South Dakota Investment Council Grows Stake in Mastercard Incorporated (NYSE:MA)

South Dakota Investment Council raised its position in shares of Mastercard Incorporated (NYSE:MAGet Rating) by 37.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 127,709 shares of the credit services provider’s stock after purchasing an additional 34,630 shares during the quarter. Mastercard comprises about 0.8% of South Dakota Investment Council’s investment portfolio, making the stock its 14th biggest holding. South Dakota Investment Council’s holdings in Mastercard were worth $45,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Capital Management Corp VA grew its holdings in Mastercard by 3.8% during the 4th quarter. Capital Management Corp VA now owns 27,193 shares of the credit services provider’s stock valued at $9,771,000 after buying an additional 1,007 shares in the last quarter. West Bancorporation Inc. purchased a new position in Mastercard during the 4th quarter valued at approximately $316,000. Advisory Resource Group purchased a new position in Mastercard during the 4th quarter valued at approximately $453,000. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Mastercard by 13.6% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 6,503 shares of the credit services provider’s stock valued at $2,338,000 after purchasing an additional 780 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its stake in shares of Mastercard by 1.6% in the 4th quarter. CENTRAL TRUST Co now owns 50,248 shares of the credit services provider’s stock valued at $18,055,000 after purchasing an additional 767 shares during the last quarter. Institutional investors and hedge funds own 73.86% of the company’s stock.

Shares of NYSE:MA traded down $15.45 on Friday, reaching $363.38. The company had a trading volume of 4,741,764 shares, compared to its average volume of 3,068,598. Mastercard Incorporated has a 52-week low of $305.61 and a 52-week high of $399.92. The firm’s 50 day simple moving average is $350.79 and its 200-day simple moving average is $353.71. The firm has a market capitalization of $355.20 billion, a PE ratio of 37.81, a PEG ratio of 1.85 and a beta of 1.08. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.78.

Mastercard (NYSE:MAGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The credit services provider reported $2.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.18 by $0.58. Mastercard had a return on equity of 122.90% and a net margin of 46.00%. The business had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the business posted $1.74 EPS. The business’s revenue was up 24.4% compared to the same quarter last year. As a group, equities research analysts predict that Mastercard Incorporated will post 10.11 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 9th. Stockholders of record on Friday, April 8th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Thursday, April 7th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.54%. Mastercard’s dividend payout ratio is presently 20.40%.

MA has been the subject of several analyst reports. Barclays lowered their price objective on Mastercard from $430.00 to $420.00 and set an “overweight” rating for the company in a research note on Monday, April 4th. Raymond James lowered their price objective on Mastercard from $453.00 to $447.00 and set an “outperform” rating for the company in a research note on Friday, January 28th. Bank of America lowered their price objective on Mastercard from $416.00 to $402.00 and set a “buy” rating for the company in a research note on Monday, April 18th. JPMorgan Chase & Co. raised their price target on Mastercard from $400.00 to $430.00 in a research note on Friday. Finally, BMO Capital Markets decreased their price target on Mastercard from $412.00 to $402.00 in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Mastercard currently has a consensus rating of “Buy” and an average price target of $422.53.

In related news, insider Craig Vosburg sold 1,561 shares of the business’s stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $365.00, for a total transaction of $569,765.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 155,060 shares of the business’s stock in a transaction on Wednesday, February 9th. The stock was sold at an average price of $383.74, for a total value of $59,502,724.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 466,741 shares of company stock worth $176,434,165. 0.33% of the stock is owned by company insiders.

Mastercard Company Profile (Get Rating)

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 other payment-related products and services.

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:MAGet Rating).

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.