Ameritas Investment Partners Inc. lessened its stake in Mastercard Incorporated (NYSE:MA) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,344 shares of the credit services provider’s stock after selling 329 shares during the period. Ameritas Investment Partners Inc.’s holdings in Mastercard were worth $2,592,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Mastercard by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock worth $7,930,357,000 after purchasing an additional 1,490,267 shares during the last quarter. State Street Corp raised its position 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 raised its position 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 raised its position 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 raised its position 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. Hedge funds and other institutional investors own 75.81% of the company’s stock.
Several analysts have commented on MA shares. Oppenheimer reiterated a “buy” rating and set a $145.00 target price on shares of Mastercard in a research report on Friday, September 8th. Citigroup upped their target price on shares of Mastercard from $157.00 to $167.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Nomura upped their target price on shares of Mastercard from $153.00 to $163.00 and gave the company a “buy” rating in a research report on Friday, September 8th. Susquehanna Bancshares reiterated a “positive” rating and set a $158.00 target price (up previously from $149.00) on shares of Mastercard in a research report on Friday, September 8th. Finally, Guggenheim upgraded shares of Mastercard from a “neutral” rating to a “buy” rating and upped their target price for the company from $135.00 to $153.00 in a research report on Monday, September 11th. Two analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Mastercard presently has an average rating of “Buy” and an average target price of $159.22.
Mastercard (NYSE:MA) last announced its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the previous year, the business earned $1.08 EPS. The firm’s revenue was up 18.1% on a year-over-year basis. sell-side analysts predict that Mastercard Incorporated will post 4.54 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Tuesday, January 9th will be paid a $0.25 dividend. The ex-dividend date is Monday, January 8th. This is a positive change from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a yield of 0.69%. Mastercard’s dividend payout ratio is presently 20.47%.
Mastercard declared that its Board of Directors has authorized a share buyback program on Monday, December 4th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the credit services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.
In related news, insider Craig Vosburg sold 14,200 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total value of $2,014,412.00. Following the completion of the transaction, the insider now directly owns 40,646 shares of the company’s stock, valued at approximately $5,766,041.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael Fraccaro sold 5,800 shares of the company’s stock in a transaction on Thursday, October 12th. The stock was 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. Over the last ninety days, insiders sold 25,000 shares of company stock valued at $3,582,984. Company insiders own 0.30% of the company’s stock.
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Mastercard Company 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.
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