Good Life Advisors LLC lessened its holdings in shares of Mastercard Inc (NYSE:MA) by 8.5% during the 4th quarter, Holdings Channel reports. The firm owned 6,134 shares of the credit services provider’s stock after selling 570 shares during the period. Good Life Advisors LLC’s holdings in Mastercard were worth $1,832,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Ellevest Inc. boosted its holdings in shares of Mastercard by 52.8% in the 2nd quarter. Ellevest Inc. now owns 110 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 38 shares during the period. Howe & Rusling Inc. purchased a new position in shares of Mastercard in the 3rd quarter worth approximately $29,000. Princeton Global Asset Management LLC purchased a new position in Mastercard during the 2nd quarter valued at $33,000. First Command Bank boosted its holdings in Mastercard by 96.3% during the 4th quarter. First Command Bank now owns 161 shares of the credit services provider’s stock valued at $48,000 after acquiring an additional 79 shares during the period. Finally, Corbenic Partners LLC purchased a new position in Mastercard during the 4th quarter valued at $53,000. 73.84% of the stock is currently owned by institutional investors.
A number of equities analysts recently issued reports on MA shares. Compass Point started coverage on Mastercard in a report on Thursday, December 5th. They set a “buy” rating and a $330.00 price objective for the company. Oppenheimer boosted their price objective on Mastercard from $312.00 to $345.00 and gave the company an “outperform” rating in a report on Thursday. BMO Capital Markets boosted their price objective on Mastercard to $348.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. They noted that the move was a valuation call. Nomura boosted their price objective on Mastercard from $324.00 to $354.00 and gave the company a “buy” rating in a report on Monday. Finally, Tigress Financial restated a “buy” rating on shares of Mastercard in a report on Monday, December 23rd. Three investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $317.64.
NYSE MA traded up $0.46 on Friday, reaching $320.76. 1,093,375 shares of the stock traded hands, compared to its average volume of 3,447,384. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.39 and a current ratio of 1.39. The company has a fifty day moving average price of $298.44 and a 200-day moving average price of $281.26. The company has a market cap of $313.39 billion, a price-to-earnings ratio of 49.42, a PEG ratio of 2.15 and a beta of 1.03. Mastercard Inc has a 12 month low of $196.60 and a 12 month high of $320.33.
Mastercard (NYSE:MA) last issued its earnings results on Tuesday, October 29th. The credit services provider reported $2.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.01 by $0.14. The business had revenue of $4.47 billion during the quarter, compared to analyst estimates of $4.41 billion. Mastercard had a return on equity of 146.92% and a net margin of 42.50%. Mastercard’s revenue was up 14.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.78 EPS. As a group, research analysts anticipate that Mastercard Inc will post 7.69 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.50%. This is a positive change from Mastercard’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, January 8th. Mastercard’s payout ratio is presently 24.65%.
Mastercard declared that its board has approved a stock buyback program on Tuesday, December 3rd that authorizes the company to repurchase $8.00 billion in shares. This repurchase authorization authorizes the credit services provider to repurchase up to 2.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
In other news, Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $280.00, for a total value of $1,400,000.00. Following the completion of the transaction, the director now directly owns 32,119 shares of the company’s stock, valued at approximately $8,993,320. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 38,536 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $317.03, for a total value of $12,217,068.08. Following the completion of the transaction, the insider now directly owns 111,833,391 shares of the company’s stock, valued at $35,454,539,948.73. 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. Corporate insiders own 3.70% of the company’s stock.
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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