Sather Financial Group Inc increased its position in shares of Mastercard Inc (NYSE:MA) by 0.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,424 shares of the company’s stock after buying an additional 75 shares during the period. Mastercard comprises approximately 2.1% of Sather Financial Group Inc’s portfolio, making the stock its 23rd largest position. Sather Financial Group Inc’s holdings in Mastercard were worth $6,136,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its stake in Mastercard by 10.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 43,801,206 shares of the company’s stock worth $4,457,649,000 after buying an additional 4,111,803 shares during the period. State Street Corp increased its stake in Mastercard by 2.5% in the fourth quarter. State Street Corp now owns 37,314,309 shares of the company’s stock worth $3,852,705,000 after buying an additional 915,479 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in Mastercard by 1.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 26,444,226 shares of the company’s stock worth $2,691,229,000 after buying an additional 261,452 shares during the period. Bank of New York Mellon Corp increased its stake in Mastercard by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 17,539,994 shares of the company’s stock worth $1,785,045,000 after buying an additional 137,213 shares during the period. Finally, Morgan Stanley increased its stake in Mastercard by 1.1% in the third quarter. Morgan Stanley now owns 16,332,370 shares of the company’s stock worth $1,662,145,000 after buying an additional 180,787 shares during the period. Institutional investors own 75.53% of the company’s stock.
Shares of Mastercard Inc (NYSE:MA) opened at 111.98 on Friday. Mastercard Inc has a 52-week low of $86.65 and a 52-week high of $113.50. The firm has a 50-day moving average of $110.21 and a 200 day moving average of $105.48. The stock has a market capitalization of $120.71 billion, a PE ratio of 30.35 and a beta of 1.26.
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 Thomson Reuters’ consensus estimate of $0.85 by $0.01. The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.79 billion. Mastercard had a net margin of 37.67% and a return on equity of 71.09%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the firm posted $0.79 earnings per share. Equities research analysts forecast that Mastercard Inc will post $4.26 EPS for the current fiscal year.
The firm 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 $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Wednesday, April 5th. Mastercard’s dividend payout ratio is currently 23.85%.
A number of research firms have recently weighed in on MA. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $116.00 target price on the stock in a report on Wednesday, December 7th. Vetr upgraded shares of Mastercard from a “buy” rating to a “strong-buy” rating and set a $123.04 target price on the stock in a report on Monday, January 30th. Royal Bank of Canada upgraded shares of Mastercard from an “outperform” rating to a “top pick” rating and boosted their target price for the stock from $115.00 to $130.00 in a report on Thursday, January 5th. Loop Capital began coverage on shares of Mastercard in a report on Tuesday, February 14th. They issued a “buy” rating and a $119.00 target price on the stock. Finally, Barclays PLC restated an “overweight” rating and issued a $125.00 target price on shares of Mastercard in a report on Monday, January 30th. Five analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $115.77.
In other news, insider Michael Fraccaro sold 763 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $112.35, for a total value of $85,723.05. Following the transaction, the insider now directly owns 4,791 shares of the company’s stock, valued at $538,268.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert Reeg sold 6,487 shares of the firm’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $105.17, for a total transaction of $682,237.79. Following the completion of the transaction, the insider now directly owns 41,014 shares in the company, valued at $4,313,442.38. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,439,520 shares of company stock worth $155,339,186. 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, 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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