Mastercard Inc (MA) Position Lifted by Advisor Partners LLC

Advisor Partners LLC lifted its position in shares of Mastercard Inc (NYSE:MA) by 8.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,006 shares of the credit services provider’s stock after purchasing an additional 1,380 shares during the period. Advisor Partners LLC’s holdings in Mastercard were worth $3,004,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Massey Quick Simon & CO. LLC bought a new stake in Mastercard in the third quarter worth about $102,000. Thompson Davis & CO. Inc. raised its position in Mastercard by 170.1% in the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after acquiring an additional 546 shares during the period. Wealthcare Advisory Partners LLC bought a new stake in Mastercard in the third quarter worth about $106,000. Acrospire Investment Management LLC bought a new stake in Mastercard in the second quarter worth about $121,000. Finally, Horan Capital Advisors LLC. bought a new stake in Mastercard in the third quarter worth about $131,000. 75.51% of the stock is currently owned by institutional investors.

Mastercard Inc (NYSE:MA) opened at $175.65 on Tuesday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.99. Mastercard Inc has a 12 month low of $108.98 and a 12 month high of $177.11. The company has a market cap of $185,950.00, a P/E ratio of 39.30, a price-to-earnings-growth ratio of 1.63 and a beta of 1.26.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.02. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The business had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the previous year, the company earned $0.86 EPS. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. sell-side analysts expect that Mastercard Inc will post 5.88 earnings per share for the current year.

Mastercard declared that its board has approved a share buyback program on Monday, December 4th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the credit services provider to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 6th. This represents a $1.00 dividend on an annualized basis and a yield of 0.57%. Mastercard’s dividend payout ratio is presently 22.37%.

In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were 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 owns 47,901 shares of the company’s stock, valued at approximately $7,271,850.81. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.30% of the stock is owned by insiders.

Several equities analysts have recently weighed in on MA shares. Credit Suisse Group reiterated a “hold” rating and issued a $164.00 target price on shares of Mastercard in a research note on Monday, January 8th. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a research note on Tuesday, January 2nd. Morgan Stanley lifted their target price on shares of Mastercard from $178.00 to $192.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Sanford C. Bernstein reiterated a “buy” rating and issued a $166.00 target price (up previously from $145.00) on shares of Mastercard in a research note on Monday, October 30th. They noted that the move was a valuation call. Finally, Loop Capital lifted their target price on shares of Mastercard to $167.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $177.40.

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About Mastercard

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.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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