Handelsbanken Fonder AB grew its holdings in Mastercard Inc (NYSE:MA) by 6.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 522,875 shares of the credit services provider’s stock after buying an additional 33,189 shares during the period. Mastercard accounts for about 2.0% of Handelsbanken Fonder AB’s holdings, making the stock its 10th biggest holding. Handelsbanken Fonder AB owned 0.05% of Mastercard worth $98,640,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC boosted its holdings in shares of Mastercard by 6.0% in the 2nd quarter. FMR LLC now owns 39,120,141 shares of the credit services provider’s stock valued at $7,687,891,000 after purchasing an additional 2,229,947 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Mastercard by 12.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 170,285 shares of the credit services provider’s stock valued at $33,464,000 after purchasing an additional 18,194 shares in the last quarter. Stock Yards Bank & Trust Co. acquired a new stake in shares of Mastercard in the 3rd quarter valued at $209,000. First United Bank Trust boosted its holdings in shares of Mastercard by 94.7% in the 3rd quarter. First United Bank Trust now owns 4,255 shares of the credit services provider’s stock valued at $947,000 after purchasing an additional 2,070 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. boosted its holdings in shares of Mastercard by 4.1% during the 3rd quarter. Cookson Peirce & Co. Inc. now owns 16,766 shares of the credit services provider’s stock valued at $3,732,000 after acquiring an additional 655 shares in the last quarter. Institutional investors and hedge funds own 81.33% of the company’s stock.
In other news, insider Edward Grunde Mclaughlin sold 20,269 shares of Mastercard stock in a transaction dated Tuesday, January 22nd. The stock was sold at an average price of $199.53, for a total value of $4,044,273.57. Following the completion of the transaction, the insider now directly owns 37,374 shares of the company’s stock, valued at approximately $7,457,234.22. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction dated Monday, December 17th. The stock was sold at an average price of $192.00, for a total value of $960,000.00. Following the completion of the transaction, the director now directly owns 40,183 shares of the company’s stock, valued at $7,715,136. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by insiders.
Shares of MA opened at $217.10 on Tuesday. The stock has a market cap of $223.68 billion, a price-to-earnings ratio of 33.45, a P/E/G ratio of 1.73 and a beta of 1.11. Mastercard Inc has a 12 month low of $165.58 and a 12 month high of $225.35. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.55 and a current ratio of 1.39.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, January 31st. The credit services provider reported $1.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.03. The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.79 billion. Mastercard had a return on equity of 122.25% and a net margin of 39.19%. On average, equities research analysts forecast that Mastercard Inc will post 7.55 EPS for the current year.
Mastercard declared that its board has authorized a stock buyback program on Tuesday, December 4th that allows the company to repurchase $6.50 billion in shares. This repurchase authorization allows the credit services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.61%. The ex-dividend date is Monday, April 8th. Mastercard’s payout ratio is presently 20.34%.
MA has been the topic of several recent research reports. BMO Capital Markets raised their price objective on Mastercard from $238.00 to $248.00 and gave the company an “outperform” rating in a report on Thursday, November 1st. Loop Capital set a $232.00 price objective on Mastercard and gave the company a “buy” rating in a report on Wednesday, October 31st. Barclays reissued a “buy” rating on shares of Mastercard in a report on Sunday, February 3rd. Zacks Investment Research downgraded Mastercard from a “buy” rating to a “hold” rating in a report on Friday, December 7th. Finally, Credit Suisse Group reissued a “buy” rating and set a $217.00 price objective on shares of Mastercard in a report on Monday, January 7th. Three equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $224.75.
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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