Mastercard Incorporated (MA) Shares Sold by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC cut its stake in Mastercard Incorporated (NYSE:MA) by 16.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 77,895 shares of the credit services provider’s stock after selling 15,840 shares during the period. Clarkston Capital Partners LLC’s holdings in Mastercard were worth $10,999,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC lifted its holdings in shares of Mastercard by 1.3% during the second quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock valued at $118,000 after purchasing an additional 12 shares during the last quarter. First Interstate Bank lifted its holdings in shares of Mastercard by 1.4% during the second quarter. First Interstate Bank now owns 1,643 shares of the credit services provider’s stock valued at $200,000 after purchasing an additional 23 shares during the last quarter. Lourd Capital LLC lifted its holdings in shares of Mastercard by 0.5% during the second quarter. Lourd Capital LLC now owns 5,423 shares of the credit services provider’s stock valued at $659,000 after purchasing an additional 26 shares during the last quarter. Sullivan Bruyette Speros & Blaney LLC lifted its holdings in shares of Mastercard by 1.8% during the second quarter. Sullivan Bruyette Speros & Blaney LLC now owns 2,427 shares of the credit services provider’s stock valued at $295,000 after purchasing an additional 44 shares during the last quarter. Finally, American Asset Management Inc. lifted its holdings in shares of Mastercard by 2.4% during the second quarter. American Asset Management Inc. now owns 2,100 shares of the credit services provider’s stock valued at $255,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 75.57% of the company’s stock.

In other news, insider Michael Fraccaro sold 5,800 shares of the business’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $147.59, for a total transaction of $856,022.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction 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 directly owns 45,278 shares of the company’s stock, valued at approximately $6,452,567.78. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

Shares of Mastercard Incorporated (NYSE:MA) opened at $150.53 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66. Mastercard Incorporated has a 1 year low of $102.98 and a 1 year high of $154.65. The company has a market cap of $159,360.00, a P/E ratio of 35.14, a price-to-earnings-growth ratio of 2.02 and a beta of 1.21.

Mastercard (NYSE:MA) last posted 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 business had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the previous year, the firm posted $1.08 EPS. The firm’s revenue was up 18.1% on a year-over-year basis. equities analysts expect that Mastercard Incorporated will post 4.54 earnings per share for the current year.

Mastercard announced that its Board of Directors has initiated a share repurchase plan on Monday, December 4th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the credit services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Tuesday, January 9th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Monday, January 8th. This is an increase from Mastercard’s previous quarterly dividend of $0.22. Mastercard’s payout ratio is 20.51%.

Several equities analysts have recently issued reports on the stock. Piper Jaffray Companies reiterated an “overweight” rating and set a $150.00 target price (up from $143.00) on shares of Mastercard in a report on Friday, September 8th. Sanford C. Bernstein reiterated a “buy” rating and set a $180.00 target price (up from $166.00) on shares of Mastercard in a report on Monday, December 11th. Cowen reiterated a “buy” rating and set a $137.00 target price on shares of Mastercard in a report on Thursday, October 12th. Zacks Investment Research lowered shares of Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, Guggenheim upgraded shares of Mastercard from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $135.00 to $153.00 in a report on Monday, September 11th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. Mastercard currently has an average rating of “Buy” and a consensus price target of $159.59.

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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.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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