MERIAN GLOBAL INVESTORS UK Ltd Has $317.99 Million Holdings in Mastercard Inc (MA)

MERIAN GLOBAL INVESTORS UK Ltd raised its position in Mastercard Inc (NYSE:MA) by 45.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,428,465 shares of the credit services provider’s stock after buying an additional 447,615 shares during the period. Mastercard comprises 2.2% of MERIAN GLOBAL INVESTORS UK Ltd’s investment portfolio, making the stock its 3rd biggest position. MERIAN GLOBAL INVESTORS UK Ltd owned approximately 0.14% of Mastercard worth $317,990,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FMR LLC increased its stake in shares of Mastercard by 6.0% during the second quarter. FMR LLC now owns 39,120,141 shares of the credit services provider’s stock worth $7,687,891,000 after purchasing an additional 2,229,947 shares in the last quarter. Cornerstone Wealth Management LLC increased its stake in shares of Mastercard by 19,937.5% during the second quarter. Cornerstone Wealth Management LLC now owns 1,324,080 shares of the credit services provider’s stock worth $6,699,000 after purchasing an additional 1,317,472 shares in the last quarter. Summit Trail Advisors LLC increased its stake in shares of Mastercard by 19,210.6% during the first quarter. Summit Trail Advisors LLC now owns 650,381 shares of the credit services provider’s stock worth $650,000 after purchasing an additional 647,013 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Mastercard by 4.7% during the second quarter. Jennison Associates LLC now owns 14,330,021 shares of the credit services provider’s stock worth $2,816,136,000 after purchasing an additional 646,937 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Mastercard by 118.2% during the first quarter. Millennium Management LLC now owns 973,680 shares of the credit services provider’s stock worth $170,550,000 after purchasing an additional 527,352 shares in the last quarter. 74.36% of the stock is owned by institutional investors.

Shares of NYSE MA opened at $207.38 on Thursday. Mastercard Inc has a 12-month low of $140.61 and a 12-month high of $225.35. The stock has a market cap of $231.17 billion, a P/E ratio of 45.28, a price-to-earnings-growth ratio of 1.83 and a beta of 1.16. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.51 and a quick ratio of 1.51.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 26th. The credit services provider reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.13. Mastercard had a net margin of 33.81% and a return on equity of 103.82%. The company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the prior year, the company earned $1.10 EPS. Mastercard’s revenue was up 20.0% compared to the same quarter last year. As a group, equities analysts forecast that Mastercard Inc will post 6.41 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Tuesday, October 9th will be issued a $0.25 dividend. The ex-dividend date is Friday, October 5th. This represents a $1.00 annualized dividend and a yield of 0.48%. Mastercard’s payout ratio is 21.83%.

MA has been the subject of a number of research reports. Goldman Sachs Group raised shares of Mastercard from a “buy” rating to a “conviction-buy” rating in a research note on Monday, September 17th. Wells Fargo & Co boosted their target price on shares of Mastercard from $211.00 to $227.00 and gave the stock an “outperform” rating in a research note on Thursday, July 12th. Oppenheimer boosted their target price on shares of Mastercard from $197.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 17th. JPMorgan Chase & Co. boosted their target price on shares of Mastercard from $202.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. Finally, SunTrust Banks boosted their target price on shares of Mastercard to $240.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $216.94.

In other Mastercard news, CFO Martina Hundmejean sold 69,817 shares of the business’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $200.35, for a total value of $13,987,835.95. Following the transaction, the chief financial officer now directly owns 128,905 shares in the company, valued at approximately $25,826,116.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.32% of the company’s stock.

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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