Findlay Park Partners LLP bought a new position in shares of Mastercard Inc (NYSE:MA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 525,000 shares of the credit services provider’s stock, valued at approximately $99,041,000. Findlay Park Partners LLP owned 0.05% of Mastercard at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Oregon Public Employees Retirement Fund increased its position in shares of Mastercard by 14,925.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 71,553,436 shares of the credit services provider’s stock worth $379,000 after acquiring an additional 71,077,219 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Mastercard by 0.9% in the third quarter. Vanguard Group Inc. now owns 69,297,171 shares of the credit services provider’s stock worth $15,426,244,000 after acquiring an additional 609,214 shares in the last quarter. Vanguard Group Inc increased its position in shares of Mastercard by 0.9% in the third quarter. Vanguard Group Inc now owns 69,297,171 shares of the credit services provider’s stock worth $15,426,244,000 after acquiring an additional 609,214 shares in the last quarter. Capital Research Global Investors increased its position in shares of Mastercard by 10.5% in the third quarter. Capital Research Global Investors now owns 19,448,504 shares of the credit services provider’s stock worth $4,329,431,000 after acquiring an additional 1,846,753 shares in the last quarter. Finally, Capital World Investors increased its position in shares of Mastercard by 18.4% in the third quarter. Capital World Investors now owns 19,136,297 shares of the credit services provider’s stock worth $4,259,931,000 after acquiring an additional 2,976,127 shares in the last quarter. Institutional investors own 75.49% of the company’s stock.
A number of equities research analysts recently weighed in on MA shares. Zacks Investment Research lowered shares of Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Bank of America lowered shares of Mastercard from a “buy” rating to a “neutral” rating and lowered their price target for the company from $230.00 to $207.00 in a report on Tuesday, January 8th. Nomura raised their price target on shares of Mastercard to $252.00 and gave the company a “buy” rating in a report on Wednesday, February 20th. Wells Fargo & Co lowered their price target on shares of Mastercard from $235.00 to $228.00 and set an “outperform” rating for the company in a report on Thursday, January 3rd. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $245.00 price target on shares of Mastercard in a report on Friday, December 21st. Three equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. Mastercard has an average rating of “Buy” and a consensus price target of $232.74.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, January 31st. The credit services provider reported $1.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.03. The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.79 billion. Mastercard had a net margin of 39.19% and a return on equity of 122.25%. As a group, equities analysts anticipate that Mastercard Inc will post 7.56 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be given a $0.33 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $1.32 annualized dividend and a yield of 0.55%. Mastercard’s dividend payout ratio is presently 20.34%.
In other Mastercard news, General Counsel Timothy H. Murphy sold 60,428 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $230.31, for a total transaction of $13,917,172.68. Following the transaction, the general counsel now owns 46,331 shares of the company’s stock, valued at approximately $10,670,492.61. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael Miebach sold 2,711 shares of Mastercard stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $240.28, for a total transaction of $651,399.08. Following the completion of the transaction, the insider now directly 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 sold 99,716 shares of company stock worth $22,428,540. 0.32% of the stock is currently owned by insiders.
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Mastercard Company Profile
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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