Olstein Capital Management L.P. Acquires 20,900 Shares of Mastercard Inc (MA)

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Olstein Capital Management L.P. raised its holdings in shares of Mastercard Inc (NYSE:MA) by 130.6% in the 4th quarter, HoldingsChannel reports. The fund owned 36,900 shares of the credit services provider’s stock after purchasing an additional 20,900 shares during the period. Mastercard accounts for approximately 1.1% of Olstein Capital Management L.P.’s investment portfolio, making the stock its 29th largest holding. Olstein Capital Management L.P.’s holdings in Mastercard were worth $6,961,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. New Capital Management LP boosted its position in shares of Mastercard by 50.0% in the fourth quarter. New Capital Management LP now owns 150 shares of the credit services provider’s stock worth $28,000 after acquiring an additional 50 shares during the last quarter. HCR Wealth Advisors boosted its position in shares of Mastercard by 4.5% in the fourth quarter. HCR Wealth Advisors now owns 1,164 shares of the credit services provider’s stock worth $220,000 after acquiring an additional 50 shares during the last quarter. Gables Capital Management Inc. boosted its position in shares of Mastercard by 0.6% in the fourth quarter. Gables Capital Management Inc. now owns 8,694 shares of the credit services provider’s stock worth $1,640,000 after acquiring an additional 50 shares during the last quarter. Mission Wealth Management LP boosted its position in shares of Mastercard by 2.1% in the fourth quarter. Mission Wealth Management LP now owns 2,451 shares of the credit services provider’s stock worth $462,000 after acquiring an additional 51 shares during the last quarter. Finally, Motco boosted its position in shares of Mastercard by 40.9% in the fourth quarter. Motco now owns 186 shares of the credit services provider’s stock worth $35,000 after acquiring an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 74.17% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th. Piper Jaffray Companies reissued an “overweight” rating and issued a $245.00 target price on shares of Mastercard in a research report on Friday, December 21st. Wells Fargo & Co decreased their target price on shares of Mastercard from $235.00 to $228.00 and set an “outperform” rating on the stock in a research report on Thursday, January 3rd. Bank of America cut shares of Mastercard from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $230.00 to $207.00 in a research report on Tuesday, January 8th. Finally, Nomura raised their target price on shares of Mastercard to $252.00 and gave the stock a “buy” rating in a research report on Wednesday, February 20th. Three investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $226.80.

In other news, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction that occurred on Monday, December 17th. The shares were sold at an average price of $192.00, for a total transaction of $960,000.00. Following the sale, the director now owns 40,183 shares in the company, valued at $7,715,136. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward Grunde Mclaughlin sold 20,269 shares of Mastercard stock in a transaction that occurred 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 sale, the insider now owns 37,374 shares in the company, valued at approximately $7,457,234.22. The disclosure for this sale can be found here. Company insiders own 0.32% of the company’s stock.

Shares of MA stock opened at $229.51 on Friday. The company has a market cap of $232.82 billion, a price-to-earnings ratio of 35.36, a price-to-earnings-growth ratio of 1.81 and a beta of 1.14. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.39 and a current ratio of 1.39. Mastercard Inc has a fifty-two week low of $167.94 and a fifty-two week high of $231.33.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, January 31st. The credit services provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. The firm had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Mastercard had a net margin of 39.19% and a return on equity of 122.25%. As a group, equities research analysts anticipate that Mastercard Inc will post 7.55 earnings per share for the current fiscal 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 paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.58%. Mastercard’s dividend payout ratio is currently 20.34%.

Mastercard announced that its board has initiated a share repurchase plan on Tuesday, December 4th that permits the company to buyback $6.50 billion in outstanding shares. This buyback authorization permits the credit services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

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Mastercard 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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