings in Mastercard by 170.1% during the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after acquiring an additional 546 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in Mastercard by 1.3% during the second quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock worth $118,000 after acquiring an additional 12 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Mastercard in the second quarter valued at approximately $121,000. Institutional investors and hedge funds own 75.57% of the company’s stock.
MA has been the topic of several research analyst reports. Instinet restated a “buy” rating and issued a $163.00 price objective (up previously from $153.00) on shares of Mastercard in a research note on Saturday, September 9th. KeyCorp restated a “buy” rating and issued a $165.00 price objective on shares of Mastercard in a research note on Wednesday, October 18th. Royal Bank of Canada lowered Mastercard from a “top pick” rating to an “outperform” rating and set a $130.00 price objective on the stock. in a research note on Thursday. BMO Capital Markets restated an “outperform” rating and issued a $174.00 price objective (up previously from $157.00) on shares of Mastercard in a research note on Wednesday, November 1st. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $161.00 price objective on shares of Mastercard in a research note on Friday, October 13th. Two investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Mastercard currently has a consensus rating of “Buy” and a consensus price target of $159.45.
In other news, insider Michael Fraccaro sold 5,800 shares of the stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total transaction of $856,022.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Edward Grunde Mclaughlin sold 17,167 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total value of $2,606,122.27. Following the sale, the insider now directly owns 47,901 shares in the company, valued at approximately $7,271,850.81. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.
Mastercard Incorporated (NYSE MA) opened at $159.04 on Friday. The firm has a market capitalization of $168,370.00, a P/E ratio of 37.07, a PEG ratio of 1.76 and a beta of 1.21. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66. Mastercard Incorporated has a 52 week low of $104.01 and a 52 week high of $159.04.
Mastercard (NYSE:MA) last announced its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.11. The company had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The firm’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.08 earnings per share. research analysts expect that Mastercard Incorporated will post 4.54 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 9th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, January 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.63%. This is a positive change from Mastercard’s previous quarterly dividend of $0.22. Mastercard’s dividend payout ratio (DPR) is 20.51%.
Mastercard announced that its Board of Directors has initiated a share buyback program on Monday, December 4th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.
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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.
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