Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Mastercard Inc (NYSE:MA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 17,973 shares of the credit services provider’s stock, valued at approximately $3,391,000. Mastercard comprises approximately 0.9% of Kentucky Retirement Systems Insurance Trust Fund’s portfolio, making the stock its 25th biggest holding.
Several other hedge funds and other institutional investors have also recently bought and sold shares of MA. Oregon Public Employees Retirement Fund boosted its position in shares of Mastercard by 14,925.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 71,553,436 shares of the credit services provider’s stock valued at $379,000 after acquiring an additional 71,077,219 shares during the last quarter. Rehmann Capital Advisory Group lifted its position in Mastercard by 22,078.6% in the third quarter. Rehmann Capital Advisory Group now owns 1,820,194 shares of the credit services provider’s stock worth $8,176,000 after buying an additional 1,811,987 shares during the last quarter. Millennium Management LLC lifted its position in Mastercard by 673.1% in the fourth quarter. Millennium Management LLC now owns 1,400,813 shares of the credit services provider’s stock worth $264,263,000 after buying an additional 1,219,620 shares during the last quarter. Morgan Stanley lifted its position in Mastercard by 8.1% in the third quarter. Morgan Stanley now owns 14,071,425 shares of the credit services provider’s stock worth $3,132,440,000 after buying an additional 1,058,341 shares during the last quarter. Finally, Polen Capital Management LLC lifted its position in Mastercard by 38.9% in the fourth quarter. Polen Capital Management LLC now owns 2,513,147 shares of the credit services provider’s stock worth $474,105,000 after buying an additional 704,133 shares during the last quarter. Hedge funds and other institutional investors own 75.55% of the company’s stock.
A number of analysts recently issued reports on MA shares. Edward Jones upgraded Mastercard from a “hold” rating to a “buy” rating in a research report on Wednesday, December 26th. Jefferies Financial Group started coverage on Mastercard in a research report on Monday, January 28th. They issued a “buy” rating for the company. Wells Fargo & Co lowered their price target on Mastercard from $235.00 to $228.00 and set an “outperform” rating for the company in a research report on Thursday, January 3rd. Piper Jaffray Companies restated an “overweight” rating and issued a $245.00 price target on shares of Mastercard in a research report on Friday, December 21st. Finally, Barclays restated a “buy” rating on shares of Mastercard in a research report on Sunday, February 3rd. Three analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $232.74.
Mastercard (NYSE:MA) last released its earnings results on Thursday, January 31st. The credit services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.03. Mastercard had a return on equity of 122.25% and a net margin of 39.19%. The business had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.79 billion. On average, sell-side analysts anticipate that Mastercard Inc will post 7.56 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $1.32 annualized dividend and a dividend yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is 20.34%.
In other news, insider Craig Vosburg sold 7,650 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $238.24, for a total transaction of $1,822,536.00. Following the transaction, the insider now owns 28,729 shares in the company, valued at $6,844,396.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael Miebach sold 2,711 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $240.28, for a total value of $651,399.08. Following the transaction, the insider now owns 20,492 shares in the company, valued at approximately $4,923,817.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 99,716 shares of company stock valued at $22,428,540. Corporate insiders own 0.32% of the company’s stock.
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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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