International Value Advisers LLC lessened its stake in shares of Mastercard (NYSE:MA) by 6.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,497,912 shares of the credit services provider’s stock after selling 99,075 shares during the period. Mastercard accounts for approximately 6.5% of International Value Advisers LLC’s investment portfolio, making the stock its 4th biggest position. International Value Advisers LLC’s holdings in Mastercard were worth $226,724,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Community Bank N.A. raised its position in shares of Mastercard by 119.7% during the 4th 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 last quarter. Massey Quick Simon & CO. LLC acquired a new position in shares of Mastercard during the 3rd quarter worth about $102,000. Financial Gravity Companies Inc. acquired a new position in shares of Mastercard during the 4th quarter worth about $123,000. Wealthcare Advisory Partners LLC purchased a new stake in Mastercard during the 3rd quarter valued at about $106,000. Finally, Trustcore Financial Services LLC purchased a new stake in Mastercard during the 4th quarter valued at about $120,000. Hedge funds and other institutional investors own 76.09% of the company’s stock.
NYSE:MA opened at $169.70 on Friday. 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 has a market cap of $184,833.31, a P/E ratio of 37.05, a P/E/G ratio of 1.61 and a beta of 1.16. Mastercard has a fifty-two week low of $111.01 and a fifty-two week high of $183.73.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be given a dividend of $0.25 per share. 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 0.59%. Mastercard’s payout ratio is currently 21.83%.
Several analysts recently issued reports on MA shares. Vetr raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $182.50 price objective for the company in a research note on Wednesday, February 21st. Royal Bank of Canada cut shares of 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. Guggenheim reaffirmed a “buy” rating and set a $201.00 price objective on shares of Mastercard in a research note on Friday, February 2nd. Piper Jaffray upped their price objective on shares of Mastercard from $208.00 to $212.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $164.00 price objective on shares of Mastercard in a research note on Monday, January 8th. Two analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $179.52.
In related news, Director David R. Carlucci sold 5,950 shares of the stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $183.10, for a total transaction of $1,089,445.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Timothy H. Murphy sold 30,628 shares of the stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $180.44, for a total transaction of $5,526,516.32. Following the transaction, the general counsel now directly owns 59,907 shares of the company’s stock, valued at approximately $10,809,619.08. The disclosure for this sale can be found here. Insiders have sold a total of 41,578 shares of company stock valued at $7,482,061 in the last ninety days. 0.30% of the stock is currently owned by corporate insiders.
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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