Moloney Securities Asset Management LLC acquired a new position in Mastercard Inc (NYSE:MA) during the fourth quarter, Holdings Channel reports. The fund acquired 3,234 shares of the company’s stock, valued at approximately $334,000.
Several other hedge funds and other institutional investors have also modified their holdings of MA. Price T Rowe Associates Inc. MD boosted its stake in Mastercard by 10.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 43,801,206 shares of the company’s stock valued at $4,457,649,000 after buying an additional 4,111,803 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Mastercard during the third quarter valued at approximately $405,125,000. Capital Research Global Investors boosted its stake in Mastercard by 61.0% in the third quarter. Capital Research Global Investors now owns 7,013,658 shares of the company’s stock valued at $713,780,000 after buying an additional 2,656,656 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Mastercard during the fourth quarter valued at approximately $221,469,000. Finally, Asset Management One Co. Ltd. boosted its stake in Mastercard by 953.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,790,694 shares of the company’s stock valued at $184,957,000 after buying an additional 1,620,638 shares during the last quarter. 75.53% of the stock is owned by institutional investors and hedge funds.
Mastercard Inc (NYSE:MA) opened at 111.98 on Friday. The company’s 50 day moving average is $110.21 and its 200 day moving average is $105.48. The firm has a market cap of $120.71 billion, a price-to-earnings ratio of 30.35 and a beta of 1.26. Mastercard Inc has a 12-month low of $86.65 and a 12-month high of $113.50.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, January 31st. The company reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.01. The business earned $2.76 billion during the quarter, compared to the consensus estimate of $2.79 billion. Mastercard had a net margin of 37.67% and a return on equity of 71.09%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.79 EPS. On average, equities analysts anticipate that Mastercard Inc will post $4.26 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 9th. Investors of record on Friday, April 7th will be given a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.79%. Mastercard’s dividend payout ratio (DPR) is presently 23.85%.
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MA has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Friday, November 25th. Vetr raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $107.89 target price for the company in a research note on Monday, November 28th. Bank of America Corp raised shares of Mastercard from a “neutral” rating to a “buy” rating and set a $130.00 target price for the company in a research note on Thursday, December 15th. Royal Bank of Canada raised shares of Mastercard from an “outperform” rating to a “top pick” rating and lifted their target price for the stock from $115.00 to $130.00 in a research note on Thursday, January 5th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $123.00 target price on shares of Mastercard in a research note on Sunday, January 8th. 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 company. The stock has a consensus rating of “Buy” and a consensus target price of $115.77.
In other Mastercard news, insider Ann Cairns sold 6,950 shares of the company’s stock in a transaction that occurred on Friday, January 20th. The shares were sold at an average price of $110.00, for a total value of $764,500.00. Following the transaction, the insider now owns 39,041 shares in the company, valued at approximately $4,294,510. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 205,035 shares of the company’s 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 completion of the transaction, the insider now owns 114,064,442 shares in the company, valued at approximately $12,394,242,267.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,439,520 shares of company stock valued at $155,339,186. 3.14% of the stock is owned by insiders.
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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