Veritas Investment Management UK Ltd Has $25.92 Million Stock Position in Mastercard Inc (NYSE:MA)

Veritas Investment Management UK Ltd decreased its holdings in Mastercard Inc (NYSE:MA) by 5.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 95,437 shares of the credit services provider’s stock after selling 5,235 shares during the quarter. Mastercard accounts for approximately 7.2% of Veritas Investment Management UK Ltd’s holdings, making the stock its 4th largest position. Veritas Investment Management UK Ltd’s holdings in Mastercard were worth $25,918,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Cox Capital Mgt LLC boosted its stake in Mastercard by 3.0% during the second quarter. Cox Capital Mgt LLC now owns 10,534 shares of the credit services provider’s stock worth $2,787,000 after buying an additional 310 shares during the period. Park National Corp OH boosted its stake in Mastercard by 16.5% during the second quarter. Park National Corp OH now owns 1,510 shares of the credit services provider’s stock worth $399,000 after buying an additional 214 shares during the period. South Texas Money Management Ltd. lifted its position in shares of Mastercard by 3.0% during the second quarter. South Texas Money Management Ltd. now owns 2,163 shares of the credit services provider’s stock worth $572,000 after purchasing an additional 63 shares in the last quarter. Winfield Associates Inc. acquired a new stake in shares of Mastercard during the second quarter worth about $143,000. Finally, Foundations Investment Advisors LLC lifted its position in shares of Mastercard by 13.3% during the second quarter. Foundations Investment Advisors LLC now owns 6,811 shares of the credit services provider’s stock worth $1,860,000 after purchasing an additional 801 shares in the last quarter. 74.21% of the stock is owned by institutional investors.

Shares of MA traded up $2.11 during mid-day trading on Monday, reaching $277.00. 2,132,576 shares of the company’s stock were exchanged, compared to its average volume of 3,518,166. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market capitalization of $272.92 billion, a PE ratio of 42.68, a price-to-earnings-growth ratio of 2.19 and a beta of 1.04. The business’s fifty day simple moving average is $272.40 and its 200-day simple moving average is $267.53. Mastercard Inc has a 52-week low of $171.89 and a 52-week high of $293.69.

Mastercard (NYSE:MA) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.14. The business had revenue of $4.47 billion for the quarter, compared to analyst estimates of $4.41 billion. Mastercard had a net margin of 42.50% and a return on equity of 146.92%. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period last year, the firm posted $1.78 earnings per share. Equities research analysts predict that Mastercard Inc will post 7.69 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.48%. Mastercard’s dividend payout ratio (DPR) is presently 20.34%.

Several analysts have recently issued reports on the stock. Morgan Stanley increased their price target on shares of Mastercard from $315.00 to $317.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Guggenheim set a $305.00 price target on shares of Mastercard and gave the stock a “buy” rating in a research report on Friday, November 1st. Royal Bank of Canada set a $315.00 price target on shares of Mastercard and gave the stock a “buy” rating in a research report on Wednesday, August 7th. UBS Group increased their price target on shares of Mastercard from $300.00 to $312.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, ValuEngine cut shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $303.45.

In other news, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $280.00, for a total transaction of $1,400,000.00. Following the transaction, the director now directly owns 32,119 shares in the company, valued at $8,993,320. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 7,542 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $261.82, for a total transaction of $1,974,646.44. Following the transaction, the insider now owns 111,969,978 shares in the company, valued at $29,315,979,639.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 99,080 shares of company stock worth $27,149,356. Insiders own 3.70% of the company’s stock.

Mastercard Profile

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.

Further Reading: Strangles

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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