Mastercard Incorporated (MA) Stake Maintained by Simmons Bank

Simmons Bank maintained its stake in Mastercard Incorporated (NYSE:MA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,610 shares of the credit services provider’s stock at the end of the 2nd quarter. Simmons Bank’s holdings in Mastercard were worth $438,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Mastercard by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock valued at $7,930,357,000 after acquiring an additional 1,490,267 shares during the last quarter. State Street Corp boosted its holdings in shares of Mastercard by 0.4% during the 1st quarter. State Street Corp now owns 37,454,824 shares of the credit services provider’s stock valued at $4,212,546,000 after acquiring an additional 140,515 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Mastercard by 784.3% during the 2nd quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock valued at $2,048,899,000 after acquiring an additional 14,962,583 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of Mastercard by 15.8% during the 2nd quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock valued at $1,540,665,000 after acquiring an additional 1,729,179 shares during the last quarter. Finally, Capital World Investors boosted its holdings in shares of Mastercard by 2.3% during the 2nd quarter. Capital World Investors now owns 12,675,652 shares of the credit services provider’s stock valued at $1,539,458,000 after acquiring an additional 289,488 shares during the last quarter. 75.81% of the stock is currently owned by hedge funds and other institutional investors.

MA has been the topic of a number of recent analyst reports. Guggenheim raised shares of Mastercard from a “neutral” rating to a “buy” rating and raised their price target for the company from $135.00 to $153.00 in a report on Monday, September 11th. Instinet reissued a “buy” rating and issued a $163.00 price objective (up previously from $153.00) on shares of Mastercard in a report on Saturday, September 9th. Oppenheimer reissued a “buy” rating and issued a $145.00 price objective on shares of Mastercard in a report on Friday, September 8th. Nomura raised their price objective on shares of Mastercard from $153.00 to $163.00 and gave the stock a “buy” rating in a report on Friday, September 8th. Finally, Cowen reissued a “buy” rating and issued a $137.00 price objective on shares of Mastercard in a report on Friday, September 8th. Two investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $159.08.

Mastercard Incorporated (MA) traded down $0.78 during midday trading on Monday, reaching $149.69. 3,932,900 shares of the company’s stock were exchanged, compared to its average volume of 3,183,732. Mastercard Incorporated has a 12 month low of $99.82 and a 12 month high of $154.65. The company has a market cap of $158,471.11, a PE ratio of 34.73, a price-to-earnings-growth ratio of 1.99 and a beta of 1.20. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66.

Mastercard (NYSE:MA) last released its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The company had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter last year, the business earned $1.08 EPS. The firm’s revenue was up 18.1% compared to the same quarter last year. sell-side analysts predict that Mastercard Incorporated will post 4.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Friday, October 6th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Thursday, October 5th. Mastercard’s payout ratio is 20.47%.

In other news, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $142.51, for a total transaction of $712,550.00. Following the sale, the director now owns 45,278 shares in the company, valued at $6,452,567.78. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Michael Fraccaro sold 5,800 shares of Mastercard stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $147.59, for a total transaction of $856,022.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,000 shares of company stock worth $3,582,984. 0.30% of the stock is owned by company insiders.

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Mastercard Profile

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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