B & T Capital Management DBA Alpha Capital Management decreased its position in shares of Mastercard Inc (NYSE:MA) by 47.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,898 shares of the company’s stock after selling 9,896 shares during the period. B & T Capital Management DBA Alpha Capital Management’s holdings in Mastercard were worth $1,125,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of MA. Price T Rowe Associates Inc. MD boosted its position in shares of Mastercard by 10.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 43,801,206 shares of the company’s stock worth $4,457,649,000 after buying an additional 4,111,803 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Mastercard during the third quarter worth about $405,125,000. Capital Research Global Investors boosted its position in shares of Mastercard by 61.0% in the third quarter. Capital Research Global Investors now owns 7,013,658 shares of the company’s stock worth $713,780,000 after buying an additional 2,656,656 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Mastercard during the fourth quarter worth about $221,469,000. Finally, Asset Management One Co. Ltd. boosted its position in shares of Mastercard by 953.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,790,694 shares of the company’s stock worth $184,957,000 after buying an additional 1,620,638 shares in the last quarter. Hedge funds and other institutional investors own 75.53% of the company’s stock.
Shares of Mastercard Inc (NYSE:MA) opened at 112.41 on Tuesday. The company has a market capitalization of $121.17 billion, a price-to-earnings ratio of 30.46 and a beta of 1.26. The firm’s 50-day moving average is $109.57 and its 200 day moving average is $105.02. Mastercard Inc has a 52-week low of $86.65 and a 52-week high of $113.50.
Mastercard (NYSE:MA) last released its quarterly earnings results on Tuesday, January 31st. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.01. Mastercard had a net margin of 37.67% and a return on equity of 71.09%. The firm earned $2.76 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same quarter last year, the business earned $0.79 EPS. The company’s revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts anticipate that Mastercard Inc will post $4.26 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 9th. Shareholders of record on Friday, April 7th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $0.88 annualized dividend and a yield of 0.78%. Mastercard’s payout ratio is 23.85%.
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MA has been the subject of a number of analyst reports. Vetr cut shares of Mastercard from a “strong-buy” rating to a “buy” rating and set a $121.89 price objective for the company. in a report on Tuesday, February 14th. Wedbush initiated coverage on shares of Mastercard in a report on Friday, January 20th. They set an “outperform” rating and a $126.00 price objective for the company. Loop Capital initiated coverage on shares of Mastercard in a report on Tuesday, February 14th. They set a “buy” rating and a $119.00 price objective for the company. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a report on Thursday, November 24th. Finally, Royal Bank of Canada reduced their price target on shares of Mastercard from $130.00 to $125.00 and set a “top pick” rating for the company in a report on Wednesday, February 1st. Five equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $115.77.
In other news, major shareholder Foundation Mastercard sold 205,035 shares of the firm’s stock in a transaction that occurred on Thursday, January 19th. The shares were sold at an average price of $108.66, for a total transaction of $22,279,103.10. Following the completion of the sale, the insider now owns 114,064,442 shares of the company’s stock, valued at approximately $12,394,242,267.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael Fraccaro sold 763 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $112.35, for a total transaction of $85,723.05. Following the sale, the insider now directly owns 4,791 shares of the company’s stock, valued at approximately $538,268.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,439,520 shares of company stock valued at $155,339,186. Company insiders own 3.14% of the company’s stock.
Mastercard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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