Naples Global Advisors LLC grew its position in Mastercard Inc (NYSE:MA) by 15.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 879 shares of the credit services provider’s stock after acquiring an additional 120 shares during the period. Naples Global Advisors LLC’s holdings in Mastercard were worth $262,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in MA. Johanson Financial Advisors Inc. lifted its stake in shares of Mastercard by 29,736.5% in the 4th quarter. Johanson Financial Advisors Inc. now owns 5,985,794 shares of the credit services provider’s stock valued at $20,043,000 after acquiring an additional 5,965,732 shares during the last quarter. Nomura Holdings Inc. lifted its stake in shares of Mastercard by 957.5% in the 3rd quarter. Nomura Holdings Inc. now owns 521,174 shares of the credit services provider’s stock valued at $141,230,000 after acquiring an additional 581,955 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of Mastercard by 29.7% in the 3rd quarter. California Public Employees Retirement System now owns 2,030,927 shares of the credit services provider’s stock valued at $551,539,000 after acquiring an additional 465,173 shares during the last quarter. PointState Capital LP lifted its stake in shares of Mastercard by 232.7% in the 3rd quarter. PointState Capital LP now owns 519,255 shares of the credit services provider’s stock valued at $141,014,000 after acquiring an additional 363,205 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in Mastercard by 0.5% in the second quarter. BlackRock Inc. now owns 63,796,913 shares of the credit services provider’s stock valued at $16,876,196,000 after purchasing an additional 297,230 shares during the period. Institutional investors own 74.39% of the company’s stock.
Shares of Mastercard stock opened at $334.16 on Thursday. The company has a current ratio of 1.42, a quick ratio of 1.39 and a debt-to-equity ratio of 1.44. The business has a 50-day moving average price of $314.49 and a two-hundred day moving average price of $287.68. Mastercard Inc has a 1-year low of $215.93 and a 1-year high of $335.52. The company has a market cap of $333.21 billion, a P/E ratio of 42.09, a PEG ratio of 2.28 and a beta of 1.01.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, January 29th. The credit services provider reported $1.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.09. Mastercard had a return on equity of 150.46% and a net margin of 48.08%. The firm had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.40 billion. During the same period last year, the business posted $1.55 EPS. The business’s revenue was up 15.9% compared to the same quarter last year. Equities research analysts forecast that Mastercard Inc will post 9 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Thursday, April 9th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, April 8th. This represents a $1.60 dividend on an annualized basis and a yield of 0.48%. Mastercard’s payout ratio is currently 20.59%.
Mastercard announced that its Board of Directors has approved a stock buyback plan on Tuesday, December 3rd that permits the company to repurchase $8.00 billion in shares. This repurchase authorization permits the credit services provider to repurchase up to 2.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
MA has been the subject of a number of recent research reports. Guggenheim increased their price objective on Mastercard from $305.00 to $364.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Macquarie initiated coverage on Mastercard in a report on Tuesday, January 21st. They issued an “outperform” rating and a $365.00 price objective for the company. Cantor Fitzgerald increased their price objective on Mastercard from $315.00 to $359.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Morgan Stanley increased their price objective on Mastercard from $338.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Raymond James increased their price objective on Mastercard from $325.00 to $347.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $337.58.
In other news, insider Edward Grunde Mclaughlin sold 28,526 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $302.16, for a total value of $8,619,416.16. Following the completion of the sale, the insider now directly owns 43,215 shares in the company, valued at approximately $13,057,844.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 38,536 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $312.75, for a total value of $12,052,134.00. Following the completion of the sale, the insider now owns 111,833,391 shares of the company’s stock, valued at $34,975,893,035.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 430,024 shares of company stock valued at $137,189,140. Company insiders own 3.70% of the company’s stock.
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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