Valeo Financial Advisors LLC Has $5.22 Million Stock Position in Mastercard Inc (NYSE:MA)

Valeo Financial Advisors LLC boosted its position in shares of Mastercard Inc (NYSE:MA) by 4.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,464 shares of the credit services provider’s stock after purchasing an additional 747 shares during the period. Valeo Financial Advisors LLC’s holdings in Mastercard were worth $5,215,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Ellevest Inc. grew its stake in shares of Mastercard by 52.8% during the second quarter. Ellevest Inc. now owns 110 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 38 shares during the last quarter. Howe & Rusling Inc. bought a new position in Mastercard in the 3rd quarter worth approximately $29,000. Princeton Global Asset Management LLC acquired a new position in Mastercard during the 2nd quarter worth $33,000. Candriam Luxembourg S.C.A. lifted its holdings in Mastercard by 2.3% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 135,337 shares of the credit services provider’s stock worth $40,000 after buying an additional 3,050 shares in the last quarter. Finally, First Command Bank boosted its position in Mastercard by 96.3% in the 4th quarter. First Command Bank now owns 161 shares of the credit services provider’s stock valued at $48,000 after buying an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 74.40% of the company’s stock.

Shares of MA stock traded down $1.65 on Friday, reaching $323.33. The company had a trading volume of 204,618 shares, compared to its average volume of 3,043,705. The stock has a market cap of $327.18 billion, a PE ratio of 47.74, a PEG ratio of 2.23 and a beta of 1.03. The company has a 50-day moving average of $303.15 and a 200-day moving average of $283.18. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.55. Mastercard Inc has a 12 month low of $197.66 and a 12 month high of $326.79.

Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $2.15 earnings per share for the quarter, topping the consensus estimate 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%. Mastercard’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.78 EPS. Sell-side analysts anticipate that Mastercard Inc will post 7.69 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.49%. 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 dividend payout ratio (DPR) is currently 24.65%.

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

MA has been the subject of several research reports. Citigroup lifted their target price on Mastercard from $317.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday. SunTrust Banks upped their price target on Mastercard from $325.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. ValuEngine cut Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. BMO Capital Markets lifted their price objective on Mastercard to $348.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. They noted that the move was a valuation call. Finally, Nomura reiterated a “buy” rating on shares of Mastercard in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $324.21.

In other 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 transaction of $8,619,416.16. Following the transaction, the insider now owns 43,215 shares in the company, valued at approximately $13,057,844.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 7,542 shares of Mastercard stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $272.89, for a total value of $2,058,136.38. Following the transaction, the insider now owns 111,947,352 shares in the company, valued at approximately $30,549,312,887.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 218,753 shares of company stock worth $66,588,922. Insiders own 3.70% of the company’s stock.

Mastercard Company 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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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