Zurich Insurance Group Ltd FI lowered its position in Mastercard Inc (NYSE:MA) by 10.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 138,175 shares of the company’s stock after selling 15,463 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Mastercard were worth $14,267,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Lowe fs LLC boosted its stake in shares of Mastercard by 9.8% in the third quarter. Lowe fs LLC now owns 1,120 shares of the company’s stock worth $114,000 after buying an additional 100 shares in the last quarter. First Bank & Trust purchased a new stake in shares of Mastercard during the fourth quarter worth about $117,000. Fusion Family Wealth LLC purchased a new stake in shares of Mastercard during the fourth quarter worth about $130,000. TLP Group LLC purchased a new stake in shares of Mastercard during the third quarter worth about $128,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of Mastercard during the fourth quarter worth about $139,000. Institutional investors own 75.53% of the company’s stock.
Mastercard Inc (NYSE:MA) opened at 112.41 on Tuesday. The firm has a market capitalization of $121.17 billion, a P/E ratio of 30.46 and a beta of 1.26. Mastercard Inc has a 12 month low of $86.65 and a 12 month high of $113.50. The firm’s 50-day moving average is $109.57 and its 200 day moving average is $105.02.
Mastercard (NYSE:MA) last released its earnings results on Tuesday, January 31st. The company reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.01. Mastercard had a net margin of 37.67% and a return on equity of 71.09%. The firm earned $2.76 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the prior year, the firm earned $0.79 EPS. The company’s revenue was up 9.5% compared to the same quarter last year. On average, analysts expect that Mastercard Inc will post $4.26 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 9th. Stockholders of record on Friday, April 7th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Wednesday, April 5th. Mastercard’s dividend payout ratio is currently 23.85%.
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A number of brokerages have recently issued reports on MA. Cowen and Company restated an “outperform” rating and set a $122.00 price objective on shares of Mastercard in a report on Monday, March 6th. Sanford C. Bernstein restated an “outperform” rating and set a $123.00 price objective on shares of Mastercard in a report on Saturday, March 11th. Barclays PLC reduced their price objective on Mastercard to $124.00 in a report on Wednesday, February 1st. Vetr cut Mastercard from a “buy” rating to a “hold” rating and set a $106.63 price objective for the company. in a report on Monday, December 5th. Finally, Zacks Investment Research cut Mastercard from a “buy” rating to a “hold” rating in a report on Monday, December 12th. Five research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $115.77.
In other news, insider Michael Fraccaro sold 763 shares of the stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $112.35, for a total transaction of $85,723.05. Following the completion of the transaction, the insider now directly owns 4,791 shares of the company’s stock, valued at approximately $538,268.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 205,035 shares of the stock in a transaction that occurred on Thursday, January 19th. The shares were sold at an average price of $108.66, for a total transaction of $22,279,103.10. Following the transaction, the insider now directly owns 114,064,442 shares of the company’s stock, valued at $12,394,242,267.72. The disclosure for this sale can be found here. Insiders have sold a total of 1,439,520 shares of company stock valued at $155,339,186 over the last three months. Insiders own 3.14% of the company’s stock.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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