Cozad Asset Management Inc. boosted its holdings in shares of Mastercard Inc (NYSE:MA) by 34.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,604 shares of the credit services provider’s stock after purchasing an additional 6,523 shares during the quarter. Mastercard makes up 1.7% of Cozad Asset Management Inc.’s holdings, making the stock its 11th largest position. Cozad Asset Management Inc.’s holdings in Mastercard were worth $4,830,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of MA. Capital Guardian Trust Co. acquired a new stake in shares of Mastercard in the third quarter valued at approximately $103,000. Baker Ellis Asset Management LLC acquired a new stake in Mastercard during the third quarter worth $104,000. Fort L.P. acquired a new stake in Mastercard during the second quarter worth $120,000. Point72 Hong Kong Ltd acquired a new stake in Mastercard during the second quarter worth $131,000. Finally, IMS Capital Management acquired a new stake in Mastercard during the third quarter worth $145,000. Institutional investors own 74.53% of the company’s stock.
In other Mastercard news, Director Richard K. Davis bought 2,475 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were purchased at an average price of $196.37 per share, with a total value of $486,015.75. Following the completion of the acquisition, the director now directly owns 3,468 shares of the company’s stock, valued at approximately $681,011.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 17th. The stock was sold at an average price of $192.00, for a total transaction of $960,000.00. Following the completion of the transaction, the director now directly owns 40,183 shares in the company, valued at approximately $7,715,136. The disclosure for this sale can be found here. Company insiders own 0.32% of the company’s stock.
Several research firms have recently commented on MA. Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $223.00 price target for the company in a research report on Monday, November 19th. Loop Capital set a $232.00 target price on Mastercard and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Edward Jones upgraded Mastercard from a “hold” rating to a “buy” rating in a research report on Wednesday, December 26th. Credit Suisse Group reiterated a “buy” rating and set a $217.00 target price on shares of Mastercard in a research report on Monday, January 7th. Finally, UBS Group upgraded Mastercard from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $206.00 to $226.00 in a research report on Wednesday, January 9th. Three investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company. Mastercard has an average rating of “Buy” and an average price target of $220.20.
Shares of MA stock traded down $0.06 during trading hours on Monday, hitting $195.84. 91,112 shares of the company were exchanged, compared to its average volume of 4,346,563. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.55 and a current ratio of 1.55. Mastercard Inc has a one year low of $156.80 and a one year high of $225.35. The stock has a market capitalization of $202.19 billion, a price-to-earnings ratio of 42.96, a PEG ratio of 1.43 and a beta of 1.13.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, October 30th. The credit services provider reported $1.78 EPS for the quarter, topping the consensus estimate of $1.68 by $0.10. Mastercard had a net margin of 35.88% and a return on equity of 114.58%. The business had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $3.86 billion. During the same quarter last year, the company posted $1.34 earnings per share. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, research analysts forecast that Mastercard Inc will post 6.44 EPS for the current year.
Mastercard announced that its Board of Directors has approved a stock repurchase plan on Tuesday, December 4th that permits the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization permits the credit services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 8th. Stockholders of record on Wednesday, January 9th will be given a dividend of $0.33 per share. This is a boost from Mastercard’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, January 8th. This represents a $1.32 annualized dividend and a dividend yield of 0.67%. Mastercard’s dividend payout ratio (DPR) is presently 28.82%.
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Mastercard Company 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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