Thornburg Investment Management Inc. Reduces Stake in Mastercard Incorporated (MA)

Thornburg Investment Management Inc. cut its position in Mastercard Incorporated (NYSE:MA) by 34.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 349,488 shares of the credit services provider’s stock after selling 180,503 shares during the period. Thornburg Investment Management Inc.’s holdings in Mastercard were worth $39,307,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of MA. Temasek Holdings Private Ltd acquired a new stake in Mastercard during the fourth quarter worth $27,568,000. Envestnet Asset Management Inc. increased its stake in Mastercard by 4.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 366,818 shares of the credit services provider’s stock worth $37,876,000 after buying an additional 16,504 shares during the period. Gardner Lewis Asset Management L P increased its stake in Mastercard by 2.2% in the fourth quarter. Gardner Lewis Asset Management L P now owns 77,526 shares of the credit services provider’s stock worth $8,005,000 after buying an additional 1,670 shares during the period. Guardian Capital LP increased its stake in Mastercard by 16.6% in the fourth quarter. Guardian Capital LP now owns 112,018 shares of the credit services provider’s stock worth $11,566,000 after buying an additional 15,988 shares during the period. Finally, Atlanta Capital Management Co. L L C increased its stake in Mastercard by 3.1% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 904,917 shares of the credit services provider’s stock worth $93,433,000 after buying an additional 26,865 shares during the period. Hedge funds and other institutional investors own 75.74% of the company’s stock.

Shares of Mastercard Incorporated (NYSE:MA) opened at 127.43 on Tuesday. Mastercard Incorporated has a 12-month low of $90.72 and a 12-month high of $127.58. The stock has a 50 day moving average of $121.69 and a 200 day moving average of $113.06. The company has a market cap of $136.59 billion, a price-to-earnings ratio of 33.27 and a beta of 1.17.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Tuesday, May 2nd. The credit services provider reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.07. Mastercard had a net margin of 37.79% and a return on equity of 72.95%. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same quarter last year, the firm posted $0.86 earnings per share. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. Analysts forecast that Mastercard Incorporated will post $4.31 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Wednesday, July 5th. Mastercard’s payout ratio is 22.98%.

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A number of analysts have recently weighed in on MA shares. Jefferies Group LLC set a $123.00 target price on shares of Mastercard and gave the stock a “buy” rating in a report on Saturday, March 25th. Piper Jaffray Companies restated a “buy” rating on shares of Mastercard in a report on Friday, April 14th. Vetr downgraded shares of Mastercard from a “buy” rating to a “hold” rating and set a $116.99 target price on the stock. in a report on Monday, April 17th. Zacks Investment Research downgraded shares of Mastercard from a “hold” rating to a “sell” rating in a report on Thursday, April 20th. Finally, Barclays PLC boosted their target price on shares of Mastercard from $124.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, April 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $124.10.

In other news, major shareholder Foundation Mastercard sold 87,618 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $126.60, for a total value of $11,092,438.80. Following the completion of the transaction, the insider now owns 112,736,681 shares of the company’s stock, valued at $14,272,463,814.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Gary J. Flood sold 83,959 shares of the firm’s stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $115.43, for a total transaction of $9,691,387.37. Following the completion of the transaction, the insider now directly owns 78,819 shares of the company’s stock, valued at approximately $9,098,077.17. The disclosure for this sale can be found here. In the last three months, insiders sold 333,319 shares of company stock valued at $39,751,311. Insiders own 0.30% 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.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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