Clear Creek Financial Management LLC boosted its holdings in Mastercard Inc (NYSE:MA) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 860 shares of the credit services provider’s stock after purchasing an additional 64 shares during the period. Clear Creek Financial Management LLC’s holdings in Mastercard were worth $265,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of MA. Nuveen Asset Management LLC grew its position in Mastercard by 2,608.7% during the 2nd quarter. Nuveen Asset Management LLC now owns 9,177,186 shares of the credit services provider’s stock worth $2,427,641,000 after acquiring an additional 8,838,385 shares during the last quarter. Johanson Financial Advisors Inc. increased its stake in Mastercard by 29,736.5% in the 4th quarter. Johanson Financial Advisors Inc. now owns 5,985,794 shares of the credit services provider’s stock worth $20,043,000 after purchasing an additional 5,965,732 shares during the period. Morgan Stanley lifted its position in Mastercard by 4.8% in the second quarter. Morgan Stanley now owns 13,929,653 shares of the credit services provider’s stock valued at $3,684,811,000 after purchasing an additional 640,063 shares during the last quarter. Nomura Holdings Inc. lifted its position in Mastercard by 957.5% in the third quarter. Nomura Holdings Inc. now owns 521,174 shares of the credit services provider’s stock valued at $141,230,000 after purchasing an additional 581,955 shares during the last quarter. Finally, Rothschild & Co Wealth Management UK Ltd purchased a new stake in shares of Mastercard during the second quarter valued at approximately $133,846,000. Institutional investors and hedge funds own 73.84% of the company’s stock.
MA has been the topic of several recent analyst reports. SunTrust Banks raised their target price on shares of Mastercard from $325.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Compass Point began coverage on shares of Mastercard in a research note on Thursday, December 5th. They issued a “buy” rating and a $330.00 target price on the stock. Morgan Stanley lifted their target price on shares of Mastercard from $317.00 to $338.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Guggenheim set a $305.00 target price on shares of Mastercard and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Co lifted their target price on shares of Mastercard from $317.00 to $336.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Three analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Mastercard currently has a consensus rating of “Buy” and an average target price of $317.64.
Mastercard stock traded up $1.03 during mid-day trading on Friday, reaching $321.33. 1,401,912 shares of the company traded hands, compared to its average volume of 3,447,384. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.39 and a quick ratio of 1.39. The firm’s 50 day moving average price is $298.44 and its 200 day moving average price is $281.26. The firm has a market capitalization of $313.39 billion, a price-to-earnings ratio of 49.51, a P/E/G ratio of 2.15 and a beta of 1.03. Mastercard Inc has a 52-week low of $196.60 and a 52-week high of $320.33.
Mastercard (NYSE:MA) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $2.15 EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $4.41 billion. During the same period last year, the company posted $1.78 EPS. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Mastercard Inc will post 7.69 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.60 annualized dividend and a dividend yield of 0.50%. This is a boost from Mastercard’s previous quarterly dividend of $0.33. Mastercard’s payout ratio is currently 24.65%.
Mastercard announced that its Board of Directors has approved a share buyback plan on Tuesday, December 3rd that allows the company to buyback $8.00 billion in outstanding shares. This buyback authorization allows the credit services provider to reacquire up to 2.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.
In related news, major shareholder Foundation Mastercard sold 38,536 shares of Mastercard stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $317.03, for a total transaction of $12,217,068.08. Following the sale, the insider now directly owns 111,833,391 shares in the company, valued at $35,454,539,948.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Miebach sold 4,205 shares of Mastercard stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $315.00, for a total value of $1,324,575.00. Following the sale, the insider now owns 16,983 shares in the company, valued at $5,349,645. The disclosure for this sale can be found here. Over the last three months, insiders sold 198,638 shares of company stock valued at $58,809,131. 3.70% of the stock is owned by 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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