Meag Munich Ergo Kapitalanlagegesellschaft MBH decreased its position in Mastercard Inc (NYSE:MA) by 51.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,345 shares of the credit services provider’s stock after selling 37,226 shares during the quarter. Mastercard comprises approximately 1.1% of Meag Munich Ergo Kapitalanlagegesellschaft MBH’s investment portfolio, making the stock its 16th biggest position. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Mastercard were worth $10,523,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Nuveen Asset Management LLC grew its position in Mastercard by 2,608.7% during the second quarter. Nuveen Asset Management LLC now owns 9,177,186 shares of the credit services provider’s stock worth $2,427,641,000 after buying an additional 8,838,385 shares in the last quarter. Johanson Financial Advisors Inc. grew its position in Mastercard by 29,736.5% during the fourth quarter. Johanson Financial Advisors Inc. now owns 5,985,794 shares of the credit services provider’s stock worth $20,043,000 after buying an additional 5,965,732 shares in the last quarter. Morgan Stanley grew its position in Mastercard by 4.8% during the second quarter. Morgan Stanley now owns 13,929,653 shares of the credit services provider’s stock worth $3,684,811,000 after buying an additional 640,063 shares in the last quarter. Nomura Holdings Inc. grew its position in Mastercard by 957.5% during the third quarter. Nomura Holdings Inc. now owns 521,174 shares of the credit services provider’s stock worth $141,230,000 after buying an additional 581,955 shares in the last quarter. Finally, Rothschild & Co Wealth Management UK Ltd acquired a new stake in Mastercard during the second quarter worth approximately $133,846,000. 73.84% of the stock is currently owned by institutional investors.
In other news, major shareholder Foundation Mastercard sold 7,542 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $271.96, for a total value of $2,051,122.32. Following the completion of the transaction, the insider now directly owns 111,992,604 shares in the company, valued at approximately $30,457,508,583.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Miebach sold 4,205 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $315.00, for a total value of $1,324,575.00. Following the completion of the transaction, the insider now owns 16,983 shares of the company’s stock, valued at $5,349,645. The disclosure for this sale can be found here. Insiders sold a total of 198,638 shares of company stock valued at $58,809,131 over the last quarter. 3.70% of the stock is owned by corporate insiders.
A number of equities research analysts recently issued reports on the company. Tigress Financial reissued a “buy” rating on shares of Mastercard in a research report on Monday, December 23rd. Morgan Stanley increased their price target on Mastercard from $317.00 to $338.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Compass Point assumed coverage on Mastercard in a research report on Thursday, December 5th. They set a “buy” rating and a $330.00 price target on the stock. ValuEngine downgraded Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Guggenheim set a $305.00 price target on Mastercard and gave the stock a “buy” rating in a research report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $317.64.
Shares of MA traded up $3.36 during trading hours on Friday, reaching $323.66. The stock had a trading volume of 4,816,961 shares, compared to its average volume of 3,447,384. Mastercard Inc has a 12 month low of $196.60 and a 12 month high of $320.33. The stock has a market capitalization of $313.39 billion, a PE ratio of 49.87, a PEG ratio of 2.15 and a beta of 1.03. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.39 and a current ratio of 1.39. The company’s 50-day moving average is $298.44 and its two-hundred day moving average is $281.26.
Mastercard (NYSE:MA) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $2.15 EPS for the quarter, beating the Zacks’ consensus estimate of $2.01 by $0.14. Mastercard had a return on equity of 146.92% and a net margin of 42.50%. The company had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.41 billion. During the same period in the prior year, the company earned $1.78 EPS. Mastercard’s revenue was up 14.6% compared to the same quarter last year. Equities analysts anticipate that Mastercard Inc will post 7.69 earnings per share for the current fiscal year.
Mastercard declared that its Board of Directors has approved a share buyback plan on Tuesday, December 3rd that permits the company to repurchase $8.00 billion in shares. This repurchase authorization permits the credit services provider to purchase up to 2.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.49%. This is a boost from Mastercard’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, January 8th. Mastercard’s dividend payout ratio is presently 24.65%.
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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