Selz Capital LLC cut its stake in shares of Mastercard Inc (NYSE:MA) by 85.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,000 shares of the credit services provider’s stock after selling 53,000 shares during the period. Selz Capital LLC’s holdings in Mastercard were worth $2,687,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in MA. Smith Asset Management Group LP bought a new position in Mastercard in the 2nd quarter valued at approximately $18,541,000. Alps Advisors Inc. boosted its position in Mastercard by 81.4% during the 3rd quarter. Alps Advisors Inc. now owns 9,650 shares of the credit services provider’s stock worth $2,620,000 after buying an additional 4,331 shares during the period. K.J. Harrison & Partners Inc grew its holdings in Mastercard by 353.4% during the 3rd quarter. K.J. Harrison & Partners Inc now owns 6,143 shares of the credit services provider’s stock worth $1,668,000 after acquiring an additional 4,788 shares during the last quarter. Newman Dignan & Sheerar Inc. grew its holdings in Mastercard by 7.6% during the 3rd quarter. Newman Dignan & Sheerar Inc. now owns 2,464 shares of the credit services provider’s stock worth $669,000 after acquiring an additional 175 shares during the last quarter. Finally, Horan Capital Advisors LLC. bought a new stake in Mastercard during the 3rd quarter worth approximately $171,000. Institutional investors own 73.84% of the company’s stock.
MA stock traded up $3.98 during midday trading on Thursday, hitting $318.23. The stock had a trading volume of 140,169 shares, compared to its average volume of 2,666,063. The firm has a market cap of $313.39 billion, a P/E ratio of 49.03, a price-to-earnings-growth ratio of 2.15 and a beta of 1.03. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.55. Mastercard Inc has a 1-year low of $196.50 and a 1-year high of $316.42. The business has a fifty day moving average price of $297.86 and a two-hundred day moving average price of $280.97.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $2.15 EPS for the quarter, beating the Zacks’ consensus estimate of $2.01 by $0.14. Mastercard had a net margin of 42.50% and a return on equity of 146.92%. The business had revenue of $4.47 billion for the quarter, compared to analysts’ expectations of $4.41 billion. During the same quarter in the prior year, the firm posted $1.78 earnings per share. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. On average, equities analysts anticipate that Mastercard Inc will post 7.69 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.50%. This is an increase from Mastercard’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, January 8th. Mastercard’s payout ratio is currently 24.65%.
Mastercard announced that its board has approved a share repurchase program on Tuesday, December 3rd that authorizes the company to repurchase $8.00 billion in shares. This repurchase authorization authorizes the credit services provider to purchase up to 2.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.
A number of research firms have weighed in on MA. Morgan Stanley boosted their target price on shares of Mastercard from $317.00 to $338.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Guggenheim set a $305.00 target price on shares of Mastercard and gave the stock a “buy” rating in a report on Friday, November 1st. Oppenheimer boosted their target price on shares of Mastercard from $312.00 to $345.00 and gave the stock an “outperform” rating in a report on Thursday. Compass Point began coverage on shares of Mastercard in a report on Thursday, December 5th. They set a “buy” rating and a $330.00 target price on the stock. Finally, Wells Fargo & Co boosted their target price on shares of Mastercard from $317.00 to $336.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Mastercard has a consensus rating of “Buy” and an average price target of $317.64.
In other news, insider Michael Miebach sold 4,205 shares of Mastercard stock in a transaction on Friday, December 13th. The shares were sold at an average price of $295.10, for a total value of $1,240,895.50. Following the completion of the sale, the insider now owns 16,983 shares in the company, valued at approximately $5,011,683.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $280.00, for a total transaction of $1,400,000.00. Following the transaction, the director now owns 32,119 shares in the company, valued at approximately $8,993,320. The disclosure for this sale can be found here. Insiders sold a total of 121,566 shares of company stock worth $34,539,929 over the last three months. 3.70% of the stock is owned by company insiders.
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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