Leavell Investment Management Inc. grew its position in Mastercard Incorporated (NYSE:MA) by 9.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,250 shares of the credit services provider’s stock after purchasing an additional 1,000 shares during the quarter. Leavell Investment Management Inc.’s holdings in Mastercard were worth $1,703,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Mastercard by 2.3% during the second quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock worth $7,930,357,000 after buying an additional 1,490,267 shares in the last quarter. Janus Henderson Group PLC grew its position in Mastercard by 784.3% during the second quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock worth $2,048,899,000 after buying an additional 14,962,583 shares in the last quarter. Capital Research Global Investors grew its position in Mastercard by 15.8% during the second quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock worth $1,540,665,000 after buying an additional 1,729,179 shares in the last quarter. Capital World Investors grew its position in Mastercard by 2.3% during the second quarter. Capital World Investors now owns 12,675,652 shares of the credit services provider’s stock worth $1,539,458,000 after buying an additional 289,488 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in Mastercard by 6.0% during the second quarter. UBS Asset Management Americas Inc. now owns 6,174,892 shares of the credit services provider’s stock worth $749,941,000 after buying an additional 347,768 shares in the last quarter. 75.79% of the stock is currently owned by institutional investors.
In other news, insider Edward Grunde Mclaughlin sold 17,167 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total value of $2,606,122.27. Following the completion of the transaction, the insider now directly owns 47,901 shares in the company, valued at approximately $7,271,850.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.
A number of equities research analysts recently issued reports on the company. Cantor Fitzgerald increased their price target on Mastercard to $198.00 and gave the stock an “overweight” rating in a research report on Friday. Loop Capital increased their price target on Mastercard to $193.00 and gave the stock a “positive” rating in a research report on Friday. They noted that the move was a valuation call. Zacks Investment Research downgraded Mastercard from a “buy” rating to a “hold” rating in a research report on Friday. Argus raised Mastercard from a “hold” rating to a “buy” rating and set a $200.00 price target on the stock in a research report on Friday. Finally, Sandler O’Neill raised Mastercard from a “sell” rating to a “hold” rating in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirty have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $176.64.
Shares of Mastercard Incorporated (NYSE:MA) opened at $164.59 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.66 and a current ratio of 1.57. Mastercard Incorporated has a 12 month low of $105.69 and a 12 month high of $177.11. The firm has a market capitalization of $174,250.00, a price-to-earnings ratio of 45.09, a price-to-earnings-growth ratio of 1.80 and a beta of 1.26.
Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.02. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. The company had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the prior year, the company earned $0.86 EPS. Mastercard’s revenue was up 20.2% compared to the same quarter last year. equities analysts anticipate that Mastercard Incorporated will post 5.62 EPS for the current fiscal year.
Mastercard declared that its Board of Directors has approved a share buyback plan on Monday, December 4th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the credit services provider to purchase shares 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 Wednesday, May 9th. Stockholders of record on Monday, April 9th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.61%. Mastercard’s payout ratio is 27.40%.
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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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