Dupont Capital Management Corp Has $26 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Dupont Capital Management Corp lowered its stake in Mastercard Incorporated (NYSE:MAFree Report) by 4.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,951 shares of the credit services provider’s stock after selling 3,100 shares during the quarter. Mastercard accounts for approximately 2.3% of Dupont Capital Management Corp’s portfolio, making the stock its 10th largest position. Dupont Capital Management Corp’s holdings in Mastercard were worth $25,996,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. LFA Lugano Financial Advisors SA acquired a new stake in Mastercard in the 4th quarter valued at $27,000. Hibernia Wealth Partners LLC acquired a new stake in Mastercard in the 3rd quarter valued at $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in Mastercard in the 1st quarter valued at $25,000. Bollard Group LLC acquired a new stake in Mastercard in the 2nd quarter valued at $29,000. Finally, Barometer Capital Management Inc. acquired a new stake in Mastercard in the 3rd quarter valued at $36,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MA. BMO Capital Markets lifted their price objective on shares of Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Tigress Financial lifted their price objective on shares of Mastercard from $476.00 to $495.00 and gave the stock a “strong-buy” rating in a report on Thursday, December 7th. The Goldman Sachs Group lifted their price objective on shares of Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Raymond James lifted their price objective on shares of Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, Royal Bank of Canada lifted their price objective on shares of Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Two investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $479.62.

Get Our Latest Research Report on MA

Insider Transactions at Mastercard

In other Mastercard news, CEO Michael Miebach sold 7,851 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $475.92, for a total value of $3,736,447.92. Following the completion of the sale, the chief executive officer now owns 47,640 shares of the company’s stock, valued at $22,672,828.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Mastercard news, CEO Michael Miebach sold 7,851 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $475.92, for a total value of $3,736,447.92. Following the completion of the sale, the chief executive officer now owns 47,640 shares of the company’s stock, valued at $22,672,828.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Craig Vosburg sold 8,900 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $430.26, for a total value of $3,829,314.00. Following the completion of the sale, the insider now directly owns 46,491 shares of the company’s stock, valued at approximately $20,003,217.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,628 shares of company stock valued at $23,309,067. 0.13% of the stock is owned by corporate insiders.

Mastercard Stock Up 0.2 %

Shares of NYSE MA opened at $479.43 on Wednesday. Mastercard Incorporated has a 12 month low of $355.97 and a 12 month high of $490.00. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06. The firm has a market capitalization of $447.26 billion, a price-to-earnings ratio of 40.53, a PEG ratio of 1.82 and a beta of 1.08. The business has a 50-day moving average of $466.86 and a 200-day moving average of $427.90.

Mastercard (NYSE:MAGet Free Report) last issued its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, topping the consensus estimate of $3.08 by $0.10. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The company had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.46 billion. During the same quarter in the previous year, the firm earned $2.65 earnings per share. Sell-side analysts expect that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Monday, April 8th. Mastercard’s payout ratio is 22.32%.

Mastercard announced that its board has authorized a share repurchase plan on Tuesday, December 5th that authorizes the company to buyback $11.00 billion in shares. This buyback authorization authorizes the credit services provider to reacquire up to 2.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

Mastercard Profile

(Free Report)

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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