Mastercard Inc (MA) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lessened its stake in shares of Mastercard Inc (NYSE:MA) by 24.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,399 shares of the credit services provider’s stock after selling 12,207 shares during the period. Private Advisor Group LLC’s holdings in Mastercard were worth $7,057,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in MA. Oregon Public Employees Retirement Fund grew its position in Mastercard by 14,925.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 71,553,436 shares of the credit services provider’s stock worth $379,000 after purchasing an additional 71,077,219 shares during the last quarter. Capital World Investors grew its position in Mastercard by 18.4% during the 3rd 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 during the last quarter. Capital Research Global Investors grew its position in Mastercard by 10.5% during the 3rd 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 during the last quarter. Rehmann Capital Advisory Group grew its position in Mastercard by 22,078.6% during the 3rd quarter. Rehmann Capital Advisory Group now owns 1,820,194 shares of the credit services provider’s stock worth $8,176,000 after purchasing an additional 1,811,987 shares during the last quarter. Finally, Morgan Stanley grew its position in Mastercard by 8.1% during the 3rd quarter. Morgan Stanley now owns 14,071,425 shares of the credit services provider’s stock worth $3,132,440,000 after purchasing an additional 1,058,341 shares during the last quarter. 74.17% of the stock is currently owned by institutional investors.

Shares of NYSE MA opened at $231.17 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.08. Mastercard Inc has a 12 month low of $167.94 and a 12 month high of $232.76. The company has a market cap of $237.16 billion, a price-to-earnings ratio of 35.62, a price-to-earnings-growth ratio of 1.81 and a beta of 1.14.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, January 31st. The credit services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.52 by $0.03. Mastercard had a net margin of 39.19% and a return on equity of 122.25%. The business had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.79 billion. As a group, equities research analysts forecast that Mastercard Inc will post 7.55 earnings per share for the current year.

Mastercard declared that its board has initiated a stock repurchase plan on Tuesday, December 4th that permits the company to repurchase $6.50 billion in shares. This repurchase authorization permits the credit services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio is currently 20.34%.

In related news, Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction on Monday, December 17th. The shares were sold at an average price of $192.00, for a total value of $960,000.00. Following the completion of the transaction, the director now directly owns 40,183 shares in the company, valued at approximately $7,715,136. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Edward Grunde Mclaughlin sold 20,269 shares of the business’s stock in a transaction on Tuesday, January 22nd. The shares were sold at an average price of $199.53, for a total transaction of $4,044,273.57. Following the completion of the transaction, the insider now owns 37,374 shares of the company’s stock, valued at $7,457,234.22. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.

Several analysts have weighed in on MA shares. Barclays reissued a “buy” rating on shares of Mastercard in a research report on Sunday, February 3rd. Zacks Investment Research downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Friday, December 7th. Credit Suisse Group reissued a “buy” rating and set a $217.00 target price on shares of Mastercard in a research report on Monday, January 7th. Wedbush boosted their target price on shares of Mastercard from $220.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Edward Jones raised shares of Mastercard from a “hold” rating to a “buy” rating in a research report on Wednesday, December 26th. Three research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Mastercard has a consensus rating of “Buy” and a consensus price target of $226.80.

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About Mastercard

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.

Further Reading: How Does the Quiet Period Work?

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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