Mastercard Inc (MA) Position Trimmed by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. decreased its position in shares of Mastercard Inc (NYSE:MA) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 416,810 shares of the credit services provider’s stock after selling 35,897 shares during the period. Mawer Investment Management Ltd.’s holdings in Mastercard were worth $78,631,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Focused Wealth Management Inc acquired a new position in shares of Mastercard during the fourth quarter valued at about $25,000. Ruggie Capital Group acquired a new position in shares of Mastercard during the fourth quarter valued at about $27,000. New Capital Management LP increased its holdings in shares of Mastercard by 50.0% during the fourth quarter. New Capital Management LP now owns 150 shares of the credit services provider’s stock valued at $28,000 after acquiring an additional 50 shares in the last quarter. Avondale Wealth Management acquired a new position in Mastercard in the 4th quarter worth approximately $28,000. Finally, Motco increased its holdings in Mastercard by 40.9% in the 4th quarter. Motco now owns 186 shares of the credit services provider’s stock worth $35,000 after buying an additional 54 shares during the period. Institutional investors and hedge funds own 75.49% of the company’s stock.

Shares of NYSE:MA traded up $0.32 during midday trading on Monday, reaching $239.15. 2,540,910 shares of the company’s stock were exchanged, compared to its average volume of 3,469,858. The company has a market capitalization of $245.02 billion, a price-to-earnings ratio of 36.85, a PEG ratio of 1.88 and a beta of 1.14. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.08. Mastercard Inc has a fifty-two week low of $170.65 and a fifty-two week high of $240.93.

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, beating the consensus estimate of $1.52 by $0.03. The company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.79 billion. Mastercard had a return on equity of 122.25% and a net margin of 39.19%. As a group, equities research analysts predict that Mastercard Inc will post 7.56 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio is currently 20.34%.

MA has been the topic of several research reports. Zacks Investment Research downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Bank of America cut shares of Mastercard from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $230.00 to $207.00 in a research note on Tuesday, January 8th. Nomura raised their price objective on shares of Mastercard to $252.00 and gave the stock a “buy” rating in a research note on Wednesday, February 20th. Wells Fargo & Co dropped their price objective on shares of Mastercard from $235.00 to $228.00 and set an “outperform” rating on the stock in a research note on Thursday, January 3rd. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $245.00 price objective on shares of Mastercard in a research note on Friday, December 21st. Three investment 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 stock. The stock presently has a consensus rating of “Buy” and an average target price of $232.74.

In other Mastercard news, insider Michael Miebach sold 2,711 shares of Mastercard stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $240.28, for a total value of $651,399.08. Following the completion of the transaction, the insider now directly owns 20,492 shares of the company’s stock, valued at approximately $4,923,817.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Timothy H. Murphy sold 60,428 shares of Mastercard stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $230.31, for a total value of $13,917,172.68. Following the completion of the transaction, the general counsel now directly owns 46,331 shares of the company’s stock, valued at $10,670,492.61. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 99,716 shares of company stock valued at $22,428,540. 0.32% of the stock is currently owned by corporate insiders.

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About Mastercard

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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