Public Employees Retirement Association of Colorado trimmed its position in shares of Mastercard Inc (NYSE:MA) by 0.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 557,102 shares of the credit services provider’s stock after selling 1,204 shares during the period. Mastercard accounts for approximately 0.9% of Public Employees Retirement Association of Colorado’s portfolio, making the stock its 24th largest holding. Public Employees Retirement Association of Colorado’s holdings in Mastercard were worth $151,292,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Cox Capital Mgt LLC boosted its stake in Mastercard by 3.0% in the 2nd quarter. Cox Capital Mgt LLC now owns 10,534 shares of the credit services provider’s stock valued at $2,787,000 after purchasing an additional 310 shares during the period. Park National Corp OH boosted its position in Mastercard by 16.5% during the second quarter. Park National Corp OH now owns 1,510 shares of the credit services provider’s stock worth $399,000 after acquiring an additional 214 shares during the last quarter. South Texas Money Management Ltd. boosted its position in Mastercard by 3.0% during the second quarter. South Texas Money Management Ltd. now owns 2,163 shares of the credit services provider’s stock worth $572,000 after acquiring an additional 63 shares during the last quarter. Winfield Associates Inc. acquired a new position in Mastercard during the second quarter worth about $143,000. Finally, Foundations Investment Advisors LLC boosted its position in Mastercard by 13.3% during the second quarter. Foundations Investment Advisors LLC now owns 6,811 shares of the credit services provider’s stock worth $1,860,000 after acquiring an additional 801 shares during the last quarter. 74.21% of the stock is owned by institutional investors and hedge funds.
In other news, Director Richard K. Davis acquired 1,735 shares of the company’s stock in a transaction on Monday, August 12th. The shares were bought at an average cost of $270.09 per share, with a total value of $468,606.15. Following the transaction, the director now owns 6,031 shares in the company, valued at approximately $1,628,912.79. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 7,542 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $270.00, for a total transaction of $2,036,340.00. Following the completion of the sale, the insider now directly owns 111,902,100 shares in the company, valued at $30,213,567,000. The disclosure for this sale can be found here. Over the last three months, insiders sold 99,080 shares of company stock worth $27,149,356. Insiders own 3.70% of the company’s stock.
MA traded up $2.10 during trading hours on Friday, hitting $274.89. 2,200,430 shares of the company’s stock were exchanged, compared to its average volume of 3,524,577. Mastercard Inc has a 12-month low of $171.89 and a 12-month high of $293.69. The firm has a 50 day moving average of $272.40 and a 200 day moving average of $267.53. The firm has a market cap of $272.92 billion, a P/E ratio of 42.36, a price-to-earnings-growth ratio of 2.19 and a beta of 1.04. 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 (NYSE:MA) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $2.15 earnings per share for the quarter, topping the 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 firm had revenue of $4.47 billion for the quarter, compared to the consensus estimate of $4.41 billion. During the same period in the prior year, the firm earned $1.78 EPS. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. As a group, research analysts expect that Mastercard Inc will post 7.69 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Tuesday, October 8th. Mastercard’s dividend payout ratio is presently 20.34%.
A number of equities analysts recently weighed in on the stock. BMO Capital Markets boosted their price target on shares of Mastercard to $348.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. They noted that the move was a valuation call. Tigress Financial restated a “buy” rating on shares of Mastercard in a report on Thursday, August 22nd. Guggenheim set a $305.00 price objective on shares of Mastercard and gave the stock a “buy” rating in a report on Friday, November 1st. Raymond James upped their price objective on shares of Mastercard from $300.00 to $308.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Citigroup upped their price objective on shares of Mastercard from $288.00 to $317.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Three research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $303.45.
Mastercard Company Profile
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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