Dana Investment Advisors Inc. cut its position in shares of Mastercard Inc (NYSE:MA) by 5.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 187,572 shares of the credit services provider’s stock after selling 10,297 shares during the quarter. Mastercard accounts for 1.8% of Dana Investment Advisors Inc.’s portfolio, making the stock its 4th largest position. Dana Investment Advisors Inc.’s holdings in Mastercard were worth $35,385,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund boosted 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 buying an additional 71,077,219 shares during the period. Capital World Investors boosted 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 buying an additional 2,976,127 shares during the period. Capital Research Global Investors boosted 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 buying an additional 1,846,753 shares during the period. Rehmann Capital Advisory Group boosted its position in shares of 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 period. Finally, Morgan Stanley boosted its position in shares of 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 period. Institutional investors own 75.58% of the company’s stock.
Several analysts have recently commented on MA shares. 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 decreased their target price on Mastercard from $235.00 to $228.00 and set an “outperform” rating for the company in a research report on Thursday, January 3rd. Barclays reaffirmed a “buy” rating on shares of Mastercard in a research report on Sunday, February 3rd. UBS Group raised Mastercard from a “neutral” rating to a “buy” rating and raised their target price for the stock from $206.00 to $226.00 in a research report on Wednesday, January 9th. Finally, Bank of America lowered Mastercard from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $230.00 to $207.00 in a report on Tuesday, January 8th. Three equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $234.96.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, January 31st. The credit services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.79 billion. Mastercard had a return on equity of 122.25% and a net margin of 39.19%. Research analysts forecast that Mastercard Inc will post 7.56 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.54%. Mastercard’s payout ratio is presently 20.34%.
In related news, insider Michael Miebach sold 2,711 shares of Mastercard stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $245.00, for a total transaction of $664,195.00. Following the sale, the insider now directly owns 20,492 shares of the company’s stock, valued at $5,020,540. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Michael Fraccaro sold 8,658 shares of Mastercard stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $230.21, for a total value of $1,993,158.18. Following the sale, the insider now directly owns 4,124 shares in the company, valued at $949,386.04. The disclosure for this sale can be found here. Insiders sold 128,930 shares of company stock worth $30,323,319 over the last quarter. 0.32% of the stock is currently owned by corporate insiders.
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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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