Eaton Vance Management raised its position in shares of Mastercard Incorporated (NYSE:MA) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 394,553 shares of the company’s stock after buying an additional 2,950 shares during the period. Eaton Vance Management’s holdings in Mastercard were worth $40,154,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company purchased a new stake in Mastercard during the third quarter worth approximately $405,125,000. Capital Research Global Investors boosted its stake in 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. Samlyn Capital LLC purchased a new stake in Mastercard during the third quarter worth approximately $119,438,000. Generation Investment Management LLP boosted its stake in Mastercard by 32.1% in the third quarter. Generation Investment Management LLP now owns 4,070,098 shares of the company’s stock worth $414,214,000 after buying an additional 989,825 shares during the last quarter. Finally, BlackRock Group LTD boosted its stake in Mastercard by 10.8% in the second quarter. BlackRock Group LTD now owns 10,031,237 shares of the company’s stock worth $883,352,000 after buying an additional 977,812 shares during the last quarter. Hedge funds and other institutional investors own 75.45% of the company’s stock.
Shares of Mastercard Incorporated (NYSE:MA) traded up 0.11% during trading on Wednesday, reaching $106.72. 2,993,641 shares of the company’s stock were exchanged. The stock has a market capitalization of $115.36 billion, a price-to-earnings ratio of 28.92 and a beta of 1.26. Mastercard Incorporated has a 52 week low of $79.98 and a 52 week high of $111.07. The stock has a 50 day moving average price of $107.03 and a 200-day moving average price of $102.22.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Tuesday, January 31st. The company reported $0.86 earnings per share for the quarter, topping the Zacks’ 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 had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.79 billion. During the same period in the prior year, the company posted $0.79 EPS. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. Analysts predict that Mastercard Incorporated will post $4.26 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 9th. Stockholders of record on Friday, April 7th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.82%. Mastercard’s dividend payout ratio (DPR) is presently 23.85%.
A number of research firms recently commented on MA. Barclays PLC reissued an “overweight” rating and set a $120.00 target price (up previously from $110.00) on shares of Mastercard in a research report on Friday, October 21st. Royal Bank Of Canada decreased their price target on shares of Mastercard from $130.00 to $125.00 and set a “top pick” rating for the company in a report on Wednesday, February 1st. Vetr cut shares of Mastercard from a “buy” rating to a “hold” rating and set a $106.63 price target for the company. in a report on Monday, December 5th. Zacks Investment Research cut shares of Mastercard from a “buy” rating to a “hold” rating in a report on Monday, December 12th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $124.00 price target (up previously from $120.00) on shares of Mastercard in a report on Monday, October 31st. Five investment analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $115.19.
In related news, major shareholder Foundation Mastercard sold 205,035 shares of the stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $106.07, for a total value of $21,748,062.45. Following the sale, the insider now directly owns 113,244,302 shares of the company’s stock, valued at approximately $12,011,823,113.14. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Ann Cairns sold 58,420 shares of the stock in a transaction dated Tuesday, January 24th. The shares were sold at an average price of $110.00, for a total transaction of $6,426,200.00. Following the completion of the sale, the insider now directly owns 90,511 shares in the company, valued at $9,956,210. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,290,704 shares of company stock worth $138,810,649. Corporate insiders own 3.14% of the company’s stock.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.
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