Mastercard Inc (MA) Stake Cut by Leuthold Group LLC

Leuthold Group LLC reduced its stake in Mastercard Inc (NYSE:MA) by 8.5% during the fourth quarter, Holdings Channel reports. The firm owned 76,085 shares of the company’s stock after selling 7,027 shares during the period. Mastercard makes up 0.9% of Leuthold Group LLC’s holdings, making the stock its 24th largest position. Leuthold Group LLC’s holdings in Mastercard were worth $7,856,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake 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 during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Mastercard during the third quarter worth approximately $405,125,000. Capital Research Global Investors raised its stake 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 during the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Mastercard during the fourth quarter worth approximately $221,469,000. Finally, Asset Management One Co. Ltd. raised its stake 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 during the last quarter. 75.53% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Mastercard Inc (NYSE:MA) opened at 111.98 on Monday. Mastercard Inc has a 52 week low of $86.65 and a 52 week high of $113.50. The stock has a 50 day moving average price of $110.21 and a 200-day moving average price of $105.48. The stock has a market cap of $120.71 billion, a P/E ratio of 30.35 and a beta of 1.26.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, January 31st. The company reported $0.86 EPS for the quarter, topping the Thomson Reuters’ 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 business earned $2.76 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same period last year, the business posted $0.79 earnings per share. Mastercard’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, equities analysts anticipate that Mastercard Inc will post $4.26 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 9th. Shareholders of record on Friday, April 7th will be issued a $0.22 dividend. The ex-dividend date is Wednesday, April 5th. This represents a $0.88 annualized dividend and a yield of 0.79%. Mastercard’s dividend payout ratio (DPR) is presently 23.85%.

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A number of analysts recently commented on the company. Jefferies Group LLC set a $123.00 target price on Mastercard and gave the company a “buy” rating in a research report on Saturday. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $123.00 target price on shares of Mastercard in a research report on Saturday, March 11th. Cowen and Company reaffirmed an “outperform” rating and issued a $122.00 target price on shares of Mastercard in a research report on Monday, March 6th. Vetr lowered Mastercard from a “strong-buy” rating to a “buy” rating and set a $121.89 target price for the company. in a research report on Tuesday, February 14th. Finally, Loop Capital assumed coverage on Mastercard in a research report on Tuesday, February 14th. They issued a “buy” rating and a $119.00 target price for the company. Five 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 currently has a consensus rating of “Buy” and a consensus price target of $116.27.

In other Mastercard news, insider Michael Fraccaro sold 763 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $112.35, for a total value of $85,723.05. Following the completion of the sale, the insider now directly owns 4,791 shares in the company, valued at $538,268.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Reeg sold 6,487 shares of the firm’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $105.17, for a total transaction of $682,237.79. Following the completion of the sale, the insider now owns 41,014 shares of the company’s stock, valued at $4,313,442.38. The disclosure for this sale can be found here. Insiders sold 1,439,520 shares of company stock valued at $155,339,186 over the last 90 days. 3.14% of the stock is currently owned by company insiders.

About Mastercard

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.

5 Day Chart for NYSE:MA

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