Mastercard Incorporated (MA) Position Held by GRATRY & Co LLC
GRATRY & Co LLC maintained its stake in shares of Mastercard Incorporated (NYSE:MA) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,995 shares of the credit services provider’s stock at the end of the second quarter. GRATRY & Co LLC’s holdings in Mastercard were worth $364,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of MA. Glassman Wealth Services raised its holdings in shares of Mastercard by 0.3% in the 1st quarter. Glassman Wealth Services now owns 1,769 shares of the credit services provider’s stock valued at $199,000 after acquiring an additional 6 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Mastercard by 1.3% in the 2nd quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock valued at $118,000 after acquiring an additional 12 shares in the last quarter. Berkshire Asset Management LLC PA raised its holdings in shares of Mastercard by 0.3% in the 2nd quarter. Berkshire Asset Management LLC PA now owns 6,448 shares of the credit services provider’s stock valued at $783,000 after acquiring an additional 18 shares in the last quarter. First Interstate Bank raised its holdings in shares of Mastercard by 1.4% in the 2nd quarter. First Interstate Bank now owns 1,643 shares of the credit services provider’s stock valued at $200,000 after acquiring an additional 23 shares in the last quarter. Finally, Lourd Capital LLC raised its holdings in shares of Mastercard by 0.5% in the 2nd quarter. Lourd Capital LLC now owns 5,423 shares of the credit services provider’s stock valued at $659,000 after acquiring an additional 26 shares in the last quarter. Institutional investors and hedge funds own 75.81% of the company’s stock.
Mastercard Incorporated (MA) traded up $2.29 on Thursday, reaching $147.42. The company had a trading volume of 3,751,900 shares, compared to its average volume of 3,219,893. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83. Mastercard Incorporated has a fifty-two week low of $102.62 and a fifty-two week high of $154.65. The company has a market cap of $153,643.63, a price-to-earnings ratio of 33.67, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.11. The firm had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period last year, the company earned $1.08 EPS. equities research analysts anticipate that Mastercard Incorporated will post 4.54 EPS for the current fiscal year.
Mastercard announced that its board has authorized a stock buyback plan on Monday, December 4th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the credit services provider to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 9th will be given a $0.25 dividend. This is a positive change from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Monday, January 8th. Mastercard’s dividend payout ratio (DPR) is currently 20.47%.
In other news, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total value of $712,550.00. Following the sale, the director now directly owns 45,278 shares in the company, valued at approximately $6,452,567.78. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Craig Vosburg sold 14,200 shares of Mastercard stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $141.86, for a total value of $2,014,412.00. Following the completion of the sale, the insider now owns 40,646 shares in the company, valued at $5,766,041.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,000 shares of company stock worth $3,582,984. Corporate insiders own 0.30% of the company’s stock.
A number of equities analysts recently weighed in on MA shares. Guggenheim raised Mastercard from a “neutral” rating to a “buy” rating and raised their price objective for the company from $135.00 to $153.00 in a report on Monday, September 11th. BidaskClub raised Mastercard from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Mizuho reissued a “hold” rating and set a $140.00 price objective on shares of Mastercard in a report on Thursday, October 12th. Barclays raised their price objective on Mastercard from $142.00 to $148.00 and gave the company an “overweight” rating in a report on Friday, September 8th. Finally, Buckingham Research started coverage on Mastercard in a report on Monday, October 2nd. They set a “buy” rating and a $163.00 price objective on the stock. 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 company. The company has an average rating of “Buy” and a consensus price target of $159.22.
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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