Financial Advisors Network Inc. increased its position in Mastercard Inc (NYSE:MA) by 19.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,598 shares of the credit services provider’s stock after purchasing an additional 582 shares during the quarter. Financial Advisors Network Inc.’s holdings in Mastercard were worth $545,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MA. Janus Henderson Group PLC raised its stake in Mastercard by 784.3% during 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 buying an additional 14,962,583 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Mastercard by 289.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,570,551 shares of the credit services provider’s stock worth $433,643,000 after purchasing an additional 2,654,308 shares in the last quarter. Harding Loevner LP increased its holdings in shares of Mastercard by 170.7% in the 3rd quarter. Harding Loevner LP now owns 3,447,079 shares of the credit services provider’s stock worth $194,599,000 after purchasing an additional 2,173,507 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of Mastercard by 15.8% in the 2nd quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock worth $1,540,665,000 after purchasing an additional 1,729,179 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Mastercard by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock worth $7,930,357,000 after purchasing an additional 1,490,267 shares in the last quarter. Institutional investors own 76.10% of the company’s stock.
Mastercard Inc (NYSE:MA) opened at $182.54 on Tuesday. Mastercard Inc has a 52-week low of $110.13 and a 52-week high of $183.52. The company has a market capitalization of $192,655.61, a PE ratio of 50.01, a PEG ratio of 1.69 and a beta of 1.17. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.57 and a quick ratio of 1.57.
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. The ex-dividend date of this dividend is Friday, April 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard’s dividend payout ratio is currently 27.40%.
Mastercard announced that its board has approved a share repurchase program 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 repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
MA has been the subject of a number of research analyst reports. Zacks Investment Research lowered Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Mizuho raised Mastercard from a “neutral” rating to a “buy” rating in a report on Thursday, January 4th. 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 report on Thursday, January 4th. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $180.00 price objective (up previously from $166.00) on shares of Mastercard in a report on Monday, December 11th. Finally, Vetr lowered Mastercard from a “buy” rating to a “hold” rating and set a $158.61 price objective for the company. in a report on Monday, December 18th. Two investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $177.40.
In related news, insider Edward Grunde Mclaughlin sold 17,167 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 47,901 shares in the company, valued at $7,271,850.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David R. Carlucci sold 5,950 shares of the business’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $183.10, for a total value of $1,089,445.00. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.
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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