18,024 Shares in Mastercard Incorporated (MA) Acquired by Verition Fund Management LLC

Verition Fund Management LLC bought a new position in shares of Mastercard Incorporated (NYSE:MA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 18,024 shares of the credit services provider’s stock, valued at approximately $2,189,000.

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

A number of research analysts recently issued reports on the stock. Instinet reiterated a “buy” rating and issued a $163.00 price target (up previously from $153.00) on shares of Mastercard in a research note on Saturday, September 9th. KeyCorp reiterated a “buy” rating and issued a $165.00 price target on shares of Mastercard in a research note on Wednesday, October 18th. BMO Capital Markets reiterated an “outperform” rating and issued a $174.00 price target (up previously from $157.00) on shares of Mastercard in a research note on Wednesday, November 1st. Piper Jaffray Companies reiterated a “buy” rating and issued a $161.00 price target on shares of Mastercard in a research note on Friday, October 13th. Finally, Vetr upgraded shares of Mastercard from a “buy” rating to a “strong-buy” rating and set a $161.72 price target for the company in a research note on Tuesday. Two research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $159.22.

In other news, insider Michael Fraccaro sold 5,800 shares of Mastercard stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $147.59, for a total value of $856,022.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Craig Vosburg sold 14,200 shares of Mastercard stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the completion of the transaction, the insider now directly owns 40,646 shares in the company, valued at $5,766,041.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,000 shares of company stock worth $3,582,984. 0.30% of the stock is owned by corporate insiders.

Mastercard Incorporated (NYSE:MA) traded up $2.29 during mid-day trading on Thursday, reaching $147.42. 3,751,900 shares of the company’s stock were exchanged, compared to its average volume of 3,219,893. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83. Mastercard Incorporated has a 12 month low of $102.62 and a 12 month high of $154.65. The firm has a market capitalization of $153,643.63, a PE ratio of 33.67, a P/E/G ratio of 1.93 and a beta of 1.20.

Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share 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 company earned $1.08 earnings per share. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. equities analysts predict that Mastercard Incorporated will post 4.54 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Tuesday, January 9th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, January 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.68%. This is a boost from Mastercard’s previous quarterly dividend of $0.22. Mastercard’s dividend payout ratio (DPR) is presently 20.47%.

Mastercard declared that its Board of Directors has approved a share repurchase plan on Monday, December 4th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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About Mastercard

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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