Lourd Capital LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 20.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,532 shares of the credit services provider’s stock after acquiring an additional 1,100 shares during the period. Lourd Capital LLC’s holdings in Mastercard were worth $989,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of MA. Assenagon Asset Management S.A. purchased a new stake in shares of Mastercard in the fourth quarter worth $50,823,000. Jennison Associates LLC raised its position in shares of Mastercard by 0.5% in the fourth quarter. Jennison Associates LLC now owns 15,246,959 shares of the credit services provider’s stock worth $2,307,780,000 after buying an additional 82,024 shares in the last quarter. Spence Asset Management purchased a new stake in shares of Mastercard in the fourth quarter worth $9,030,000. FNY Partners Fund LP raised its position in shares of Mastercard by 328.6% in the fourth quarter. FNY Partners Fund LP now owns 1,500 shares of the credit services provider’s stock worth $227,000 after buying an additional 1,150 shares in the last quarter. Finally, JLB & Associates Inc. raised its position in shares of Mastercard by 4.0% in the fourth quarter. JLB & Associates Inc. now owns 130,358 shares of the credit services provider’s stock worth $19,730,000 after buying an additional 5,024 shares in the last quarter. Hedge funds and other institutional investors own 75.66% of the company’s stock.
Mastercard Incorporated (NYSE:MA) opened at $175.65 on Friday. Mastercard Incorporated has a 12 month low of $108.98 and a 12 month high of $177.11. The stock has a market capitalization of $185,135.09, a PE ratio of 38.27, a PEG ratio of 1.63 and a beta of 1.26. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.66 and a current ratio of 1.57.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Monday, April 9th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, April 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.57%. Mastercard’s dividend payout ratio (DPR) is currently 27.40%.
Mastercard announced that its board has authorized a share buyback program on Monday, December 4th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the credit services provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.
A number of equities research analysts recently issued reports on the company. Cantor Fitzgerald increased their price objective on Mastercard to $198.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Vetr upgraded Mastercard from a “sell” rating to a “buy” rating and set a $182.50 price objective on the stock in a research report on Thursday. Loop Capital increased their price objective on Mastercard to $193.00 and gave the stock a “positive” rating in a research report on Friday, February 2nd. They noted that the move was a valuation call. Argus upgraded Mastercard from a “hold” rating to a “buy” rating and set a $200.00 price objective on the stock in a research report on Friday, February 2nd. Finally, Piper Jaffray Companies increased their price objective on Mastercard from $208.00 to $212.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $177.40.
In other news, insider Edward Grunde Mclaughlin sold 17,167 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the transaction, the insider now directly owns 47,901 shares of the company’s stock, valued at $7,271,850.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.30% of the stock is currently owned by company insiders.
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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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