Mastercard Incorporated (MA) Shares Sold by Findlay Park Partners LLP
Findlay Park Partners LLP lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 29.6% in the third quarter, Holdings Channel reports. The institutional investor owned 1,425,000 shares of the credit services provider’s stock after selling 600,000 shares during the period. Mastercard accounts for approximately 2.0% of Findlay Park Partners LLP’s holdings, making the stock its 21st biggest position. Findlay Park Partners LLP’s holdings in Mastercard were worth $201,210,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Mastercard by 2.3% during the second quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock valued at $7,930,357,000 after buying an additional 1,490,267 shares during the last quarter. Janus Henderson Group PLC increased its stake in Mastercard by 784.3% in the second quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock valued at $2,048,899,000 after acquiring an additional 14,962,583 shares during the period. Capital Research Global Investors increased its stake in Mastercard by 15.8% in the second quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock valued at $1,540,665,000 after acquiring an additional 1,729,179 shares during the period. Capital World Investors increased its stake in Mastercard by 2.3% in the second quarter. Capital World Investors now owns 12,675,652 shares of the credit services provider’s stock valued at $1,539,458,000 after acquiring an additional 289,488 shares during the period. Finally, UBS Asset Management Americas Inc. increased its stake in Mastercard by 6.0% in the second quarter. UBS Asset Management Americas Inc. now owns 6,174,892 shares of the credit services provider’s stock valued at $749,941,000 after acquiring an additional 347,768 shares during the period. 75.58% of the stock is owned by institutional investors and hedge funds.
In other news, insider Edward Grunde Mclaughlin sold 17,167 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the transaction, the insider now directly owns 47,901 shares in the company, valued at $7,271,850.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is currently owned by corporate insiders.
A number of research firms recently weighed in on MA. Vetr raised shares of Mastercard from a “sell” rating to a “hold” rating and set a $158.70 target price on the stock in a research note on Thursday. Sanford C. Bernstein reissued a “buy” rating and issued a $180.00 target price (up previously from $166.00) on shares of Mastercard in a research note on Monday, December 11th. Cowen reissued a “buy” rating and issued a $137.00 target price on shares of Mastercard in a research note on Thursday, October 12th. Zacks Investment Research cut shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, Mizuho reissued a “hold” rating and issued a $140.00 target price on shares of Mastercard in a research note on Thursday, October 12th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $160.69.
Shares of Mastercard Incorporated (NYSE MA) opened at $160.92 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market cap of $170,360.00, a PE ratio of 37.51, a price-to-earnings-growth ratio of 1.80 and a beta of 1.21. Mastercard Incorporated has a 52 week low of $104.01 and a 52 week high of $161.13.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.11. The firm had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 earnings per share. sell-side analysts predict that Mastercard Incorporated will post 4.54 EPS for the current fiscal year.
Mastercard declared that its Board of Directors has initiated a share buyback program on Monday, December 4th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 9th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.62%. This is a positive change from Mastercard’s previous quarterly dividend of $0.22. The ex-dividend date is Monday, January 8th. Mastercard’s dividend payout ratio is presently 23.31%.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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