Swiss National Bank trimmed its stake in Mastercard Inc (NYSE:MA) by 0.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,748,020 shares of the credit services provider’s stock after selling 5,400 shares during the period. Swiss National Bank’s holdings in Mastercard were worth $567,300,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the stock. Chilton Investment Co. LLC increased its position in Mastercard by 9.8% in the 4th quarter. Chilton Investment Co. LLC now owns 432,745 shares of the credit services provider’s stock worth $65,500,000 after buying an additional 38,562 shares during the period. Cognios Capital LLC bought a new position in Mastercard in the 4th quarter worth approximately $673,000. Bedel Financial Consulting Inc. bought a new position in Mastercard in the 4th quarter worth approximately $244,000. California Public Employees Retirement System increased its position in Mastercard by 1.1% in the 4th quarter. California Public Employees Retirement System now owns 2,353,636 shares of the credit services provider’s stock worth $356,246,000 after buying an additional 26,209 shares during the period. Finally, M&T Bank Corp increased its position in Mastercard by 2.1% in the 4th quarter. M&T Bank Corp now owns 510,683 shares of the credit services provider’s stock worth $77,296,000 after buying an additional 10,479 shares during the period. 75.22% of the stock is currently owned by institutional investors and hedge funds.
Shares of Mastercard Inc (MA) opened at $183.24 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market capitalization of $188,460.59, a price-to-earnings ratio of 39.05, a P/E/G ratio of 1.66 and a beta of 1.17. Mastercard Inc has a one year low of $110.13 and a one year high of $183.33.
Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.02. The business had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.25 billion. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. Mastercard’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.86 EPS. equities analysts forecast that Mastercard Inc will post 5.88 earnings per share for the current 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 paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Friday, April 6th. Mastercard’s dividend payout ratio is currently 27.40%.
Mastercard declared that its board has approved a share repurchase program on Monday, December 4th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.
Several research analysts have commented on the company. Vetr raised Mastercard from a “sell” rating to a “hold” rating and set a $158.70 price target on the stock in a research report on Thursday, January 11th. Sandler O’Neill raised Mastercard from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Zacks Investment Research lowered Mastercard from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Piper Jaffray Companies lifted their price objective on Mastercard from $208.00 to $212.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Finally, Cantor Fitzgerald lifted their price objective on Mastercard to $198.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. Mastercard currently has a consensus rating of “Buy” and a consensus price target of $177.40.
In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of the business’s stock in a transaction 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 transaction, the insider now owns 47,901 shares of the company’s stock, valued at $7,271,850.81. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.30% of the stock is currently owned by insiders.
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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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