BB&T Corp lifted its position in shares of Mastercard Inc (NYSE:MA) by 852.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,581 shares of the credit services provider’s stock after acquiring an additional 22,001 shares during the quarter. BB&T Corp’s holdings in Mastercard were worth $3,720,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in MA. Janus Henderson Group PLC grew its stake in Mastercard by 784.3% in the second quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock valued at $2,048,899,000 after acquiring an additional 14,962,583 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Mastercard by 289.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,570,551 shares of the credit services provider’s stock valued at $433,643,000 after acquiring an additional 2,654,308 shares during the period. Harding Loevner LP boosted its position in shares of Mastercard by 170.7% during the third quarter. Harding Loevner LP now owns 3,447,079 shares of the credit services provider’s stock worth $194,599,000 after buying an additional 2,173,507 shares during the period. Capital Research Global Investors boosted its position in shares of Mastercard by 15.8% during the second quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock worth $1,540,665,000 after buying an additional 1,729,179 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Mastercard by 2.3% during the second quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock worth $7,930,357,000 after buying an additional 1,490,267 shares during the period. Institutional investors own 75.22% of the company’s stock.
In other news, insider Edward Grunde Mclaughlin sold 17,167 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now owns 47,901 shares of the company’s stock, valued at $7,271,850.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is currently owned by corporate insiders.
Mastercard Inc (MA) traded down $0.30 during trading hours on Wednesday, reaching $177.23. The company’s stock had a trading volume of 253,711 shares, compared to its average volume of 4,057,498. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $187,703.59, a price-to-earnings ratio of 48.56, a price-to-earnings-growth ratio of 1.66 and a beta of 1.17. Mastercard Inc has a 12-month low of $110.13 and a 12-month high of $180.09.
Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, February 1st. The credit services provider reported $1.14 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the prior year, the company earned $0.86 earnings per share. The business’s revenue for the quarter was up 20.2% compared to the same quarter last year. equities research analysts forecast that Mastercard Inc will post 5.88 earnings per share for the current fiscal year.
Mastercard declared that its board has approved a stock repurchase 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 usually a sign that the company’s management believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Monday, April 9th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Friday, April 6th. Mastercard’s payout ratio is 27.40%.
MA has been the subject of several recent research reports. Credit Suisse Group reaffirmed a “hold” rating and set a $164.00 price objective on shares of Mastercard in a research report on Monday, January 8th. Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $170.00 price objective for the company in a research report on Tuesday, January 2nd. Morgan Stanley upped their price objective on Mastercard from $178.00 to $192.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Vetr upgraded Mastercard from a “hold” rating to a “buy” rating and set a $157.45 target price on the stock in a report on Wednesday, November 29th. Finally, Barclays reiterated a “buy” rating and set a $170.00 target price on shares of Mastercard in a report on Friday, January 5th. Two analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $177.40.
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.