Polen Capital Management LLC lifted its holdings in Mastercard (NYSE:MA) by 1.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,347,515 shares of the credit services provider’s stock after purchasing an additional 27,384 shares during the period. Mastercard comprises 2.6% of Polen Capital Management LLC’s holdings, making the stock its 19th biggest position. Polen Capital Management LLC owned 0.22% of Mastercard worth $355,320,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Community Bank N.A. increased its stake in Mastercard by 119.7% during the 4th quarter. Community Bank N.A. now owns 670 shares of the credit services provider’s stock valued at $101,000 after purchasing an additional 365 shares in the last quarter. Massey Quick Simon & CO. LLC acquired a new position in Mastercard during the 3rd quarter valued at approximately $102,000. Wealthcare Advisory Partners LLC acquired a new position in Mastercard during the 3rd quarter valued at approximately $106,000. Horan Capital Advisors LLC. acquired a new position in Mastercard during the 3rd quarter valued at approximately $131,000. Finally, Cerebellum GP LLC acquired a new position in Mastercard during the 4th quarter valued at approximately $133,000. 76.04% of the stock is owned by hedge funds and other institutional investors.
Shares of Mastercard stock opened at $182.55 on Monday. Mastercard has a twelve month low of $110.33 and a twelve month high of $183.73. The stock has a market cap of $191,930.16, a price-to-earnings ratio of 39.77, a P/E/G ratio of 1.68 and a beta of 1.17. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.99.
Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.02. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The firm had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the prior year, the firm posted $0.86 earnings per share. The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. analysts anticipate that Mastercard will post 5.93 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be issued a dividend of $0.25 per share. 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 (DPR) is presently 27.40%.
Mastercard declared that its board has initiated a stock buyback plan 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 purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
A number of research analysts have issued reports on the stock. Vetr upgraded shares of Mastercard from a “sell” rating to a “hold” rating and set a $158.70 price target on the stock in a research note on Thursday, January 11th. Tigress Financial restated a “buy” rating on shares of Mastercard in a research note on Thursday, February 8th. Sanford C. Bernstein restated a “buy” rating and set a $180.00 price target (up previously from $166.00) on shares of Mastercard in a research note on Monday, December 11th. Argus upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $200.00 price target on the stock in a research note on Friday, February 2nd. Finally, Cantor Fitzgerald upped their price target on shares of Mastercard to $198.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. Mastercard currently has an average rating of “Buy” and an average price target of $177.40.
In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the transaction, the insider now directly 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 accessible through the SEC website. Also, Director David R. Carlucci sold 5,950 shares of the stock in a transaction on Friday, March 9th. The shares were sold at an average price of $183.10, for a total transaction of $1,089,445.00. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.
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Mastercard Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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