Commerce Bank Has $13.67 Million Stake in Mastercard Incorporated (MA)

Commerce Bank lifted its stake in Mastercard Incorporated (NYSE:MA) by 22.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 96,838 shares of the credit services provider’s stock after acquiring an additional 17,677 shares during the period. Commerce Bank’s holdings in Mastercard were worth $13,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Janus Henderson Group PLC boosted its holdings in Mastercard by 784.3% in the 2nd 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. Arrowstreet Capital Limited Partnership boosted its holdings in Mastercard by 289.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,570,551 shares of the credit services provider’s stock worth $433,643,000 after buying an additional 2,654,308 shares during the period. Capital Research Global Investors boosted its holdings in Mastercard by 15.8% in the 2nd 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. Vanguard Group Inc. boosted its holdings 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 buying an additional 1,490,267 shares during the period. Finally, Egerton Capital UK LLP boosted its holdings in Mastercard by 60.6% in the 2nd quarter. Egerton Capital UK LLP now owns 3,923,766 shares of the credit services provider’s stock worth $476,541,000 after buying an additional 1,480,425 shares during the period. Hedge funds and other institutional investors own 75.58% of the company’s stock.

Shares of Mastercard Incorporated (NYSE MA) opened at $159.27 on Tuesday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83. The stock has a market cap of $168,610.00, a PE ratio of 37.13, a PEG ratio of 1.80 and a beta of 1.21. Mastercard Incorporated has a 1 year low of $104.01 and a 1 year high of $160.48.

Mastercard (NYSE:MA) last announced its 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. The firm had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The business’s revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.08 EPS. sell-side analysts anticipate that Mastercard Incorporated will post 4.54 earnings per share for the current fiscal year.

Mastercard announced that its board has authorized a share buyback program on Monday, December 4th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 9th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.63%. This is a boost from Mastercard’s previous quarterly dividend of $0.22. The ex-dividend date is Monday, January 8th. Mastercard’s dividend payout ratio is currently 20.51%.

In other news, insider Michael Fraccaro sold 5,800 shares of the company’s stock in a transaction dated 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 legal filing with the SEC, which is available through this link. Also, insider Edward Grunde Mclaughlin sold 17,167 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the sale, the insider now owns 47,901 shares in the company, valued at $7,271,850.81. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.

Several research analysts recently weighed in on the stock. Credit Suisse Group reaffirmed a “hold” rating and issued a $164.00 target price on shares of Mastercard in a report on Monday. Barclays reaffirmed a “buy” rating and issued a $170.00 target price on shares of Mastercard in a report on Friday. Mizuho raised shares of Mastercard from a “neutral” rating to a “buy” rating in a report on Thursday, January 4th. Royal Bank of Canada downgraded shares of Mastercard from a “top pick” rating to an “outperform” rating and set a $130.00 target price for the company. in a report on Thursday, January 4th. Finally, Zacks Investment Research downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $160.09.

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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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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