Reynders McVeigh Capital Management LLC lowered its holdings in shares of Mastercard Inc (NYSE:MA) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 203,027 shares of the credit services provider’s stock after selling 9,649 shares during the quarter. Mastercard makes up 4.0% of Reynders McVeigh Capital Management LLC’s portfolio, making the stock its 3rd biggest holding. Reynders McVeigh Capital Management LLC’s holdings in Mastercard were worth $30,730,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in MA. Massey Quick Simon & CO. LLC purchased a new position in Mastercard during the 3rd quarter valued at approximately $102,000. Wealthcare Advisory Partners LLC purchased a new position in Mastercard during the 3rd quarter valued at approximately $106,000. Thompson Davis & CO. Inc. grew its holdings in Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after buying an additional 546 shares in the last quarter. Cerebellum GP LLC purchased a new position in Mastercard during the 4th quarter valued at approximately $133,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. lifted 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 purchasing an additional 340 shares during the last quarter. Hedge funds and other institutional investors own 75.22% of the company’s stock.
Shares of Mastercard Inc (NYSE:MA) opened at $177.53 on Wednesday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $187,703.59, a P/E ratio of 38.90, a P/E/G ratio of 1.66 and a beta of 1.17. Mastercard Inc has a one year low of $110.13 and a one year high of $180.09.
Mastercard (NYSE:MA) last issued its earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.02. The business had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.25 billion. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. Mastercard’s revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 EPS. analysts anticipate that Mastercard Inc will post 5.88 earnings per share for the current fiscal year.
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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Friday, April 6th. Mastercard’s dividend payout ratio (DPR) is presently 27.40%.
Mastercard announced that its Board of Directors has authorized a share buyback plan on Monday, December 4th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the credit services provider to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.
Several equities research analysts have recently issued reports on MA shares. Zacks Investment Research lowered Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Vetr raised Mastercard from a “hold” rating to a “buy” rating and set a $157.45 price objective for the company in a research note on Wednesday, November 29th. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $180.00 price objective (up from $166.00) on shares of Mastercard in a research note on Monday, December 11th. Royal Bank of Canada lowered Mastercard from a “top pick” rating to an “outperform” rating and set a $130.00 price objective for the company. in a research note on Thursday, January 4th. Finally, Mizuho raised Mastercard from a “neutral” rating to a “buy” rating in a research note 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 company. The stock currently has an average rating of “Buy” and a consensus target price of $177.40.
In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of Mastercard stock in a transaction 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 sale, the insider now directly owns 47,901 shares of the company’s stock, valued at approximately $7,271,850.81. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.30% of the company’s stock.
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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