Mawer Investment Management Ltd. Trims Position in Mastercard Incorporated (NYSE:MA)

Mawer Investment Management Ltd. cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 322,725 shares of the credit services provider’s stock after selling 171 shares during the period. Mawer Investment Management Ltd.’s holdings in Mastercard were worth $115,193,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Jeppson Wealth Management LLC purchased a new stake in Mastercard in the third quarter worth $25,000. JFS Wealth Advisors LLC purchased a new stake in Mastercard in the fourth quarter worth $25,000. ForthRight Wealth Management LLC purchased a new stake in Mastercard in the fourth quarter worth $31,000. Kinloch Capital LLC purchased a new stake in Mastercard in the fourth quarter worth $32,000. Finally, Avion Wealth purchased a new stake in Mastercard in the third quarter worth $37,000. 73.64% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Edward Grunde Mclaughlin sold 13,248 shares of the firm’s stock in a transaction that occurred on Friday, January 8th. The stock was sold at an average price of $350.73, for a total value of $4,646,471.04. Following the completion of the sale, the insider now directly owns 38,447 shares of the company’s stock, valued at approximately $13,484,516.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 171,594 shares of the firm’s stock in a transaction that occurred on Wednesday, February 3rd. The shares were sold at an average price of $327.73, for a total value of $56,236,501.62. Following the completion of the sale, the insider now directly owns 108,382,229 shares of the company’s stock, valued at $35,520,107,910.17. The disclosure for this sale can be found here. Insiders sold a total of 764,346 shares of company stock valued at $252,786,532 over the last ninety days. Corporate insiders own 3.79% of the company’s stock.

NYSE MA traded up $6.76 during trading on Tuesday, hitting $347.42. 138,478 shares of the stock traded hands, compared to its average volume of 4,460,473. The company has a market capitalization of $346.35 billion, a P/E ratio of 51.07, a price-to-earnings-growth ratio of 2.56 and a beta of 1.19. The firm has a 50-day simple moving average of $335.30 and a 200-day simple moving average of $334.85. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 2.15. Mastercard Incorporated has a 12-month low of $199.99 and a 12-month high of $367.25.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, January 28th. The credit services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.13. The business had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Mastercard had a return on equity of 114.80% and a net margin of 43.13%. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.07 EPS. As a group, research analysts predict that Mastercard Incorporated will post 6.31 EPS for the current fiscal year.

Mastercard announced that its Board of Directors has initiated a share buyback program on Tuesday, December 8th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the credit services provider to repurchase up to 1.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 7th. Stockholders of record on Friday, April 9th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Thursday, April 8th. Mastercard’s payout ratio is 22.65%.

MA has been the topic of a number of recent research reports. Zacks Investment Research raised Mastercard from a “sell” rating to a “hold” rating and set a $358.00 target price on the stock in a research note on Tuesday, February 16th. Royal Bank of Canada cut their target price on Mastercard from $350.00 to $372.00 in a research note on Thursday, October 29th. Smith Barney Citigroup cut their target price on Mastercard from $384.00 to $355.00 in a research note on Thursday, October 29th. Deutsche Bank Aktiengesellschaft upped their price target on Mastercard from $383.00 to $420.00 and gave the company a “buy” rating in a report on Thursday, January 14th. Finally, Wells Fargo & Company upped their price target on Mastercard from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, January 4th. Four research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $356.47.

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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