Mastercard Inc (MA) Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC decreased its holdings in Mastercard Inc (NYSE:MA) by 20.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,704 shares of the credit services provider’s stock after selling 440 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Mastercard were worth $379,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of MA. Capital Guardian Trust Co. purchased a new position in shares of Mastercard in the 3rd quarter worth $103,000. Baker Ellis Asset Management LLC purchased a new position in shares of Mastercard in the 3rd quarter worth $104,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Mastercard in the 2nd quarter worth $109,000. Fort L.P. purchased a new position in shares of Mastercard in the 2nd quarter worth $120,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Mastercard in the 2nd quarter worth $131,000. 74.77% of the stock is owned by institutional investors and hedge funds.

In other Mastercard news, Director Richard K. Davis acquired 2,475 shares of the stock in a transaction dated Friday, November 2nd. The shares were acquired at an average cost of $196.37 per share, for a total transaction of $486,015.75. Following the completion of the transaction, the director now directly owns 3,468 shares of the company’s stock, valued at $681,011.16. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.32% of the stock is owned by insiders.

A number of equities analysts have recently issued reports on MA shares. Goldman Sachs Group upgraded Mastercard from a “buy” rating to a “conviction-buy” rating in a research note on Monday, September 17th. Credit Suisse Group lifted their target price on Mastercard from $210.00 to $224.00 and gave the company an “outperform” rating in a research report on Monday, October 8th. BMO Capital Markets assumed coverage on Mastercard in a research report on Wednesday, September 26th. They set an “outperform” rating and a $238.00 target price on the stock. Wells Fargo & Co lifted their target price on Mastercard from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Monday, October 1st. Finally, Royal Bank of Canada lifted their target price on Mastercard from $223.00 to $232.00 and gave the company an “outperform” rating in a research report on Tuesday, September 11th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $221.28.

Shares of Mastercard stock opened at $195.33 on Friday. Mastercard Inc has a 52 week low of $149.89 and a 52 week high of $225.35. The stock has a market capitalization of $201.74 billion, a PE ratio of 32.13, a price-to-earnings-growth ratio of 1.67 and a beta of 1.21. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.01.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, October 30th. The credit services provider reported $1.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.10. Mastercard had a return on equity of 114.58% and a net margin of 35.88%. The business had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.86 billion. During the same period in the previous year, the business earned $1.34 earnings per share. The business’s revenue was up 14.7% on a year-over-year basis. On average, equities research analysts anticipate that Mastercard Inc will post 6.44 EPS for the current fiscal year.

Mastercard declared that its Board of Directors has approved a stock buyback plan on Tuesday, December 4th that allows the company to repurchase $6.50 million in outstanding shares. This repurchase authorization allows the credit services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 8th. Stockholders of record on Wednesday, January 9th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 0.68%. This is an increase from Mastercard’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, January 8th. Mastercard’s payout ratio is presently 21.83%.

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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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