Maplelane Capital LLC bought a new stake in Mastercard Inc (NYSE:MA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 65,000 shares of the credit services provider’s stock, valued at approximately $12,263,000. Mastercard accounts for about 0.4% of Maplelane Capital LLC’s portfolio, making the stock its 21st largest position.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Accuvest Global Advisors acquired a new stake in Mastercard during the 4th quarter worth about $517,000. Claybrook Capital LLC acquired a new stake in Mastercard during the 4th quarter worth about $82,000. Triple Frond Partners LLC grew its position in Mastercard by 31.7% during the 4th quarter. Triple Frond Partners LLC now owns 245,000 shares of the credit services provider’s stock worth $46,219,000 after purchasing an additional 59,000 shares during the period. Baillie Gifford & Co. grew its position in Mastercard by 3.8% during the 4th quarter. Baillie Gifford & Co. now owns 5,891,766 shares of the credit services provider’s stock worth $1,111,481,000 after purchasing an additional 213,000 shares during the period. Finally, PRW Wealth Management LLC purchased a new stake in shares of Mastercard during the 4th quarter worth about $593,000. 75.58% of the stock is currently owned by hedge funds and other institutional investors.
MA has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Bank of America lowered shares of Mastercard from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $230.00 to $207.00 in a research note on Tuesday, January 8th. Nomura increased their target price 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 lowered their target price 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, UBS Group raised shares of Mastercard from a “neutral” rating to a “buy” rating and raised their price target for the company from $206.00 to $226.00 in a research note on Wednesday, January 9th. Three research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $234.96.
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 Zacks’ consensus estimate of $1.52 by $0.03. Mastercard had a net margin of 39.19% and a return on equity of 122.25%. The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.79 billion. On average, equities analysts anticipate that Mastercard Inc will post 7.56 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio (DPR) is 20.34%.
In other news, General Counsel Timothy H. Murphy sold 60,428 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the general counsel now owns 46,331 shares in the company, valued at approximately $10,670,492.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Craig Vosburg sold 7,650 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 28,729 shares of the company’s stock, valued at approximately $6,844,396.96. The disclosure for this sale can be found here. Insiders have sold a total of 128,930 shares of company stock valued at $30,323,319 in the last 90 days. 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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