Mawer Investment Management Ltd. trimmed its holdings in Mastercard (NYSE:MA) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 834,555 shares of the credit services provider’s stock after selling 8,960 shares during the period. Mawer Investment Management Ltd. owned 0.08% of Mastercard worth $126,318,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Community Bank N.A. increased its position in Mastercard by 119.7% during the fourth quarter. Community Bank N.A. now owns 670 shares of the credit services provider’s stock worth $101,000 after purchasing an additional 365 shares during the last quarter. Massey Quick Simon & CO. LLC acquired a new stake in Mastercard during the third quarter worth about $102,000. Wealthcare Advisory Partners LLC acquired a new stake in Mastercard during the third quarter worth about $106,000. Trustcore Financial Services LLC acquired a new stake in Mastercard during the fourth quarter worth about $120,000. Finally, Horan Capital Advisors LLC. acquired a new stake in Mastercard during the third quarter worth about $131,000. Hedge funds and other institutional investors own 76.04% of the company’s stock.
In related news, insider Edward Grunde Mclaughlin sold 17,167 shares of Mastercard stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total value of $2,606,122.27. Following the completion of the transaction, the insider now owns 47,901 shares in the company, valued at $7,271,850.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Timothy H. Murphy sold 30,628 shares of Mastercard stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $180.44, for a total transaction of $5,526,516.32. Following the completion of the transaction, the general counsel now owns 59,907 shares of the company’s stock, valued at approximately $10,809,619.08. The disclosure for this sale can be found here. Insiders sold 53,745 shares of company stock valued at $9,222,084 in the last quarter. 0.30% of the stock is owned by insiders.
Mastercard (MA) opened at $175.52 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.99. Mastercard has a 12 month low of $110.33 and a 12 month high of $183.73. The company has a market cap of $190,037.66, a P/E ratio of 39.38, a PEG ratio of 1.66 and a beta of 1.17.
Mastercard (NYSE:MA) last posted its quarterly earnings data 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. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The business had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same quarter last year, the firm posted $0.86 earnings per share. The business’s revenue for the quarter was up 20.2% compared to the same quarter last year. sell-side analysts expect that Mastercard will post 5.93 EPS for the current year.
Mastercard declared that its Board of Directors has initiated a share repurchase program on Monday, December 4th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the credit services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Monday, April 9th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, April 6th. Mastercard’s payout ratio is 27.40%.
Several equities research analysts recently issued reports on the stock. Vetr upgraded shares of Mastercard from a “sell” rating to a “hold” rating and set a $158.70 price objective for the company in a research report on Thursday, January 11th. Sandler O’Neill upgraded shares of Mastercard from a “sell” rating to a “hold” rating in a research report on Thursday, February 1st. Zacks Investment Research cut shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Piper Jaffray Companies raised their price objective on shares of Mastercard from $208.00 to $212.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Finally, Cantor Fitzgerald raised their price objective on shares of Mastercard to $198.00 and gave the stock an “overweight” rating in a research report 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. Mastercard has a consensus rating of “Buy” and a consensus price target of $177.40.
ILLEGAL ACTIVITY WARNING: “Mawer Investment Management Ltd. Sells 8,960 Shares of Mastercard (MA)” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/03/23/mawer-investment-management-ltd-sells-8960-shares-of-mastercard-ma.html.
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.
Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard (NYSE:MA).
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.