Parkwood LLC lifted its position in Mastercard Inc (NYSE:MA) by 19.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 64,423 shares of the credit services provider’s stock after acquiring an additional 10,505 shares during the period. Mastercard comprises approximately 2.4% of Parkwood LLC’s holdings, making the stock its 9th largest position. Parkwood LLC’s holdings in Mastercard were worth $14,341,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in MA. FMR LLC increased its position in shares of Mastercard by 6.0% in the second quarter. FMR LLC now owns 39,120,141 shares of the credit services provider’s stock worth $7,687,891,000 after acquiring an additional 2,229,947 shares in the last quarter. Jennison Associates LLC increased its position in shares of Mastercard by 4.8% in the third quarter. Jennison Associates LLC now owns 15,023,688 shares of the credit services provider’s stock worth $3,344,423,000 after acquiring an additional 693,667 shares in the last quarter. BlackRock Inc. increased its position in shares of Mastercard by 0.7% in the second quarter. BlackRock Inc. now owns 65,030,203 shares of the credit services provider’s stock worth $12,779,736,000 after acquiring an additional 452,200 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd increased its position in shares of Mastercard by 45.6% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,428,465 shares of the credit services provider’s stock worth $317,990,000 after acquiring an additional 447,615 shares in the last quarter. Finally, Royal London Asset Management Ltd. purchased a new position in shares of Mastercard in the second quarter worth approximately $75,734,000. 74.84% of the stock is currently owned by institutional investors and hedge funds.
Shares of MA opened at $201.07 on Monday. Mastercard Inc has a 52 week low of $140.61 and a 52 week high of $225.35. The company has a market cap of $207.66 billion, a P/E ratio of 43.90, a P/E/G ratio of 1.72 and a beta of 1.21. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.01.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 9th. Shareholders of record on Tuesday, October 9th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Friday, October 5th. Mastercard’s dividend payout ratio is 21.83%.
MA has been the topic of several analyst reports. Goldman Sachs Group raised shares of Mastercard from a “buy” rating to a “conviction-buy” rating in a research report on Monday, September 17th. BMO Capital Markets initiated coverage on shares of Mastercard in a research report on Wednesday, September 26th. They issued an “outperform” rating and a $238.00 target price on the stock. Credit Suisse Group lifted their target price on shares of Mastercard from $210.00 to $224.00 and gave the stock an “outperform” rating in a research report on Monday, October 8th. Wells Fargo & Co boosted their price objective on shares of Mastercard from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Monday, October 1st. Finally, Royal Bank of Canada boosted their price objective on shares of Mastercard from $223.00 to $232.00 and gave the company an “outperform” rating in a research report on Tuesday, September 11th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $220.55.
In other Mastercard news, Director Richard K. Davis bought 2,475 shares of the firm’s stock in a transaction on Friday, November 2nd. The stock was bought at an average cost of $196.37 per share, with a total value of $486,015.75. Following the completion of the transaction, the director now directly owns 3,468 shares of the company’s stock, valued at approximately $681,011.16. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.32% of the company’s stock.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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