Abner Herrman & Brock LLC decreased its stake in Mastercard Inc (NYSE:MA) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 138,016 shares of the credit services provider’s stock after selling 1,051 shares during the period. Mastercard accounts for 4.8% of Abner Herrman & Brock LLC’s portfolio, making the stock its 3rd largest position. Abner Herrman & Brock LLC’s holdings in Mastercard were worth $26,037,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. 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 period. 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 period. FMR LLC increased its position in shares of Mastercard by 6.0% during the 2nd quarter. FMR LLC now owns 39,120,141 shares of the credit services provider’s stock valued at $7,687,891,000 after purchasing an additional 2,229,947 shares during the period. 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 period. Finally, Capital World Investors increased its position in shares of Mastercard by 18.4% during 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 purchasing an additional 2,976,127 shares during the period. 74.53% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Richard K. Davis acquired 2,475 shares of Mastercard stock in a transaction that occurred on Friday, November 2nd. The stock was purchased at an average price of $196.37 per share, with a total value of $486,015.75. Following the completion of the transaction, the director now owns 3,468 shares in the company, valued at $681,011.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction on Monday, December 17th. The shares were sold at an average price of $192.00, for a total value of $960,000.00. Following the sale, the director now directly owns 40,183 shares of the company’s stock, valued at approximately $7,715,136. The disclosure for this sale can be found here. Company insiders own 0.32% of the company’s stock.
Shares of Mastercard stock traded down $0.97 during midday trading on Friday, hitting $195.98. The company’s stock had a trading volume of 77,463 shares, compared to its average volume of 4,562,145. The stock has a market cap of $202.19 billion, a PE ratio of 42.78, a price-to-earnings-growth ratio of 1.43 and a beta of 1.13. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.01. Mastercard Inc has a 1-year low of $156.80 and a 1-year high of $225.35.
Mastercard (NYSE:MA) last issued its earnings results on Tuesday, October 30th. The credit services provider reported $1.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.10. The business had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $3.86 billion. Mastercard had a return on equity of 114.58% and a net margin of 35.88%. Mastercard’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.34 earnings per share. Analysts expect that Mastercard Inc will post 6.44 EPS for the current fiscal year.
Mastercard declared that its board has authorized a stock buyback plan on Tuesday, December 4th that authorizes the company to buyback $6.50 billion in outstanding shares. This buyback authorization authorizes the credit services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 8th. Stockholders of record on Wednesday, January 9th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Tuesday, January 8th. This is a boost from Mastercard’s previous quarterly dividend of $0.25. Mastercard’s dividend payout ratio (DPR) is 28.82%.
Several equities analysts have recently issued reports on MA shares. Edward Jones upgraded Mastercard from a “hold” rating to a “buy” rating in a research report on Wednesday, December 26th. Goldman Sachs Group upgraded Mastercard from a “buy” rating to a “conviction-buy” rating in a research report on Monday, September 17th. Credit Suisse Group lifted their price target on Mastercard from $210.00 to $224.00 and gave the company an “outperform” rating in a research report on Monday, October 8th. BMO Capital Markets started coverage on Mastercard in a research report on Wednesday, September 26th. They set an “outperform” rating and a $238.00 price target on the stock. Finally, Wells Fargo & Co lifted their price target on Mastercard from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Monday, October 1st. Three investment analysts have rated the stock with a hold rating, twenty-six have issued 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 $220.20.
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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