Suncoast Equity Management trimmed its position in shares of Mastercard (NYSE:MA) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,497 shares of the credit services provider’s stock after selling 2,362 shares during the period. Mastercard makes up 4.2% of Suncoast Equity Management’s portfolio, making the stock its 12th biggest position. Suncoast Equity Management’s holdings in Mastercard were worth $15,363,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MA. DE Burlo Group Inc. lifted its position in shares of Mastercard by 438.5% in the 4th quarter. DE Burlo Group Inc. now owns 112,610 shares of the credit services provider’s stock worth $17,044,000 after buying an additional 91,700 shares during the last quarter. First Trust Advisors LP lifted its position in Mastercard by 9.7% in the 4th quarter. First Trust Advisors LP now owns 257,455 shares of the credit services provider’s stock valued at $38,968,000 after purchasing an additional 22,659 shares during the last quarter. Weatherstone Capital Management lifted its position in Mastercard by 8.9% in the 4th quarter. Weatherstone Capital Management now owns 4,498 shares of the credit services provider’s stock valued at $681,000 after purchasing an additional 367 shares during the last quarter. Falcon Point Capital LLC bought a new stake in Mastercard in the 4th quarter valued at about $203,000. Finally, Willingdon Wealth Management increased its stake in Mastercard by 4.1% during the 4th quarter. Willingdon Wealth Management now owns 13,635 shares of the credit services provider’s stock valued at $2,064,000 after buying an additional 543 shares during the period. 76.09% of the stock is owned by institutional investors and hedge funds.
MA stock traded down $5.84 during trading hours on Friday, hitting $169.70. 5,005,487 shares of the stock were exchanged, compared to its average volume of 3,731,496. 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 stock has a market capitalization of $184,833.31, a price-to-earnings ratio of 37.05, a PEG ratio of 1.61 and a beta of 1.16. Mastercard has a 12 month low of $111.01 and a 12 month high of $183.73.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 EPS for the quarter, topping the Zacks’ 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 company had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter last year, the business earned $0.86 earnings per share. Mastercard’s revenue was up 20.2% on a year-over-year basis. research analysts expect that Mastercard will post 5.94 EPS for the current year.
The firm also recently disclosed 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 annualized dividend and a yield of 0.59%. The ex-dividend date is Friday, April 6th. Mastercard’s dividend payout ratio (DPR) is presently 21.83%.
Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $193.00 target price on the stock in a research note on Thursday. Vetr raised shares of Mastercard from a “buy” rating to a “strong-buy” rating and set a $192.25 price objective on the stock in a research note on Tuesday. Wells Fargo raised their target price on shares of Mastercard from $195.00 to $205.00 and gave the stock an “outperform” rating in a report on Thursday, March 29th. Sanford C. Bernstein assumed coverage on shares of Mastercard in a report on Tuesday, March 27th. They set an “outperform” rating and a $207.00 price target for the company. Finally, Tigress Financial restated a “buy” rating on shares of Mastercard in a report on Thursday, February 8th. Two analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $179.52.
In related news, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $173.22, for a total value of $866,100.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 value of $5,526,516.32. Following the completion of the transaction, the general counsel now directly owns 59,907 shares in the company, valued at $10,809,619.08. The disclosure for this sale can be found here. Insiders sold 41,578 shares of company stock worth $7,482,061 over the last ninety days. 0.30% of the stock is currently owned by insiders.
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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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