Capital One National Association decreased its holdings in Mastercard Inc (NYSE:MA) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,840 shares of the credit services provider’s stock after selling 372 shares during the quarter. Capital One National Association’s holdings in Mastercard were worth $1,489,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Temasek Holdings Private Ltd lifted its holdings in shares of Mastercard by 245.7% in the third quarter. Temasek Holdings Private Ltd now owns 923,068 shares of the credit services provider’s stock valued at $130,337,000 after buying an additional 656,062 shares during the period. Royal Bank of Canada lifted its holdings in shares of Mastercard by 1.2% during the second quarter. Royal Bank of Canada now owns 4,136,794 shares of the credit services provider’s stock valued at $502,413,000 after purchasing an additional 50,050 shares during the last quarter. Intl Fcstone Inc. purchased a new stake in shares of Mastercard during the second quarter valued at $1,873,000. Toronto Dominion Bank lifted its holdings in shares of Mastercard by 10.9% during the third quarter. Toronto Dominion Bank now owns 371,535 shares of the credit services provider’s stock valued at $52,460,000 after purchasing an additional 36,578 shares during the last quarter. Finally, ING Groep NV lifted its holdings in shares of Mastercard by 85.9% during the third quarter. ING Groep NV now owns 473,702 shares of the credit services provider’s stock valued at $66,887,000 after purchasing an additional 218,915 shares during the last quarter. Institutional investors and hedge funds 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 capitalization of $191,920.00, a PE ratio of 41.68, a price-to-earnings-growth ratio of 1.69 and a beta of 1.18.
The company also recently announced 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. This represents a $1.00 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Friday, April 6th. Mastercard’s payout ratio is currently 22.83%.
Mastercard declared that its Board of Directors has approved a share buyback plan on Monday, December 4th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.
Several equities research analysts have recently commented on MA shares. Vetr raised Mastercard from a “hold” rating to a “buy” rating and set a $157.45 target price for the company in a report on Wednesday, November 29th. Sanford C. Bernstein reaffirmed a “buy” rating and set a $180.00 target price (up from $166.00) on shares of Mastercard in a 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 report on Tuesday, January 2nd. Royal Bank of Canada downgraded Mastercard from a “top pick” rating to an “outperform” rating and set a $130.00 target price for the company. in a report on Thursday, January 4th. Finally, Mizuho raised Mastercard from a “neutral” rating to a “buy” rating in a report on Thursday, January 4th. Two analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. Mastercard presently has a consensus rating of “Buy” and a consensus target price of $177.40.
In other Mastercard news, Director David R. Carlucci sold 5,950 shares of the company’s stock in a transaction dated 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 SEC, which is available through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 17,167 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was 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 directly owns 47,901 shares in the company, 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.
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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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