Nepsis Capital Management Inc. Trims Holdings in Mastercard Incorporated (MA)

Nepsis Capital Management Inc. lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 44,452 shares of the credit services provider’s stock after selling 1,166 shares during the period. Mastercard accounts for 3.4% of Nepsis Capital Management Inc.’s holdings, making the stock its 14th largest position. Nepsis Capital Management Inc.’s holdings in Mastercard were worth $6,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of MA. Massey Quick Simon & CO. LLC bought a new position in shares of Mastercard during the 3rd quarter worth approximately $102,000. Thompson Davis & CO. Inc. lifted its position in shares of Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after buying an additional 546 shares during the period. Wealthcare Advisory Partners LLC bought a new position in Mastercard in the 3rd quarter valued at $106,000. Acrospire Investment Management LLC bought a new position in Mastercard in the 2nd quarter valued at $121,000. Finally, Horan Capital Advisors LLC. bought a new position in Mastercard in the 3rd quarter valued at $131,000. Institutional investors and hedge funds own 75.79% of the company’s stock.

Several equities analysts have issued reports on MA shares. Citigroup lifted their price objective on Mastercard from $157.00 to $167.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Robert W. Baird lifted their price objective on Mastercard from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, October 16th. Piper Jaffray Companies reiterated a “buy” rating and issued a $161.00 price objective on shares of Mastercard in a research report on Friday, October 13th. Credit Suisse Group reiterated a “hold” rating and issued a $164.00 price objective on shares of Mastercard in a research report on Monday, January 8th. Finally, Stephens started coverage on Mastercard in a research report on Friday, October 13th. They issued an “overweight” rating and a $166.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirty-one have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $176.64.

In other news, insider Edward Grunde Mclaughlin sold 17,167 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total value of $2,606,122.27. Following the sale, the insider now directly owns 47,901 shares in the company, valued at $7,271,850.81. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.30% of the company’s stock.

Mastercard Incorporated (NYSE:MA) opened at $165.20 on Friday. Mastercard Incorporated has a 52 week low of $107.20 and a 52 week high of $177.11. The company has a quick ratio of 1.66, a current ratio of 1.57 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $170,042.28, a PE ratio of 45.26, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.02. The firm had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. The company’s revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 earnings per share. equities research analysts predict that Mastercard Incorporated will post 5.88 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Monday, April 9th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.61%. Mastercard’s dividend payout ratio (DPR) is 27.40%.

Mastercard announced that its Board of Directors has approved a share repurchase plan 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 repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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