Boston Common Asset Management LLC Reduces Stake in Mastercard Incorporated (NYSE:MA)

Boston Common Asset Management LLC lessened its position in shares of Mastercard Incorporated (NYSE:MAFree Report) by 8.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 512 shares of the credit services provider’s stock after selling 50 shares during the quarter. Boston Common Asset Management LLC’s holdings in Mastercard were worth $218,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. GeoWealth Management LLC bought a new position in Mastercard in the second quarter valued at about $26,000. Hibernia Wealth Partners LLC bought a new position in shares of Mastercard in the third quarter worth about $27,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Mastercard in the first quarter worth about $25,000. Bollard Group LLC bought a new position in shares of Mastercard in the second quarter worth about $29,000. Finally, Barometer Capital Management Inc. bought a new position in shares of Mastercard in the third quarter worth about $36,000. Institutional investors own 74.94% of the company’s stock.

Insider Buying and Selling

In other Mastercard news, insider Ajay Bhalla sold 98 shares of Mastercard stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $439.52, for a total transaction of $43,072.96. Following the completion of the sale, the insider now directly owns 6,235 shares of the company’s stock, valued at approximately $2,740,407.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Mastercard news, insider Ajay Bhalla sold 98 shares of the stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $439.52, for a total transaction of $43,072.96. Following the transaction, the insider now directly owns 6,235 shares in the company, valued at approximately $2,740,407.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the transaction, the chief marketing officer now owns 12,255 shares in the company, valued at $5,832,644.70. The disclosure for this sale can be found here. In the last three months, insiders sold 50,428 shares of company stock valued at $23,211,617. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on MA. Oppenheimer reaffirmed an “outperform” rating and issued a $510.00 price objective on shares of Mastercard in a research note on Thursday, February 1st. Wells Fargo & Company increased their target price on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Mizuho increased their target price on Mastercard from $462.00 to $480.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. William Blair reiterated an “outperform” rating on shares of Mastercard in a research report on Wednesday, January 31st. Finally, Raymond James increased their target price on Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Two analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $476.35.

View Our Latest Stock Report on MA

Mastercard Price Performance

NYSE:MA opened at $475.83 on Friday. The firm has a market capitalization of $443.90 billion, a price-to-earnings ratio of 40.22, a PEG ratio of 1.80 and a beta of 1.08. Mastercard Incorporated has a 1 year low of $340.28 and a 1 year high of $482.00. The business has a 50 day simple moving average of $455.40 and a 200-day simple moving average of $422.68. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17.

Mastercard (NYSE:MAGet Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The firm had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.46 billion. During the same period last year, the company earned $2.65 EPS. Equities analysts forecast that Mastercard Incorporated will post 14.36 EPS for the current year.

Mastercard announced that its board has authorized a share repurchase plan on Tuesday, December 5th that permits the company to repurchase $11.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to purchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio is currently 22.32%.

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.

See Also

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAFree Report).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.