Mastercard Incorporated (MA) Stake Lowered by Dupont Capital Management Corp
Dupont Capital Management Corp lowered its position in Mastercard Incorporated (NYSE:MA) by 27.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,969 shares of the credit services provider’s stock after selling 9,336 shares during the quarter. Dupont Capital Management Corp’s holdings in Mastercard were worth $3,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of MA. Chicago Partners Investment Group LLC boosted its stake in Mastercard by 1,365.6% in the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after buying an additional 874 shares in the last quarter. Thompson Davis & CO. Inc. boosted its stake in Mastercard by 170.1% in the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after buying an additional 546 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in Mastercard by 1.3% in the second quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock worth $118,000 after buying an additional 12 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Mastercard during the second quarter valued at approximately $121,000. Finally, Acrospire Investment Management LLC purchased a new stake in shares of Mastercard during the second quarter valued at approximately $121,000. 75.57% of the stock is owned by institutional investors and hedge funds.
Mastercard Incorporated (NYSE MA) opened at $150.85 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market capitalization of $160,040.00, a P/E ratio of 35.16, a P/E/G ratio of 2.01 and a beta of 1.21. Mastercard Incorporated has a twelve month low of $102.98 and a twelve month high of $154.65.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Tuesday, January 9th will be issued a $0.25 dividend. This is an increase from Mastercard’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, January 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.66%. Mastercard’s dividend payout ratio is 20.51%.
Mastercard declared that its board has initiated a share repurchase program on Monday, December 4th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the credit services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
A number of analysts have recently weighed in on MA shares. Instinet reissued a “buy” rating and set a $163.00 price objective (up previously from $153.00) on shares of Mastercard in a research note on Saturday, September 9th. KeyCorp reissued a “buy” rating and set a $165.00 price objective on shares of Mastercard in a research note on Wednesday, October 18th. BMO Capital Markets reissued an “outperform” rating and set a $174.00 price objective (up previously from $157.00) on shares of Mastercard in a research note on Wednesday, November 1st. Piper Jaffray Companies reissued a “buy” rating and set a $161.00 price objective on shares of Mastercard in a research note on Friday, October 13th. Finally, Vetr raised Mastercard from a “buy” rating to a “strong-buy” rating and set a $161.72 price objective for the company in a research note on Tuesday, December 5th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $159.59.
In other Mastercard news, Director Richard Haythornthwaite sold 5,000 shares of the stock in a transaction 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 completion of the transaction, the director now owns 45,278 shares in the company, valued at $6,452,567.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael Fraccaro sold 5,800 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total value of $856,022.00. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.
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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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