King Luther Capital Management Corp Has $4.51 Million Holdings in Mastercard (MA)

King Luther Capital Management Corp decreased its stake in Mastercard (NYSE:MA) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 29,794 shares of the credit services provider’s stock after selling 320 shares during the period. King Luther Capital Management Corp’s holdings in Mastercard were worth $4,510,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Community Bank N.A. raised its position in shares of Mastercard by 119.7% during the fourth quarter. Community Bank N.A. now owns 670 shares of the credit services provider’s stock worth $101,000 after purchasing an additional 365 shares during the period. Massey Quick Simon & CO. LLC acquired a new stake in shares of Mastercard during the third quarter worth about $102,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of Mastercard during the third quarter worth about $106,000. Trustcore Financial Services LLC acquired a new stake in shares of Mastercard during the fourth quarter worth about $120,000. Finally, Horan Capital Advisors LLC. acquired a new stake in shares of Mastercard during the third quarter worth about $131,000. 76.04% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research firms recently issued reports on MA. Barclays increased their price objective on Mastercard from $170.00 to $178.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Argus upgraded Mastercard from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a report on Friday, February 2nd. KeyCorp increased their price objective on Mastercard from $170.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded Mastercard from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Sanford C. Bernstein reiterated a “buy” rating and set a $180.00 price objective (up from $166.00) on shares of Mastercard in a report on Monday, December 11th. Two investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $177.40.

Mastercard (NYSE:MA) opened at $171.83 on Monday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.57 and a current ratio of 1.57. Mastercard has a one year low of $110.33 and a one year high of $183.73. The company has a market capitalization of $180,659.33, a P/E ratio of 47.08, a PEG ratio of 1.58 and a beta of 1.17.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, February 1st. The credit services provider reported $1.14 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the previous year, the company posted $0.86 EPS. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. research analysts anticipate that Mastercard will post 5.93 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Monday, April 9th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 6th. This represents a $1.00 annualized dividend and a dividend yield of 0.58%. Mastercard’s dividend payout ratio is currently 27.40%.

Mastercard announced that its board has authorized a stock buyback program 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 programs are generally an indication that the company’s management believes its stock is undervalued.

In other news, insider Edward Grunde Mclaughlin sold 17,167 shares of Mastercard stock in a transaction that occurred 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 transaction, the insider now directly owns 47,901 shares in the company, valued at approximately $7,271,850.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David R. Carlucci sold 5,950 shares of Mastercard stock in a transaction that occurred on 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. Insiders have sold a total of 53,745 shares of company stock valued at $9,222,084 over the last quarter. 0.30% of the stock is currently owned by corporate insiders.

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Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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