Mastercard (MA) Stake Lowered by QS Investors LLC

QS Investors LLC lessened its holdings in Mastercard (NYSE:MA) by 7.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80,056 shares of the credit services provider’s stock after selling 6,118 shares during the period. QS Investors LLC’s holdings in Mastercard were worth $12,117,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in MA. Colony Group LLC lifted its stake in Mastercard by 21.7% during the 2nd quarter. Colony Group LLC now owns 149,281 shares of the credit services provider’s stock worth $18,130,000 after acquiring an additional 26,611 shares in the last quarter. Strategic Wealth Advisors Group LLC acquired a new position in Mastercard during the 2nd quarter worth about $2,854,000. Gofen & Glossberg LLC IL lifted its stake in Mastercard by 0.7% during the 2nd quarter. Gofen & Glossberg LLC IL now owns 157,023 shares of the credit services provider’s stock worth $19,070,000 after acquiring an additional 1,081 shares in the last quarter. WINTON GROUP Ltd raised its position in Mastercard by 41.0% in the 2nd quarter. WINTON GROUP Ltd now owns 28,710 shares of the credit services provider’s stock valued at $3,487,000 after purchasing an additional 8,349 shares in the last quarter. Finally, Advisory Services Network LLC raised its position in Mastercard by 24.1% in the 2nd quarter. Advisory Services Network LLC now owns 17,721 shares of the credit services provider’s stock valued at $2,152,000 after purchasing an additional 3,444 shares in the last quarter. 76.09% of the stock is currently owned by institutional investors and hedge funds.

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MA has been the topic of a number of analyst reports. Vetr raised Mastercard from a “hold” rating to a “buy” rating and set a $182.50 price target on the stock in a research report on Wednesday, February 21st. Royal Bank of Canada lowered Mastercard from a “top pick” rating to an “outperform” rating and set a $130.00 price target on the stock. in a research report on Thursday, January 4th. Guggenheim reaffirmed a “buy” rating and issued a $201.00 price target on shares of Mastercard in a research report on Friday, February 2nd. Piper Jaffray increased their price target on Mastercard from $208.00 to $212.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $164.00 price target on shares of Mastercard in a research report on Monday, January 8th. Two investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Mastercard currently has a consensus rating of “Buy” and an average price target of $179.52.

MA opened at $169.70 on Friday. The stock has a market capitalization of $182,614.89, a PE ratio of 37.05, a price-to-earnings-growth ratio of 1.60 and a beta of 1.16. 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 has a one year low of $111.01 and a one year high of $183.73.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.02. The firm had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.25 billion. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 EPS. research analysts expect that Mastercard will post 5.93 earnings per share for the current 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 paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 6th. This represents a $1.00 dividend on an annualized basis and a yield of 0.59%. Mastercard’s dividend payout ratio is presently 21.83%.

In related news, General Counsel Timothy H. Murphy sold 30,628 shares of the firm’s 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 transaction, the general counsel now owns 59,907 shares in the company, valued at approximately $10,809,619.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Haythornthwaite sold 5,000 shares of the firm’s 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 disclosure for this sale can be found here. Insiders have sold a total of 41,578 shares of company stock worth $7,482,061 in the last 90 days. 0.30% of the stock is currently owned by company insiders.

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About Mastercard

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.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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