Friedberg Investment Management Lowers Stake in Mastercard Incorporated (NYSE:MA)

Friedberg Investment Management trimmed its position in Mastercard Incorporated (NYSE:MA) by 77.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,280 shares of the credit services provider’s stock after selling 8,000 shares during the period. Friedberg Investment Management’s holdings in Mastercard were worth $322,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MA. First Interstate Bank increased its position in Mastercard by 47.5% during the 3rd quarter. First Interstate Bank now owns 2,423 shares of the credit services provider’s stock worth $342,000 after purchasing an additional 780 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Mastercard by 3.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 214,113 shares of the credit services provider’s stock worth $30,233,000 after purchasing an additional 7,383 shares in the last quarter. Mawer Investment Management Ltd. increased its position in Mastercard by 2.3% during the 3rd quarter. Mawer Investment Management Ltd. now owns 843,515 shares of the credit services provider’s stock worth $119,104,000 after purchasing an additional 18,780 shares in the last quarter. Willingdon Wealth Management increased its position in Mastercard by 4.7% during the 3rd quarter. Willingdon Wealth Management now owns 13,092 shares of the credit services provider’s stock worth $1,849,000 after purchasing an additional 586 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in Mastercard by 11.0% during the 3rd quarter. Pacer Advisors Inc. now owns 24,193 shares of the credit services provider’s stock worth $3,416,000 after purchasing an additional 2,402 shares in the last quarter. Institutional investors own 75.79% of the company’s stock.

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

Several analysts have issued reports on the stock. Barclays reaffirmed a “buy” rating and issued a $178.00 price objective (up previously from $170.00) on shares of Mastercard in a research report on Tuesday, January 30th. Argus raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $200.00 price target for the company in a research report on Friday. KeyCorp raised their price target on shares of Mastercard from $170.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday. Zacks Investment Research downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Sanford C. Bernstein reissued a “buy” rating and set a $180.00 price target (up previously from $166.00) on shares of Mastercard in a research report on Monday, December 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirty have issued a buy rating to the company’s stock. Mastercard currently has an average rating of “Buy” and a consensus target price of $176.64.

Shares of Mastercard Incorporated (NYSE:MA) traded down $5.96 on Monday, reaching $164.59. The company had a trading volume of 7,149,607 shares, compared to its average volume of 3,180,000. The stock has a market cap of $174,250.00, a PE ratio of 45.09, a P/E/G ratio of 1.80 and a beta of 1.26. Mastercard Incorporated has a 1 year low of $105.60 and a 1 year high of $177.11. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.57 and a quick ratio of 1.66.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.02. The firm had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. Mastercard’s revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the business posted $0.86 EPS. equities analysts anticipate that Mastercard Incorporated will post 5.62 EPS for the current year.

Mastercard announced that its Board of Directors has approved a share buyback program on Monday, December 4th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the credit services provider to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.61%. Mastercard’s dividend payout ratio is currently 27.40%.

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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.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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