Candriam Luxembourg S.C.A. lifted its stake in shares of Mastercard Inc (NYSE:MA) by 3.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 96,885 shares of the credit services provider’s stock after buying an additional 2,916 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Mastercard were worth $14,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Temasek Holdings Private Ltd grew its holdings in Mastercard by 245.7% in the third quarter. Temasek Holdings Private Ltd now owns 923,068 shares of the credit services provider’s stock worth $130,337,000 after purchasing an additional 656,062 shares during the period. Royal Bank of Canada lifted its stake in shares of Mastercard by 1.2% in the second quarter. Royal Bank of Canada now owns 4,136,794 shares of the credit services provider’s stock worth $502,413,000 after buying an additional 50,050 shares in the last quarter. Intl Fcstone Inc. bought a new position in shares of Mastercard in the second quarter worth approximately $1,873,000. Toronto Dominion Bank lifted its stake in shares of Mastercard by 10.9% in the third quarter. Toronto Dominion Bank now owns 371,535 shares of the credit services provider’s stock worth $52,460,000 after buying an additional 36,578 shares in the last quarter. Finally, ING Groep NV lifted its stake in shares of Mastercard by 85.9% in the third quarter. ING Groep NV now owns 473,702 shares of the credit services provider’s stock worth $66,887,000 after buying an additional 218,915 shares in the last quarter. Institutional investors own 76.10% of the company’s stock.
Mastercard Inc (NYSE: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. Mastercard Inc has a 52-week low of $110.13 and a 52-week high of $183.52. The firm has a market cap of $191,920.00, a P/E ratio of 41.68, a price-to-earnings-growth ratio of 1.69 and a beta of 1.18.
Mastercard declared that its board has authorized a stock buyback program on Monday, December 4th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be given a $0.25 dividend. The ex-dividend date is Friday, April 6th. This represents a $1.00 annualized dividend and a yield of 0.55%. Mastercard’s payout ratio is presently 22.83%.
In other Mastercard news, Director David R. Carlucci sold 5,950 shares of the stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $183.10, for a total value of $1,089,445.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 17,167 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the completion of the transaction, the insider now owns 47,901 shares in the company, valued at $7,271,850.81. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.
Several brokerages have recently issued reports on MA. Vetr upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $182.50 target price on the stock in a research note on Thursday, March 1st. Tigress Financial reiterated a “buy” rating on shares of Mastercard in a research note on Thursday, February 8th. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $191.00 target price on the stock in a research note on Monday, February 5th. BMO Capital Markets upped their target price on shares of Mastercard to $206.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, Cantor Fitzgerald upped their target price on shares of Mastercard to $198.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $177.40.
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.
Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Inc (NYSE:MA).
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.