Autus Asset Management LLC Decreases Stake in Mastercard Inc (MA)
Autus Asset Management LLC lessened its position in shares of Mastercard Inc (NYSE:MA) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,404 shares of the credit services provider’s stock after selling 1,605 shares during the quarter. Mastercard makes up about 2.4% of Autus Asset Management LLC’s investment portfolio, making the stock its 6th largest position. Autus Asset Management LLC’s holdings in Mastercard were worth $12,528,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in MA. Oregon Public Employees Retirement Fund boosted its stake in Mastercard by 14,925.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 71,553,436 shares of the credit services provider’s stock valued at $379,000 after buying an additional 71,077,219 shares in the last quarter. Vanguard Group Inc. boosted its stake in Mastercard by 0.9% in the third quarter. Vanguard Group Inc. now owns 69,297,171 shares of the credit services provider’s stock worth $15,426,244,000 after purchasing an additional 609,214 shares in the last quarter. Vanguard Group Inc boosted its stake in Mastercard by 0.9% in the third quarter. Vanguard Group Inc now owns 69,297,171 shares of the credit services provider’s stock worth $15,426,244,000 after purchasing an additional 609,214 shares in the last quarter. Capital Research Global Investors boosted its stake in Mastercard by 10.5% in the third quarter. Capital Research Global Investors now owns 19,448,504 shares of the credit services provider’s stock worth $4,329,431,000 after purchasing an additional 1,846,753 shares in the last quarter. Finally, Capital World Investors boosted its stake in Mastercard by 18.4% in the third quarter. Capital World Investors now owns 19,136,297 shares of the credit services provider’s stock worth $4,259,931,000 after purchasing an additional 2,976,127 shares in the last quarter. 74.17% of the stock is currently owned by institutional investors.
In related news, Director Richard Haythornthwaite sold 5,000 shares of the company’s stock in a transaction dated Monday, December 17th. The stock was sold at an average price of $192.00, for a total value of $960,000.00. Following the completion of the sale, the director now owns 40,183 shares in the company, valued at $7,715,136. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward Grunde Mclaughlin sold 20,269 shares of the company’s stock in a transaction dated Tuesday, January 22nd. The shares were sold at an average price of $199.53, for a total value of $4,044,273.57. Following the completion of the sale, the insider now owns 37,374 shares of the company’s stock, valued at approximately $7,457,234.22. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.
Mastercard (NYSE:MA) last released its earnings results on Thursday, January 31st. The credit services provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. The company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.79 billion. Mastercard had a return on equity of 122.25% and a net margin of 39.19%. On average, equities research analysts predict that Mastercard Inc will post 7.55 earnings per share for the current fiscal year.
Mastercard announced that its board has approved a share repurchase plan on Tuesday, December 4th that authorizes the company to repurchase $6.50 billion in shares. This repurchase authorization authorizes the credit services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be given a dividend of $0.33 per share. The ex-dividend date is Monday, April 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.57%. Mastercard’s payout ratio is currently 20.34%.
MA has been the topic of a number of recent analyst reports. Barclays reissued a “buy” rating on shares of Mastercard in a research note on Sunday, February 3rd. Zacks Investment Research lowered Mastercard from a “buy” rating to a “hold” rating in a research note on Friday, December 7th. Credit Suisse Group reissued a “buy” rating and issued a $217.00 price objective on shares of Mastercard in a research note on Monday, January 7th. Wedbush boosted their price objective on Mastercard from $220.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Edward Jones raised Mastercard from a “hold” rating to a “buy” rating in a research note on Wednesday, December 26th. Three investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. Mastercard currently has a consensus rating of “Buy” and an average target price of $226.80.
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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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