Zeke Capital Advisors LLC lowered its holdings in shares of Mastercard Inc (NYSE:MA) by 25.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,728 shares of the credit services provider’s stock after selling 2,684 shares during the period. Zeke Capital Advisors LLC’s holdings in Mastercard were worth $2,308,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in MA. BlackRock Inc. grew its stake in shares of Mastercard by 0.5% in the 2nd quarter. BlackRock Inc. now owns 63,796,913 shares of the credit services provider’s stock worth $16,876,196,000 after buying an additional 297,230 shares during the last quarter. Morgan Stanley raised its stake in 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 buying an additional 640,063 shares during the last quarter. Nuveen Asset Management LLC raised its stake in 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 buying an additional 8,838,385 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Mastercard by 1.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,818,653 shares of the credit services provider’s stock worth $2,394,882,000 after acquiring an additional 84,794 shares in the last quarter. Finally, Johanson Financial Advisors Inc. boosted its holdings in Mastercard by 29,736.5% in the fourth quarter. Johanson Financial Advisors Inc. now owns 5,985,794 shares of the credit services provider’s stock worth $20,043,000 after acquiring an additional 5,965,732 shares in the last quarter. Institutional investors and hedge funds own 73.84% of the company’s stock.
In other Mastercard news, insider Michael Miebach sold 4,205 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $295.10, for a total value of $1,240,895.50. Following the transaction, the insider now owns 16,983 shares of the company’s stock, valued at $5,011,683.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 7,542 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $261.82, for a total value of $1,974,646.44. Following the completion of the transaction, the insider now directly owns 111,969,978 shares in the company, valued at approximately $29,315,979,639.96. The disclosure for this sale can be found here. Insiders have sold 198,638 shares of company stock valued at $58,809,131 over the last three months. 3.70% of the stock is owned by corporate insiders.
Mastercard (NYSE:MA) last issued its earnings results on Tuesday, October 29th. The credit services provider reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.14. The business had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.41 billion. Mastercard had a net margin of 42.50% and a return on equity of 146.92%. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.78 earnings per share. On average, research analysts expect that Mastercard Inc will post 7.69 EPS for the current fiscal year.
Mastercard declared that its board has authorized a share repurchase plan on Tuesday, December 3rd that permits the company to repurchase $8.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to reacquire up to 2.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.50%. This is a boost from Mastercard’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, January 8th. Mastercard’s payout ratio is presently 24.65%.
MA has been the subject of several analyst reports. ValuEngine downgraded Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Nomura lifted their price target on Mastercard from $324.00 to $354.00 and gave the stock a “buy” rating in a research report on Monday. Moffett Nathanson upped their price target on shares of Mastercard from to and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Oppenheimer increased their price objective on shares of Mastercard from $312.00 to $345.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Tigress Financial reissued a “buy” rating on shares of Mastercard in a research report on Monday, December 23rd. Three equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $317.64.
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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