Robeco Institutional Asset Management B.V. Grows Position in Mastercard Inc (NYSE:MA)

Robeco Institutional Asset Management B.V. boosted its holdings in Mastercard Inc (NYSE:MA) by 1.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,094,572 shares of the credit services provider’s stock after acquiring an additional 18,114 shares during the quarter. Mastercard comprises about 1.0% of Robeco Institutional Asset Management B.V.’s investment portfolio, making the stock its 11th biggest holding. Robeco Institutional Asset Management B.V.’s holdings in Mastercard were worth $297,253,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Mastercard by 0.5% in the second quarter. Vanguard Group Inc. now owns 71,012,814 shares of the credit services provider’s stock valued at $18,785,021,000 after buying an additional 367,442 shares in the last quarter. BlackRock Inc. increased its position in shares of Mastercard by 0.5% in the second quarter. BlackRock Inc. now owns 63,796,913 shares of the credit services provider’s stock valued at $16,876,196,000 after buying an additional 297,230 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Mastercard by 12.5% in the second quarter. JPMorgan Chase & Co. now owns 13,943,219 shares of the credit services provider’s stock valued at $3,640,576,000 after buying an additional 1,548,776 shares in the last quarter. Morgan Stanley increased its position in shares of Mastercard by 4.8% in the second quarter. Morgan Stanley now owns 13,929,653 shares of the credit services provider’s stock valued at $3,684,811,000 after buying an additional 640,063 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Mastercard by 0.8% in the second quarter. Northern Trust Corp now owns 11,394,223 shares of the credit services provider’s stock valued at $3,014,114,000 after buying an additional 91,436 shares in the last quarter. Hedge funds and other institutional investors own 74.32% of the company’s stock.

NYSE:MA traded down $4.88 during mid-day trading on Friday, reaching $271.63. The company’s stock had a trading volume of 199,173 shares, compared to its average volume of 3,250,141. The company’s fifty day simple moving average is $276.05 and its two-hundred day simple moving average is $263.79. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.49. Mastercard Inc has a twelve month low of $171.89 and a twelve month high of $293.69. The stock has a market cap of $282.62 billion, a P/E ratio of 41.89, a P/E/G ratio of 2.31 and a beta of 1.06.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.07. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The firm had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period last year, the company earned $1.66 EPS. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. Sell-side analysts expect that Mastercard Inc will post 7.61 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Tuesday, October 8th. Mastercard’s payout ratio is 20.34%.

In other Mastercard news, major shareholder Foundation Mastercard sold 7,950 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $277.32, for a total value of $2,204,694.00. Following the sale, the insider now directly owns 112,126,112 shares of the company’s stock, valued at approximately $31,094,813,379.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael Miebach sold 2,770 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $285.00, for a total value of $789,450.00. Following the completion of the sale, the insider now directly owns 12,778 shares in the company, valued at $3,641,730. The disclosure for this sale can be found here. Over the last three months, insiders sold 139,327 shares of company stock worth $38,323,022. 3.70% of the stock is owned by corporate insiders.

A number of brokerages have recently weighed in on MA. Tigress Financial restated a “buy” rating on shares of Mastercard in a research report on Thursday, August 22nd. Wells Fargo & Co lifted their price objective on Mastercard from $285.00 to $305.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. Susquehanna Bancshares lifted their price objective on Mastercard from $293.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Citigroup lifted their price objective on Mastercard from $288.00 to $317.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Finally, SunTrust Banks lifted their price objective on Mastercard from $310.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Three analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $299.09.

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.

Read More: What does a hold rating mean?

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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