Robecosam AG decreased its stake in shares of Mastercard (NYSE:MA) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,028 shares of the credit services provider’s stock after selling 2,418 shares during the period. Robecosam AG’s holdings in Mastercard were worth $11,842,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. BlackRock Inc. raised its position in Mastercard by 3.3% in the fourth quarter. BlackRock Inc. now owns 63,345,804 shares of the credit services provider’s stock worth $9,588,019,000 after acquiring an additional 2,000,290 shares during the period. Jennison Associates LLC raised its position in Mastercard by 0.5% in the fourth quarter. Jennison Associates LLC now owns 15,246,959 shares of the credit services provider’s stock worth $2,307,780,000 after acquiring an additional 82,024 shares during the period. Geode Capital Management LLC raised its position in Mastercard by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 10,930,672 shares of the credit services provider’s stock worth $1,651,362,000 after acquiring an additional 396,897 shares during the period. Amundi Pioneer Asset Management Inc. raised its position in Mastercard by 21.8% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 4,886,685 shares of the credit services provider’s stock worth $739,650,000 after acquiring an additional 875,620 shares during the period. Finally, Legal & General Group Plc raised its position in Mastercard by 2.2% in the third quarter. Legal & General Group Plc now owns 4,707,931 shares of the credit services provider’s stock worth $664,700,000 after acquiring an additional 99,402 shares during the period. Institutional investors own 76.09% of the company’s stock.
Several research analysts have weighed in on MA shares. Credit Suisse Group reiterated a “hold” rating and issued a $164.00 price target on shares of Mastercard in a research report on Monday, January 8th. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a research report on Tuesday, January 2nd. Morgan Stanley increased their price target on shares of Mastercard from $178.00 to $192.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Sanford C. Bernstein started coverage on shares of Mastercard in a research report on Tuesday, March 27th. They issued an “outperform” rating and a $207.00 price target on the stock. Finally, Barclays reiterated a “buy” rating and issued a $170.00 price target on shares of Mastercard in a research report on Friday, January 5th. Two equities research 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 stock. The company presently has an average rating of “Buy” and a consensus price target of $179.52.
In related news, Director David R. Carlucci sold 5,950 shares of the firm’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $173.22, for a total transaction of $866,100.00. The disclosure for this sale can be found here. Insiders have sold 41,578 shares of company stock valued at $7,482,061 over the last ninety days. 0.30% of the stock is currently owned by corporate insiders.
MA opened at $169.70 on Friday. The firm has a market cap of $184,833.31, a P/E ratio of 37.05, a P/E/G ratio of 1.61 and a beta of 1.16. Mastercard has a fifty-two week low of $111.01 and a fifty-two week high of $183.73. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.57 and a quick ratio of 1.57.
Mastercard (NYSE:MA) last posted its earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.02. The company had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. Mastercard’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period last year, the company posted $0.86 earnings per share. research analysts predict that Mastercard will post 5.94 EPS for the current year.
The business also recently announced 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 is Friday, April 6th. This represents a $1.00 annualized dividend and a yield of 0.59%. Mastercard’s payout ratio is 21.83%.
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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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