Round Hill Asset Management Decreases Stake in Mastercard Inc (MA)

Round Hill Asset Management trimmed its position in shares of Mastercard Inc (NYSE:MA) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,325 shares of the credit services provider’s stock after selling 325 shares during the period. Round Hill Asset Management’s holdings in Mastercard were worth $1,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund increased 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 purchasing an additional 71,077,219 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Mastercard by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 69,297,171 shares of the credit services provider’s stock valued at $15,426,244,000 after purchasing an additional 609,214 shares during the last quarter. Vanguard Group Inc increased its position in shares of Mastercard by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 69,297,171 shares of the credit services provider’s stock valued at $15,426,244,000 after purchasing an additional 609,214 shares during the last quarter. Capital Research Global Investors increased its position in shares of Mastercard by 10.5% during the 3rd quarter. Capital Research Global Investors now owns 19,448,504 shares of the credit services provider’s stock valued at $4,329,431,000 after purchasing an additional 1,846,753 shares during the last quarter. Finally, Capital World Investors grew its position in Mastercard by 18.4% in the 3rd quarter. Capital World Investors now owns 19,136,297 shares of the credit services provider’s stock valued at $4,259,931,000 after acquiring an additional 2,976,127 shares during the last quarter. 75.58% of the stock is currently owned by institutional investors and hedge funds.

Shares of MA traded up $1.07 during midday trading on Friday, reaching $246.68. 2,774,336 shares of the stock were exchanged, compared to its average volume of 3,416,574. Mastercard Inc has a 52 week low of $171.89 and a 52 week high of $247.15. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $249.80 billion, a price-to-earnings ratio of 38.01, a PEG ratio of 1.93 and a beta of 1.14.

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, topping analysts’ consensus estimates of $1.52 by $0.03. The firm had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Mastercard had a return on equity of 122.25% and a net margin of 39.19%. On average, equities research analysts predict that Mastercard Inc will post 7.56 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Monday, April 8th. Mastercard’s dividend payout ratio (DPR) is currently 20.34%.

In other Mastercard news, General Counsel Timothy H. Murphy sold 60,428 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $230.31, for a total value of $13,917,172.68. Following the completion of the sale, the general counsel now directly owns 46,331 shares in the company, valued at $10,670,492.61. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Michael Miebach sold 2,711 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $240.28, for a total value of $651,399.08. Following the completion of the sale, the insider now owns 20,492 shares of the company’s stock, valued at $4,923,817.76. 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 over the last 90 days. 0.32% of the stock is currently owned by company insiders.

MA has been the topic of several research analyst reports. Nomura upped their price objective on Mastercard to $252.00 and gave the company a “buy” rating in a research report on Wednesday, February 20th. Deutsche Bank upped their price objective on Mastercard from $221.00 to $267.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Barclays reaffirmed a “buy” rating on shares of Mastercard in a research report on Sunday, February 3rd. Jefferies Financial Group initiated coverage on Mastercard in a research report on Monday, January 28th. They issued a “buy” rating on the stock. Finally, UBS Group raised Mastercard from a “neutral” rating to a “buy” rating and upped their price objective for the company from $206.00 to $226.00 in a research report on Wednesday, January 9th. Three investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $234.96.

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Mastercard 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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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