Martingale Asset Management L P Decreases Holdings in Mastercard Inc (MA)

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Martingale Asset Management L P lowered its position in Mastercard Inc (NYSE:MA) by 28.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 194,937 shares of the credit services provider’s stock after selling 78,161 shares during the period. Martingale Asset Management L P’s holdings in Mastercard were worth $36,776,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. State of Tennessee Treasury Department raised its holdings in shares of Mastercard by 24.0% during the 4th quarter. State of Tennessee Treasury Department now owns 393,552 shares of the credit services provider’s stock worth $74,243,000 after acquiring an additional 76,120 shares during the period. Capital Management Associates NY increased its position in shares of Mastercard by 69.1% during the 4th quarter. Capital Management Associates NY now owns 4,000 shares of the credit services provider’s stock worth $755,000 after purchasing an additional 1,635 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Mastercard by 6.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 244,354 shares of the credit services provider’s stock worth $46,107,000 after purchasing an additional 14,608 shares during the last quarter. Ontario Teachers Pension Plan Board increased its position in shares of Mastercard by 9.8% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 426,134 shares of the credit services provider’s stock worth $80,390,000 after purchasing an additional 38,201 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Mastercard by 2.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 147,011 shares of the credit services provider’s stock worth $27,733,000 after purchasing an additional 3,682 shares during the last quarter. Institutional investors and hedge funds own 74.53% of the company’s stock.

In other news, General Counsel Timothy H. Murphy sold 60,428 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $230.31, for a total transaction of $13,917,172.68. Following the completion of the transaction, the general counsel now directly owns 46,331 shares of the company’s stock, valued at $10,670,492.61. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Edward Grunde Mclaughlin sold 20,269 shares of the business’s stock in a transaction dated Tuesday, January 22nd. The stock was sold at an average price of $199.53, for a total value of $4,044,273.57. Following the transaction, the insider now directly owns 37,374 shares of the company’s stock, valued at $7,457,234.22. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.

MA has been the subject of a number of recent analyst reports. Barclays reissued a “buy” rating on shares of Mastercard in a research report on Sunday, February 3rd. Zacks Investment Research downgraded Mastercard from a “buy” rating to a “hold” rating in a research report on Friday, December 7th. Credit Suisse Group reissued a “buy” rating and set a $217.00 price objective on shares of Mastercard in a research report on Monday, January 7th. Wedbush raised their price objective on Mastercard from $220.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, March 14th. Finally, Edward Jones raised Mastercard from a “hold” rating to a “buy” rating in a research report on Wednesday, December 26th. Three investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $226.80.

NYSE MA opened at $235.87 on Friday. The stock has a market capitalization of $241.98 billion, a price-to-earnings ratio of 36.34, a PEG ratio of 1.83 and a beta of 1.14. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.39 and a quick ratio of 1.39. Mastercard Inc has a 1-year low of $167.94 and a 1-year high of $237.08.

Mastercard (NYSE:MA) last released its earnings results on Thursday, January 31st. The credit services provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.03. The company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.79 billion. Mastercard had a return on equity of 122.25% and a net margin of 39.19%. On average, sell-side analysts forecast that Mastercard Inc will post 7.55 earnings per share for the current fiscal year.

Mastercard declared that its Board of Directors has approved a share buyback program on Tuesday, December 4th that authorizes the company to buyback $6.50 billion in shares. This buyback authorization authorizes the credit services provider to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio is currently 20.34%.

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Mastercard Company 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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