Mastercard Incorporated (MA) Stake Lessened by TrueNorth Inc.

TrueNorth Inc. lowered its position in Mastercard Incorporated (NYSE:MA) by 5.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 24,121 shares of the credit services provider’s stock after selling 1,481 shares during the period. Mastercard accounts for approximately 1.6% of TrueNorth Inc.’s portfolio, making the stock its 13th largest position. TrueNorth Inc.’s holdings in Mastercard were worth $3,406,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. TIAA FSB lifted its position in shares of Mastercard by 2.2% during the 3rd quarter. TIAA FSB now owns 86,868 shares of the credit services provider’s stock valued at $12,265,000 after acquiring an additional 1,859 shares during the period. Tirschwell & Loewy Inc. lifted its position in shares of Mastercard by 0.5% during the 3rd quarter. Tirschwell & Loewy Inc. now owns 155,700 shares of the credit services provider’s stock valued at $21,984,000 after acquiring an additional 820 shares during the period. Rathbone Brothers plc lifted its position in shares of Mastercard by 0.3% during the 3rd quarter. Rathbone Brothers plc now owns 275,823 shares of the credit services provider’s stock valued at $38,946,000 after acquiring an additional 877 shares during the period. First Trust Advisors LP lifted its position in shares of Mastercard by 24.7% during the 3rd quarter. First Trust Advisors LP now owns 234,796 shares of the credit services provider’s stock valued at $33,153,000 after acquiring an additional 46,563 shares during the period. Finally, Armstrong Henry H Associates Inc. lifted its position in shares of Mastercard by 5.0% during the 3rd quarter. Armstrong Henry H Associates Inc. now owns 27,784 shares of the credit services provider’s stock valued at $3,923,000 after acquiring an additional 1,325 shares during the period. Hedge funds and other institutional investors own 75.81% of the company’s stock.

A number of research analysts recently issued reports on the stock. Sanford C. Bernstein reiterated a “buy” rating and set a $180.00 target price (up previously from $166.00) on shares of Mastercard in a research report on Monday, December 11th. Vetr upgraded shares of Mastercard from a “buy” rating to a “strong-buy” rating and set a $161.72 price objective on the stock in a report on Tuesday, December 5th. Zacks Investment Research downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Bank of America upped their price objective on shares of Mastercard from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Finally, J P Morgan Chase & Co upped their price objective on shares of Mastercard from $152.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Two research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $159.69.

Shares of Mastercard Incorporated (MA) opened at $153.40 on Friday. Mastercard Incorporated has a one year low of $102.98 and a one year high of $154.65. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.83. The stock has a market cap of $162,398.75, a price-to-earnings ratio of 35.59, a PEG ratio of 2.04 and a beta of 1.20.

Mastercard (NYSE:MA) last posted its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The firm had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the prior year, the business posted $1.08 EPS. The business’s revenue was up 18.1% compared to the same quarter last year. research analysts expect that Mastercard Incorporated will post 4.54 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 9th will be paid a $0.25 dividend. This is a positive change from Mastercard’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, January 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.65%. Mastercard’s dividend payout ratio is presently 20.47%.

Mastercard declared that its board has authorized a stock buyback plan on Monday, December 4th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the credit services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

In other news, insider Michael Fraccaro sold 5,800 shares of the company’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $147.59, for a total value of $856,022.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Craig Vosburg sold 14,200 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the completion of the sale, the insider now owns 40,646 shares of the company’s stock, valued at approximately $5,766,041.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,000 shares of company stock valued at $3,582,984. Company insiders own 0.30% of the company’s stock.

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About Mastercard

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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