Sabal Trust CO Acquires Shares of 755 Mastercard Inc (NYSE:MA)

Sabal Trust CO acquired a new stake in shares of Mastercard Inc (NYSE:MA) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 755 shares of the credit services provider’s stock, valued at approximately $225,000.

Several other hedge funds and other institutional investors also recently modified their holdings of MA. Nuveen Asset Management LLC lifted its holdings in shares of Mastercard by 2,608.7% during the second quarter. Nuveen Asset Management LLC now owns 9,177,186 shares of the credit services provider’s stock valued at $2,427,641,000 after acquiring an additional 8,838,385 shares during the period. Johanson Financial Advisors Inc. lifted its holdings in shares of Mastercard by 29,736.5% during the fourth quarter. Johanson Financial Advisors Inc. now owns 5,985,794 shares of the credit services provider’s stock valued at $20,043,000 after acquiring an additional 5,965,732 shares during the period. Invesco Ltd. lifted its holdings in shares of Mastercard by 50.9% during the second quarter. Invesco Ltd. now owns 5,016,084 shares of the credit services provider’s stock valued at $1,326,906,000 after acquiring an additional 1,691,911 shares during the period. Putnam Investments LLC lifted its holdings in shares of Mastercard by 1,440.8% during the second quarter. Putnam Investments LLC now owns 955,348 shares of the credit services provider’s stock valued at $252,719,000 after acquiring an additional 893,346 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of Mastercard by 4.8% during the second quarter. Morgan Stanley now owns 13,929,653 shares of the credit services provider’s stock valued at $3,684,811,000 after acquiring an additional 640,063 shares during the period. 73.84% of the stock is owned by institutional investors.

Shares of NYSE:MA opened at $310.64 on Wednesday. Mastercard Inc has a twelve month low of $193.10 and a twelve month high of $316.42. The firm has a market cap of $313.93 billion, a PE ratio of 47.86, a price-to-earnings-growth ratio of 2.16 and a beta of 1.03. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.39 and a current ratio of 1.39. The business has a fifty day moving average of $297.37 and a 200-day moving average of $280.71.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This is a positive change from Mastercard’s previous quarterly dividend of $0.33. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.52%. Mastercard’s dividend payout ratio (DPR) is 24.65%.

Mastercard announced that its Board of Directors has approved a share buyback program on Tuesday, December 3rd that permits the company to repurchase $8.00 billion in shares. This repurchase authorization permits the credit services provider to repurchase up to 2.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

A number of brokerages have issued reports on MA. Wells Fargo & Co lifted their price objective on Mastercard from $317.00 to $336.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Morgan Stanley lifted their price objective on Mastercard from $317.00 to $338.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Compass Point began coverage on Mastercard in a report on Thursday, December 5th. They set a “buy” rating and a $330.00 price objective for the company. Moffett Nathanson lifted their price objective on Mastercard from to and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, Guggenheim set a $305.00 price objective on Mastercard and gave the company a “buy” rating in a report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $313.73.

In related news, insider Edward Grunde Mclaughlin sold 28,526 shares of Mastercard stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $302.16, for a total value of $8,619,416.16. Following the completion of the sale, the insider now directly owns 43,215 shares in the company, valued at $13,057,844.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 7,542 shares of Mastercard stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $278.16, for a total value of $2,097,882.72. Following the completion of the sale, the insider now owns 112,015,230 shares of the company’s stock, valued at $31,158,156,376.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 129,108 shares of company stock valued at $36,637,812. 3.70% of the stock is currently owned by corporate insiders.

About Mastercard

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.

See Also: Quantitative Easing

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Inc (NYSE:MA).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.