Eaton Vance Management raised its holdings in Mastercard Inc (NYSE:MA) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 396,465 shares of the credit services provider’s stock after acquiring an additional 10,171 shares during the period. Eaton Vance Management’s holdings in Mastercard were worth $88,257,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the business. Richard Bernstein Advisors LLC lifted its holdings in shares of Mastercard by 3.5% in the second quarter. Richard Bernstein Advisors LLC now owns 81,090 shares of the credit services provider’s stock valued at $15,936,000 after purchasing an additional 2,757 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Mastercard by 13.3% in the third quarter. Russell Investments Group Ltd. now owns 2,640,138 shares of the credit services provider’s stock valued at $587,406,000 after purchasing an additional 310,839 shares in the last quarter. Criterion Capital Management LLC lifted its holdings in shares of Mastercard by 16.8% in the second quarter. Criterion Capital Management LLC now owns 171,179 shares of the credit services provider’s stock valued at $33,640,000 after purchasing an additional 24,634 shares in the last quarter. Certified Advisory Corp lifted its holdings in shares of Mastercard by 9.3% in the second quarter. Certified Advisory Corp now owns 16,100 shares of the credit services provider’s stock valued at $3,164,000 after purchasing an additional 1,375 shares in the last quarter. Finally, TD Asset Management Inc. lifted its holdings in shares of Mastercard by 5.7% in the third quarter. TD Asset Management Inc. now owns 804,361 shares of the credit services provider’s stock valued at $179,059,000 after purchasing an additional 43,376 shares in the last quarter. 74.84% of the stock is owned by hedge funds and other institutional investors.
In other Mastercard news, Director Richard K. Davis acquired 2,475 shares of the company’s stock in a transaction on Friday, November 2nd. The shares were purchased at an average price of $196.37 per share, for a total transaction of $486,015.75. Following the completion of the purchase, the director now directly owns 3,468 shares of the company’s stock, valued at $681,011.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.32% of the stock is owned by corporate insiders.
Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.10. The firm had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.86 billion. Mastercard had a return on equity of 114.58% and a net margin of 35.88%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.34 earnings per share. Equities research analysts predict that Mastercard Inc will post 6.43 EPS for the current fiscal year.
Mastercard declared that its board has approved a stock repurchase plan on Tuesday, December 4th that permits the company to repurchase $6.50 million in outstanding shares. This repurchase authorization permits the credit services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 8th. Shareholders of record on Wednesday, January 9th will be paid a $0.33 dividend. This is a positive change from Mastercard’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, January 8th. This represents a $1.32 annualized dividend and a yield of 0.65%. Mastercard’s dividend payout ratio is currently 21.83%.
Several analysts recently issued reports on MA shares. Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $223.00 target price on the stock in a report on Monday, November 19th. Loop Capital set a $232.00 target price on Mastercard and gave the stock a “buy” rating in a report on Wednesday, October 31st. Goldman Sachs Group upgraded Mastercard from a “buy” rating to a “conviction-buy” rating in a report on Monday, September 17th. BMO Capital Markets upped their target price on Mastercard from $238.00 to $248.00 and gave the stock an “outperform” rating in a report on Thursday, November 1st. Finally, Royal Bank of Canada upped their target price on Mastercard from $223.00 to $232.00 and gave the stock an “outperform” rating in a report on Tuesday, September 11th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $221.28.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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