Gilder Gagnon Howe & Co. LLC Has $15.01 Million Stake in Mastercard Incorporated (MA)

Gilder Gagnon Howe & Co. LLC trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA) by 2.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 106,315 shares of the credit services provider’s stock after selling 2,982 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Mastercard were worth $15,012,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Mastercard by 2.3% in 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 acquiring an additional 1,490,267 shares during the last quarter. Janus Henderson Group PLC boosted its stake in 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 worth $2,048,899,000 after purchasing an additional 14,962,583 shares during the period. Capital Research Global Investors boosted its stake in 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 worth $1,540,665,000 after purchasing an additional 1,729,179 shares during the period. Capital World Investors boosted its stake in Mastercard by 2.3% in the 2nd 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 period. Finally, UBS Asset Management Americas Inc. boosted its stake in Mastercard by 6.0% in the 2nd 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 period. Hedge funds and other institutional investors own 75.62% of the company’s stock.

In related news, insider Edward Grunde Mclaughlin sold 17,167 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 47,901 shares of the company’s stock, valued at approximately $7,271,850.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is currently owned by company insiders.

A number of analysts have recently issued reports on MA shares. Buckingham Research started coverage on Mastercard in a research report on Monday, October 2nd. They set a “buy” rating and a $163.00 price target for the company. Wells Fargo & Co upgraded Mastercard from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $130.00 to $160.00 in a research report on Wednesday, October 11th. Cowen restated a “buy” rating and issued a $137.00 target price on shares of Mastercard in a research report on Thursday, October 12th. Mizuho restated a “hold” rating and issued a $140.00 target price on shares of Mastercard in a research report on Thursday, October 12th. Finally, Stephens started coverage on Mastercard in a research note on Friday, October 13th. They issued an “overweight” rating and a $166.00 price target on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and twenty-nine have given a buy rating to the company. Mastercard presently has a consensus rating of “Buy” and an average target price of $164.66.

Shares of Mastercard Incorporated (MA) traded up $1.70 on Friday, reaching $170.34. The company’s stock had a trading volume of 2,190,000 shares, compared to its average volume of 2,890,000. 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 fifty-two week low of $104.01 and a fifty-two week high of $170.36. The stock has a market capitalization of $180,330.00, a PE ratio of 39.71, a price-to-earnings-growth ratio of 1.84 and a beta of 1.21.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. The company had revenue of $3.40 billion during 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 revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.08 earnings per share. equities research analysts forecast that Mastercard Incorporated will post 4.56 EPS for the current year.

Mastercard declared that its board has approved a stock repurchase program on Monday, December 4th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the credit services provider to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Tuesday, January 9th will be paid a dividend of $0.25 per share. This is a positive change from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Monday, January 8th. Mastercard’s dividend payout ratio (DPR) is currently 23.31%.

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About Mastercard

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.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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