Bell Asset Management Ltd boosted its stake in shares of Mastercard Inc (NYSE:MA) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,548 shares of the credit services provider’s stock after purchasing an additional 1,625 shares during the quarter. Mastercard accounts for approximately 1.6% of Bell Asset Management Ltd’s holdings, making the stock its 29th biggest position. Bell Asset Management Ltd’s holdings in Mastercard were worth $7,468,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in MA. Principal Financial Group Inc. grew its position in shares of Mastercard by 4.3% during the 1st quarter. Principal Financial Group Inc. now owns 2,569,086 shares of the credit services provider’s stock valued at $450,002,000 after acquiring an additional 105,160 shares during the period. CenturyLink Investment Management Co grew its position in shares of Mastercard by 39.3% during the 2nd quarter. CenturyLink Investment Management Co now owns 8,376 shares of the credit services provider’s stock valued at $1,646,000 after acquiring an additional 2,361 shares during the period. Gulf International Bank UK Ltd grew its position in shares of Mastercard by 0.7% during the 2nd quarter. Gulf International Bank UK Ltd now owns 298,806 shares of the credit services provider’s stock valued at $58,721,000 after acquiring an additional 2,100 shares during the period. DnB Asset Management AS grew its position in shares of Mastercard by 4.2% during the 2nd quarter. DnB Asset Management AS now owns 112,694 shares of the credit services provider’s stock valued at $22,147,000 after acquiring an additional 4,500 shares during the period. Finally, First American Trust FSB acquired a new stake in shares of Mastercard during the 2nd quarter valued at about $201,000. Hedge funds and other institutional investors own 74.46% of the company’s stock.
Several equities research analysts recently issued reports on the company. Buckingham Research lifted their price objective on Mastercard from $222.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, July 27th. SunTrust Banks lifted their price objective on Mastercard to $240.00 and gave the stock a “buy” rating in a report on Friday, July 27th. They noted that the move was a valuation call. Loop Capital lifted their price objective on Mastercard to $232.00 and gave the stock a “buy” rating in a report on Friday, July 27th. They noted that the move was a valuation call. Cowen reiterated a “buy” rating and issued a $207.00 price objective on shares of Mastercard in a report on Friday, July 20th. Finally, Bank of America raised their target price on shares of Mastercard from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday, July 17th. Two investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $218.59.
MA stock opened at $198.17 on Wednesday. The company has a market cap of $212.36 billion, a PE ratio of 43.27, a PEG ratio of 1.76 and a beta of 1.22. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.55 and a current ratio of 1.55. Mastercard Inc has a one year low of $140.61 and a one year high of $225.35.
Mastercard (NYSE:MA) last released its quarterly earnings results on Tuesday, October 30th. The credit services provider reported $1.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.10. The firm had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.86 billion. Mastercard had a net margin of 35.88% and a return on equity of 114.58%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.34 EPS. Analysts forecast that Mastercard Inc will post 6.43 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 9th. Stockholders of record on Tuesday, October 9th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Friday, October 5th. Mastercard’s payout ratio is presently 21.83%.
In other news, Director Richard K. Davis purchased 2,475 shares of Mastercard stock in a transaction dated Friday, November 2nd. The shares were purchased at an average price of $196.37 per share, with a total value of $486,015.75. Following the transaction, the director now owns 3,468 shares in the company, valued at $681,011.16. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.32% of the stock is currently owned by insiders.
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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