Bronfman E.L. Rothschild L.P. decreased its holdings in Mastercard Inc (NYSE:MA) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,258 shares of the credit services provider’s stock after selling 405 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Mastercard were worth $4,580,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Community Bank N.A. grew its stake in shares of Mastercard by 119.7% in the 4th quarter. Community Bank N.A. now owns 670 shares of the credit services provider’s stock valued at $101,000 after buying an additional 365 shares in the last quarter. Massey Quick Simon & CO. LLC bought a new stake in shares of Mastercard in the 3rd quarter valued at approximately $102,000. Wealthcare Advisory Partners LLC bought a new stake in shares of Mastercard in the 3rd quarter valued at approximately $106,000. Cerebellum GP LLC bought a new stake in shares of Mastercard in the 4th quarter valued at approximately $133,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in shares of Mastercard by 63.0% in the 4th quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 880 shares of the credit services provider’s stock valued at $133,000 after buying an additional 340 shares in the last quarter. Institutional investors own 76.10% of the company’s stock.
Mastercard Inc (MA) opened at $182.54 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market capitalization of $191,920.00, a price-to-earnings ratio of 41.68, a P/E/G ratio of 1.69 and a beta of 1.18. Mastercard Inc has a 12 month low of $110.13 and a 12 month high of $183.52.
Mastercard declared that its board has initiated a stock repurchase program on Monday, December 4th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the credit services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard’s payout ratio is 22.83%.
In related news, Director David R. Carlucci sold 5,950 shares of the company’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $183.10, for a total value of $1,089,445.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 17,167 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total value of $2,606,122.27. Following the completion of the transaction, the insider now owns 47,901 shares of the company’s stock, valued at $7,271,850.81. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.
MA has been the subject of a number of recent analyst reports. Vetr raised Mastercard from a “hold” rating to a “buy” rating and set a $157.45 target price for the company in a research report on Wednesday, November 29th. Sanford C. Bernstein reaffirmed a “buy” rating and set a $180.00 target price (up previously from $166.00) on shares of Mastercard in a research report on Monday, December 11th. Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a research report on Tuesday, January 2nd. Royal Bank of Canada cut Mastercard from a “top pick” rating to an “outperform” rating and set a $130.00 target price for the company. in a research report on Thursday, January 4th. Finally, Mizuho raised Mastercard from a “neutral” rating to a “buy” rating in a research report on Thursday, January 4th. Two equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. Mastercard presently has an average rating of “Buy” and an average price target of $177.40.
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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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