Robecosam AG Has $10.10 Million Position in Mastercard Incorporated (MA)
Robecosam AG increased its position in shares of Mastercard Incorporated (NYSE:MA) by 15.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,149 shares of the credit services provider’s stock after acquiring an additional 10,899 shares during the period. Robecosam AG’s holdings in Mastercard were worth $10,103,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Boys Arnold & Co. Inc. boosted its position in Mastercard by 7.8% in the second quarter. Boys Arnold & Co. Inc. now owns 5,006 shares of the credit services provider’s stock valued at $608,000 after buying an additional 363 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in Mastercard in the second quarter valued at approximately $2,351,000. Baldwin Investment Management LLC boosted its position in Mastercard by 5.9% in the second quarter. Baldwin Investment Management LLC now owns 3,600 shares of the credit services provider’s stock valued at $437,000 after buying an additional 200 shares in the last quarter. Personal Capital Advisors Corp boosted its position in Mastercard by 3.3% in the second quarter. Personal Capital Advisors Corp now owns 270,438 shares of the credit services provider’s stock valued at $32,845,000 after buying an additional 8,670 shares in the last quarter. Finally, IBM Retirement Fund boosted its position in Mastercard by 68.8% in the second quarter. IBM Retirement Fund now owns 23,051 shares of the credit services provider’s stock valued at $3,128,000 after buying an additional 9,397 shares in the last quarter. Institutional investors and hedge funds own 75.81% of the company’s stock.
In related news, insider Craig Vosburg sold 14,200 shares of Mastercard stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the completion of the transaction, the insider now owns 40,646 shares of the company’s stock, valued at $5,766,041.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Fraccaro sold 5,800 shares of Mastercard stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total transaction of $856,022.00. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock valued at $3,582,984 in the last three months. 0.30% of the stock is owned by insiders.
A number of brokerages have weighed in on MA. Piper Jaffray Companies restated an “overweight” rating and issued a $150.00 target price (up previously from $143.00) on shares of Mastercard in a research report on Friday, September 8th. Vetr upgraded shares of Mastercard from a “buy” rating to a “strong-buy” rating and set a $161.72 target price on the stock in a research report on Tuesday. Cowen restated a “buy” rating and issued a $137.00 target price on shares of Mastercard in a research report on Thursday, October 12th. Bank of America raised their target price on shares of Mastercard from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Finally, Zacks Investment Research lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Two investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $159.22.
Mastercard Incorporated (MA) traded up $1.70 during mid-day trading on Wednesday, hitting $145.13. 6,806,700 shares of the stock traded hands, compared to its average volume of 3,217,618. The company has a market capitalization of $151,843.88, a P/E ratio of 33.28, a P/E/G ratio of 1.91 and a beta of 1.20. Mastercard Incorporated has a 12-month low of $101.80 and a 12-month high of $154.65. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66.
Mastercard (NYSE:MA) last announced its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The business had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter last year, the firm earned $1.08 earnings per share. Mastercard’s quarterly revenue was up 18.1% on a year-over-year basis. sell-side analysts expect that Mastercard Incorporated will post 4.54 earnings per share for the current year.
Mastercard declared that its Board of Directors has authorized a share repurchase 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 buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Tuesday, January 9th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Monday, January 8th. This is an increase from Mastercard’s previous quarterly dividend of $0.22. Mastercard’s dividend payout ratio (DPR) is currently 20.47%.
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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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