Dai ichi Life Insurance Company Ltd cut its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 2.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,953 shares of the credit services provider's stock after selling 2,103 shares during the period. Mastercard comprises approximately 1.1% of Dai ichi Life Insurance Company Ltd's portfolio, making the stock its 10th largest position. Dai ichi Life Insurance Company Ltd's holdings in Mastercard were worth $42,937,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in MA. Bank of Montreal Can grew its position in shares of Mastercard by 51.7% in the 3rd quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider's stock valued at $2,846,187,000 after buying an additional 1,965,782 shares during the last quarter. Diversified LLC boosted its holdings in Mastercard by 8.4% in the third quarter. Diversified LLC now owns 773 shares of the credit services provider's stock valued at $382,000 after acquiring an additional 60 shares during the last quarter. Loomis Sayles & Co. L P increased its position in Mastercard by 9.4% during the 3rd quarter. Loomis Sayles & Co. L P now owns 866,586 shares of the credit services provider's stock valued at $427,920,000 after purchasing an additional 74,161 shares during the period. Boston Family Office LLC raised its holdings in Mastercard by 18.5% during the 3rd quarter. Boston Family Office LLC now owns 1,600 shares of the credit services provider's stock worth $790,000 after purchasing an additional 250 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its position in shares of Mastercard by 1.0% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 4,756 shares of the credit services provider's stock worth $2,348,000 after purchasing an additional 47 shares during the period. 97.28% of the stock is owned by institutional investors.
Mastercard Stock Performance
Shares of MA traded up $2.78 during trading hours on Tuesday, hitting $529.38. The stock had a trading volume of 998,357 shares, compared to its average volume of 2,461,310. Mastercard Incorporated has a 12 month low of $404.32 and a 12 month high of $534.03. The stock has a fifty day moving average price of $507.49 and a 200 day moving average price of $474.33. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market capitalization of $485.88 billion, a PE ratio of 39.83, a PEG ratio of 2.32 and a beta of 1.10.
Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.73 by $0.16. The firm had revenue of $7.37 billion during the quarter, compared to analysts' expectations of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company's revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company posted $3.39 earnings per share. Analysts anticipate that Mastercard Incorporated will post 14.47 EPS for the current year.
Mastercard Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were issued a $0.66 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.50%. Mastercard's dividend payout ratio (DPR) is presently 19.97%.
Insider Activity at Mastercard
In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares of the company's stock, valued at $7,363,085.66. The trade was a 23.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
MA has been the subject of a number of recent analyst reports. Compass Point initiated coverage on Mastercard in a report on Wednesday, September 4th. They set a "neutral" rating and a $525.00 price target for the company. Citigroup increased their price target on Mastercard from $566.00 to $572.00 and gave the stock a "buy" rating in a report on Monday, November 4th. BNP Paribas downgraded Mastercard from an "outperform" rating to a "neutral" rating and set a $470.00 price target for the company. in a report on Tuesday, September 3rd. William Blair restated an "outperform" rating on shares of Mastercard in a research note on Monday. Finally, TD Cowen raised their target price on Mastercard from $533.00 to $567.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Four investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $549.16.
Read Our Latest Analysis on MA
Mastercard Profile
(
Free Report)
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.
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