Tredje AP fonden lifted its stake in Mastercard Incorporated (NYSE:MA) by 49.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 123,057 shares of the credit services provider’s stock after purchasing an additional 40,662 shares during the quarter. Tredje AP fonden’s holdings in Mastercard were worth $17,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC raised its position in Mastercard by 784.3% during the second quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock valued at $2,048,899,000 after acquiring an additional 14,962,583 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Mastercard by 289.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,570,551 shares of the credit services provider’s stock valued at $433,643,000 after acquiring an additional 2,654,308 shares in the last quarter. Harding Loevner LP raised its position in Mastercard by 170.7% during the third quarter. Harding Loevner LP now owns 3,447,079 shares of the credit services provider’s stock valued at $194,599,000 after acquiring an additional 2,173,507 shares in the last quarter. Capital Research Global Investors raised its position in Mastercard by 15.8% during the second quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock valued at $1,540,665,000 after acquiring an additional 1,729,179 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Mastercard by 2.3% during the second 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 in the last quarter. 75.62% of the stock is owned by institutional investors and hedge funds.

In other news, insider Edward Grunde Mclaughlin sold 17,167 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total value of $2,606,122.27. Following the sale, the insider now owns 47,901 shares in the company, valued at $7,271,850.81. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.30% of the company’s stock.

Mastercard Incorporated (MA) opened at $168.28 on Tuesday. Mastercard Incorporated has a 52-week low of $104.01 and a 52-week high of $168.33. The company has a market cap of $178,150.00, a P/E ratio of 39.23, a PEG ratio of 1.88 and a beta of 1.21. 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 quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.11. The business had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. Mastercard’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the company posted $1.08 earnings per share. sell-side analysts forecast that Mastercard Incorporated will post 4.55 EPS for the current year.

Mastercard announced that its board has authorized a share buyback program on Monday, December 4th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the credit services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 9th will be paid a $0.25 dividend. This is an increase from Mastercard’s previous quarterly dividend of $0.22. The ex-dividend date is Monday, January 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.59%. Mastercard’s dividend payout ratio (DPR) is presently 23.31%.

Several equities analysts recently weighed in on MA shares. Sanford C. Bernstein reaffirmed a “buy” rating and set a $166.00 price objective (up previously from $145.00) on shares of Mastercard in a research report on Monday, October 30th. They noted that the move was a valuation call. KeyCorp reaffirmed a “buy” rating and set a $165.00 price objective on shares of Mastercard in a research report on Wednesday, October 18th. Citigroup raised their price objective on shares of Mastercard from $157.00 to $167.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Buckingham Research started coverage on shares of Mastercard in a research report on Monday, October 2nd. They set a “buy” rating and a $163.00 price objective on the stock. Finally, Cowen reaffirmed a “buy” rating and set a $137.00 price objective on shares of Mastercard in a research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $162.22.

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Mastercard Profile

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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