Kiwi Wealth Investments Limited Partnership purchased a new stake in shares of Mastercard Incorporated (NYSE:MA) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 35,120 shares of the credit services provider’s stock, valued at approximately $4,959,000.
A number of other institutional investors also recently modified their holdings of MA. Massey Quick Simon & CO. LLC purchased a new stake in shares of Mastercard in the 3rd quarter valued at $102,000. Thompson Davis & CO. Inc. boosted its holdings in shares of Mastercard by 170.1% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 546 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of Mastercard by 1.3% in the 2nd quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock valued at $118,000 after acquiring an additional 12 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of Mastercard by 1,365.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 874 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Mastercard in the 2nd quarter valued at $121,000. Institutional investors and hedge funds own 75.57% of the company’s stock.
Mastercard Incorporated (NYSE MA) opened at $159.04 on Monday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83. The firm has a market cap of $168,370.00, a price-to-earnings ratio of 37.07, a price-to-earnings-growth ratio of 1.80 and a beta of 1.21. Mastercard Incorporated has a 12-month low of $104.01 and a 12-month high of $159.04.
Mastercard (NYSE:MA) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 earnings per share. equities analysts predict that Mastercard Incorporated will post 4.54 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Tuesday, January 9th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, January 8th. This is a boost from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a yield of 0.63%. Mastercard’s dividend payout ratio is currently 20.51%.
Mastercard declared that its board has authorized a share buyback program on Monday, December 4th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the credit services provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.
MA has been the topic of several recent research reports. Mizuho raised shares of Mastercard from a “neutral” rating to a “buy” rating in a report on Thursday. Citigroup upped their price objective on shares of Mastercard from $157.00 to $167.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Zacks Investment Research downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Guggenheim raised shares of Mastercard from a “neutral” rating to a “buy” rating and upped their price objective for the company from $135.00 to $153.00 in a report on Monday, September 11th. Finally, SunTrust Banks upped their price objective on shares of Mastercard to $180.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Two research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $159.45.
In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 47,901 shares in the company, valued at $7,271,850.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Fraccaro sold 5,800 shares of the company’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total transaction of $856,022.00. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.
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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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