Thornburg Investment Management Inc. grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 366,102 shares of the credit services provider’s stock after buying an additional 13,851 shares during the period. Thornburg Investment Management Inc.’s holdings in Mastercard were worth $51,694,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in MA. Vanguard Group Inc. boosted its holdings in shares of Mastercard by 2.3% during the second 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 last quarter. Janus Henderson Group PLC boosted its holdings in shares of Mastercard by 784.3% during the second quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock worth $2,048,899,000 after purchasing an additional 14,962,583 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of Mastercard by 15.8% during the second quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock worth $1,540,665,000 after purchasing an additional 1,729,179 shares during the last quarter. Capital World Investors boosted its holdings in shares of Mastercard by 2.3% during the second quarter. Capital World Investors now owns 12,675,652 shares of the credit services provider’s stock worth $1,539,458,000 after purchasing an additional 289,488 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in shares of Mastercard by 6.0% during the second quarter. UBS Asset Management Americas Inc. now owns 6,174,892 shares of the credit services provider’s stock worth $749,941,000 after purchasing an additional 347,768 shares during the last quarter. 75.61% of the stock is owned by institutional investors.
MA has been the topic of several analyst reports. Zacks Investment Research cut Mastercard from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Cantor Fitzgerald initiated coverage on Mastercard in a report on Thursday, September 28th. They set an “overweight” rating and a $165.00 price objective on the stock. Buckingham Research initiated coverage on Mastercard in a report on Monday, October 2nd. They set a “buy” rating and a $163.00 price objective on the stock. Wells Fargo & Co upgraded Mastercard from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $130.00 to $160.00 in a report on Wednesday, October 11th. Finally, Cowen restated a “buy” rating and set a $137.00 price objective on shares of Mastercard in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $162.22.
In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the transaction, the insider now owns 47,901 shares in the company, valued at $7,271,850.81. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.30% of the company’s stock.
Mastercard Incorporated (MA) opened at $166.83 on Friday. The company has a market capitalization of $176,616.58, a PE ratio of 38.80, a price-to-earnings-growth ratio of 1.88 and a beta of 1.20. Mastercard Incorporated has a one year low of $104.01 and a one year high of $166.95. 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 (NYSE:MA) last issued its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 EPS 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 analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.08 earnings per share. sell-side analysts expect that Mastercard Incorporated will post 4.55 EPS for the current 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 paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date is Monday, January 8th. This is a boost from Mastercard’s previous quarterly dividend of $0.22. Mastercard’s payout ratio is currently 23.26%.
Mastercard declared that its Board of Directors has approved 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 buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
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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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