Blue Granite Capital LLC Increases Holdings in Mastercard Incorporated (MA)
Blue Granite Capital LLC raised its stake in Mastercard Incorporated (NYSE:MA) by 67.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,446 shares of the credit services provider’s stock after acquiring an additional 3,401 shares during the period. Blue Granite Capital LLC’s holdings in Mastercard were worth $1,194,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Mastercard by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock valued at $7,930,357,000 after acquiring an additional 1,490,267 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Mastercard by 784.3% in the 2nd quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock worth $2,048,899,000 after buying an additional 14,962,583 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of Mastercard by 15.8% in the 2nd quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock worth $1,540,665,000 after buying an additional 1,729,179 shares during the last quarter. Capital World Investors increased its holdings in shares of Mastercard by 2.3% in the 2nd quarter. Capital World Investors now owns 12,675,652 shares of the credit services provider’s stock worth $1,539,458,000 after buying an additional 289,488 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its holdings in shares of Mastercard by 6.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 6,174,892 shares of the credit services provider’s stock worth $749,941,000 after buying an additional 347,768 shares during the last quarter. Institutional investors own 75.57% of the company’s stock.
A number of research firms have recently weighed in on MA. Vetr downgraded shares of Mastercard from a “buy” rating to a “hold” rating and set a $158.61 target price on the stock. in a report on Monday, December 18th. Sanford C. Bernstein restated a “buy” rating and issued a $180.00 target price (up from $166.00) on shares of Mastercard in a report on Monday, December 11th. Zacks Investment Research downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Bank of America boosted their target price on shares of Mastercard from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Mastercard from $152.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Mastercard has a consensus rating of “Buy” and an average price target of $159.59.
Mastercard Incorporated (NYSE:MA) opened at $151.28 on Wednesday. Mastercard Incorporated has a 52 week low of $102.98 and a 52 week high of $154.65. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83. The company has a market cap of $159,700.00, a PE ratio of 35.26, a P/E/G ratio of 2.01 and a beta of 1.21.
Mastercard (NYSE:MA) last released its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS 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 firm had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the previous year, the company earned $1.08 EPS. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. analysts predict that Mastercard Incorporated will post 4.54 earnings per share for the current year.
The company also recently declared 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. The ex-dividend date is Monday, January 8th. This is a boost from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.66%. Mastercard’s payout ratio is currently 20.51%.
Mastercard announced that its board has initiated a stock repurchase plan on Monday, December 4th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the credit services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
In other Mastercard news, insider Michael Fraccaro sold 5,800 shares of the business’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $147.59, for a total value of $856,022.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $142.51, for a total transaction of $712,550.00. Following the completion of the sale, the director now directly owns 45,278 shares of the company’s stock, valued at $6,452,567.78. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.
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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