Simmons Bank lifted its position in Mastercard Inc (NYSE:MA) by 12.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,478 shares of the credit services provider’s stock after acquiring an additional 375 shares during the period. Simmons Bank’s holdings in Mastercard were worth $656,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Leavell Investment Management Inc. boosted its holdings in shares of Mastercard by 1.8% in the 4th quarter. Leavell Investment Management Inc. now owns 11,232 shares of the credit services provider’s stock valued at $2,119,000 after buying an additional 200 shares during the last quarter. Duncker Streett & Co. Inc. lifted its holdings in Mastercard by 6.9% during the 4th quarter. Duncker Streett & Co. Inc. now owns 53,400 shares of the credit services provider’s stock valued at $10,074,000 after purchasing an additional 3,441 shares during the last quarter. Palladium Partners LLC lifted its holdings in Mastercard by 1.6% during the 4th quarter. Palladium Partners LLC now owns 88,584 shares of the credit services provider’s stock valued at $16,712,000 after purchasing an additional 1,415 shares during the last quarter. Manning & Napier Group LLC lifted its holdings in Mastercard by 3.6% during the 4th quarter. Manning & Napier Group LLC now owns 1,172,129 shares of the credit services provider’s stock valued at $221,120,000 after purchasing an additional 40,428 shares during the last quarter. Finally, Forte Capital LLC ADV lifted its holdings in Mastercard by 1.0% during the 4th quarter. Forte Capital LLC ADV now owns 52,029 shares of the credit services provider’s stock valued at $9,815,000 after purchasing an additional 496 shares during the last quarter. 74.31% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on MA. Edward Jones raised Mastercard from a “hold” rating to a “buy” rating in a report on Wednesday, December 26th. Jefferies Financial Group initiated coverage on Mastercard in a report on Monday, January 28th. They set a “buy” rating for the company. Wells Fargo & Co decreased their price target on Mastercard from $235.00 to $228.00 and set an “outperform” rating on the stock in a research report on Thursday, January 3rd. Piper Jaffray Companies restated an “overweight” rating and issued a $245.00 price target on shares of Mastercard in a research report on Friday, December 21st. Finally, UBS Group upgraded Mastercard from a “neutral” rating to a “buy” rating and raised their price target for the stock from $206.00 to $226.00 in a research report on Wednesday, January 9th. Three analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $226.45.
Shares of MA opened at $219.31 on Friday. Mastercard Inc has a 52-week low of $167.94 and a 52-week high of $225.35. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $227.82 billion, a price-to-earnings ratio of 33.79, a price-to-earnings-growth ratio of 1.76 and a beta of 1.11.
Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, January 31st. The credit services provider reported $1.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.03. The firm 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%. Equities analysts predict that Mastercard Inc will post 7.55 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $1.32 annualized dividend and a dividend yield of 0.60%. Mastercard’s dividend payout ratio is 20.34%.
Mastercard declared that its Board of Directors has initiated a share repurchase plan on Tuesday, December 4th that allows the company to repurchase $6.50 billion in shares. This repurchase authorization allows the credit services provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
In related news, insider Edward Grunde Mclaughlin sold 20,269 shares of the company’s stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $199.53, for a total transaction of $4,044,273.57. Following the completion of the sale, the insider now owns 37,374 shares in the company, valued at $7,457,234.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Haythornthwaite sold 5,000 shares of the company’s stock in a transaction on Monday, December 17th. The stock was sold at an average price of $192.00, for a total value of $960,000.00. Following the sale, the director now owns 40,183 shares of the company’s stock, valued at approximately $7,715,136. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.
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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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