Atlanta Capital Management Co. L L C decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 3.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 823,435 shares of the credit services provider’s stock after selling 31,908 shares during the period. Atlanta Capital Management Co. L L C owned about 0.08% of Mastercard worth $100,007,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Mastercard by 2.3% during 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 during the period. State Street Corp increased its holdings in shares of Mastercard by 0.4% in the 1st quarter. State Street Corp now owns 37,454,824 shares of the credit services provider’s stock valued at $4,212,546,000 after acquiring an additional 140,515 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of 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 valued at $2,048,899,000 after acquiring an additional 14,962,583 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of 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 valued at $1,540,665,000 after acquiring an additional 1,729,179 shares during the last quarter. Finally, Capital World Investors increased its holdings in shares of Mastercard by 2.3% in the 2nd quarter. Capital World Investors now owns 12,675,652 shares of the credit services provider’s stock valued at $1,539,458,000 after acquiring an additional 289,488 shares during the last quarter. 75.81% of the stock is currently owned by hedge funds and other institutional investors.
Mastercard Incorporated (NYSE MA) traded up $2.12 during trading on Tuesday, reaching $145.55. The company’s stock had a trading volume of 3,239,410 shares, compared to its average volume of 3,202,213. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.83. The firm has a market cap of $153,600.00, a PE ratio of 34.73, a price-to-earnings-growth ratio of 1.99 and a beta of 1.21. Mastercard Incorporated has a 52 week low of $101.80 and a 52 week high of $154.65.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.23 by $0.11. The business had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period last year, the firm earned $1.08 EPS. equities analysts predict that Mastercard Incorporated will post 4.54 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 9th will be issued a $0.25 dividend. This is a boost from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a dividend yield of 0.69%. Mastercard’s dividend payout ratio (DPR) is currently 20.51%.
Mastercard announced that its board has approved a stock repurchase plan on Monday, December 4th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the credit services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
A number of research analysts have recently commented on the company. Vetr upgraded Mastercard from a “buy” rating to a “strong-buy” rating and set a $161.72 price objective on the stock in a report on Tuesday. Piper Jaffray Companies reiterated an “overweight” rating and issued a $150.00 price objective (up previously from $143.00) on shares of Mastercard in a report on Friday, September 8th. Cowen reiterated a “buy” rating and issued a $137.00 price objective on shares of Mastercard in a report on Thursday, October 12th. Bank of America raised their price target on Mastercard from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Finally, Zacks Investment Research downgraded Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Two research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $159.22.
In other news, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total value of $712,550.00. Following the completion of the sale, the director now directly owns 45,278 shares of the company’s stock, valued at approximately $6,452,567.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Craig Vosburg sold 14,200 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total value of $2,014,412.00. Following the completion of the sale, the insider now directly owns 40,646 shares of the company’s stock, valued at $5,766,041.56. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock valued at $3,582,984 over the last three months. 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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