Fiera Capital Corp Increases Position in Mastercard Inc (MA)

Fiera Capital Corp boosted its position in shares of Mastercard Inc (NYSE:MA) by 11.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,386,776 shares of the credit services provider’s stock after buying an additional 359,876 shares during the period. Mastercard makes up approximately 2.0% of Fiera Capital Corp’s portfolio, making the stock its 7th largest position. Fiera Capital Corp owned approximately 0.31% of Mastercard worth $349,685,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MA. Price T Rowe Associates Inc. MD increased 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 credit services provider’s stock worth $4,457,649,000 after buying an additional 4,111,803 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in Mastercard during the third quarter worth $405,125,000. Capital Research Global Investors increased its stake in Mastercard by 61.0% in the third quarter. Capital Research Global Investors now owns 7,013,658 shares of the credit services provider’s stock worth $713,780,000 after buying an additional 2,656,656 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Mastercard during the fourth quarter worth $221,469,000. Finally, Asset Management One Co. Ltd. increased its stake in Mastercard by 953.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,790,694 shares of the credit services provider’s stock worth $184,957,000 after buying an additional 1,620,638 shares during the last quarter. 75.53% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Shares of Mastercard Inc (NYSE:MA) traded down 0.28% on Friday, reaching $114.27. The company’s stock had a trading volume of 3,385,023 shares. Mastercard Inc has a 12-month low of $86.65 and a 12-month high of $115.61. The company has a market cap of $123.17 billion, a P/E ratio of 30.97 and a beta of 1.26. The company’s 50 day moving average price is $111.94 and its 200 day moving average price is $107.09.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, January 31st. The credit services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.01. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.79 billion. Mastercard had a net margin of 37.67% and a return on equity of 71.09%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.79 earnings per share. Analysts forecast that Mastercard Inc will post $4.26 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 9th. Stockholders of record on Friday, April 7th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Wednesday, April 5th. Mastercard’s dividend payout ratio (DPR) is presently 23.85%.

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Several analysts recently weighed in on the company. Vetr downgraded Mastercard from a “buy” rating to a “hold” rating and set a $116.99 price objective for the company. in a research report on Monday. Zacks Investment Research downgraded Mastercard from a “hold” rating to a “sell” rating in a research report on Thursday. Jefferies Group LLC set a $123.00 price objective on Mastercard and gave the stock a “buy” rating in a research report on Saturday, March 25th. Cowen and Company restated an “outperform” rating and set a $122.00 price objective on shares of Mastercard in a research report on Monday, March 6th. Finally, Piper Jaffray Companies restated a “buy” rating on shares of Mastercard in a research report on Friday, April 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $117.55.

In related news, insider Michael Fraccaro sold 763 shares of the business’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $112.35, for a total transaction of $85,723.05. Following the completion of the transaction, the insider now directly owns 4,791 shares in the company, valued at $538,268.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 205,035 shares of the business’s stock in a transaction on Tuesday, January 24th. The shares were sold at an average price of $109.50, for a total transaction of $22,451,332.50. Following the transaction, the insider now owns 113,859,407 shares of the company’s stock, valued at $12,467,605,066.50. The disclosure for this sale can be found here. Insiders have sold 1,256,663 shares of company stock worth $135,565,151 over the last three months. Corporate insiders own 3.14% of the company’s stock.

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.

5 Day Chart for NYSE:MA

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