Olstein Capital Management L.P. reduced its stake in Mastercard (NYSE:MA) by 12.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 33,000 shares of the credit services provider’s stock after selling 4,615 shares during the quarter. Olstein Capital Management L.P.’s holdings in Mastercard were worth $4,995,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Acrospire Investment Management LLC bought a new stake in shares of Mastercard during the second quarter valued at approximately $121,000. Mutual of America Capital Management LLC grew its position in Mastercard by 0.5% in the second quarter. Mutual of America Capital Management LLC now owns 114,376 shares of the credit services provider’s stock valued at $13,891,000 after acquiring an additional 556 shares during the period. UBS Asset Management Americas Inc. grew its position in Mastercard by 6.0% in the second quarter. UBS Asset Management Americas Inc. now owns 6,174,892 shares of the credit services provider’s stock valued at $749,941,000 after acquiring an additional 347,768 shares during the period. Ithaka Group LLC grew its position in Mastercard by 1.3% in the second quarter. Ithaka Group LLC now owns 212,077 shares of the credit services provider’s stock valued at $25,757,000 after acquiring an additional 2,709 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in Mastercard in the second quarter valued at $1,142,000. Hedge funds and other institutional investors own 76.09% of the company’s stock.
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 transaction of $866,100.00. The transaction 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 value of $5,526,516.32. Following the sale, the general counsel now directly owns 59,907 shares of the company’s stock, valued at $10,809,619.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,578 shares of company stock valued at $7,482,061. 0.30% of the stock is currently owned by insiders.
NYSE MA traded down $5.84 during trading hours on Friday, hitting $169.70. 5,005,487 shares of the company traded hands, compared to its average volume of 3,731,496. Mastercard has a twelve month low of $111.01 and a twelve month high of $183.73. The stock has a market capitalization of $178,419.88, a PE ratio of 37.05, a price-to-earnings-growth ratio of 1.56 and a beta of 1.16. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.57 and a current ratio of 1.57.
Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, February 1st. The credit services provider reported $1.14 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period last year, the firm posted $0.86 earnings per share. The business’s revenue was up 20.2% on a year-over-year basis. research analysts forecast 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. Stockholders of record on Monday, April 9th will be given a $0.25 dividend. The ex-dividend date is Friday, April 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.59%. Mastercard’s payout ratio is 21.83%.
A number of analysts have weighed in on the company. Vetr upgraded 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. Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $193.00 price objective on the stock in a research note on Thursday. Piper Jaffray boosted their price objective on Mastercard from $208.00 to $212.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Morgan Stanley boosted their price objective on Mastercard from $178.00 to $192.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Barclays boosted their price objective on Mastercard from $178.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. Mastercard presently has an average rating of “Buy” and a consensus target price of $179.52.
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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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