Egerton Capital UK LLP decreased its position in Mastercard Inc (NYSE:MA) by 41.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,125,921 shares of the credit services provider’s stock after selling 1,494,727 shares during the period. Mastercard accounts for 2.8% of Egerton Capital UK LLP’s portfolio, making the stock its 16th largest position. Egerton Capital UK LLP owned 0.20% of Mastercard worth $321,779,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Temasek Holdings Private Ltd boosted 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 valued at $130,337,000 after acquiring an additional 656,062 shares during the last quarter. Royal Bank of Canada boosted its holdings in 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 worth $502,413,000 after buying an additional 50,050 shares during the last quarter. Intl Fcstone Inc. bought a new position in Mastercard during the second quarter worth about $1,873,000. Toronto Dominion Bank boosted its holdings in Mastercard by 10.9% during 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 during the last quarter. Finally, ING Groep NV boosted its holdings in Mastercard by 85.9% during 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 during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.
In related news, Director David R. Carlucci sold 5,950 shares of Mastercard stock in a transaction that occurred 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 SEC, which is available at this link. Also, insider Edward Grunde Mclaughlin sold 17,167 shares of Mastercard stock in a transaction that occurred 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 sale, the insider now directly owns 47,901 shares in the company, valued at approximately $7,271,850.81. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.
Shares of Mastercard Inc (NYSE MA) opened at $181.01 on Wednesday. Mastercard Inc has a 1 year low of $110.13 and a 1 year high of $183.73. The stock has a market capitalization of $190,310.00, a P/E ratio of 41.33, a P/E/G ratio of 1.69 and a beta of 1.18. 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 (NYSE:MA) last announced its earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.02. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. The business had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter last year, the firm earned $0.86 EPS. Mastercard’s revenue for the quarter was up 20.2% compared to the same quarter last year. equities analysts expect that Mastercard Inc will post 5.92 earnings per share for the current year.
Mastercard announced that its Board of Directors has initiated a share buyback plan on Monday, December 4th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are 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 given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Friday, April 6th. Mastercard’s dividend payout ratio is presently 22.83%.
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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