Gofen & Glossberg LLC IL lifted its stake in Mastercard Incorporated (NYSE:MA) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 157,242 shares of the credit services provider’s stock after buying an additional 1,800 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in Mastercard were worth $23,800,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Massey Quick Simon & CO. LLC acquired a new position in shares of Mastercard during the third quarter valued at approximately $102,000. Thompson Davis & CO. Inc. raised its holdings in shares of Mastercard by 170.1% during the second 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. Wealthcare Advisory Partners LLC acquired a new position in shares of Mastercard during the third quarter valued at approximately $106,000. Proficio Capital Partners LLC raised its holdings in shares of Mastercard by 1.3% during the second 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. Finally, Acrospire Investment Management LLC acquired a new position in shares of Mastercard during the second quarter valued at approximately $121,000. Institutional investors own 75.66% of the company’s stock.
Several research firms recently commented on MA. Vetr raised Mastercard from a “sell” rating to a “hold” rating and set a $158.70 price target for the company in a report on Thursday, January 11th. Tigress Financial reiterated a “buy” rating on shares of Mastercard in a research report on Thursday, February 8th. Sanford C. Bernstein reiterated a “buy” rating and issued a $180.00 price objective (up from $166.00) on shares of Mastercard in a research report on Monday, December 11th. Argus upgraded Mastercard from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a research report on Friday, February 2nd. Finally, Cantor Fitzgerald raised their price target on Mastercard to $198.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirty-one have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $176.64.
Mastercard Incorporated (NYSE:MA) traded up $1.54 on Wednesday, hitting $171.66. The stock had a trading volume of 2,822,652 shares, compared to its average volume of 3,966,945. The firm has a market capitalization of $181,960.00, a PE ratio of 47.05, a P/E/G ratio of 1.56 and a beta of 1.26. Mastercard Incorporated has a twelve month low of $108.77 and a twelve month 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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.02. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. The firm had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the previous year, the firm posted $0.86 EPS. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. equities research analysts forecast that Mastercard Incorporated will post 5.88 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Friday, April 6th. Mastercard’s dividend payout ratio is presently 27.40%.
Mastercard announced that its Board of Directors has approved a stock buyback 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 buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of Mastercard stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total value of $2,606,122.27. Following the sale, the insider now 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 the SEC website. 0.30% of the stock is currently owned by insiders.
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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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