Clarity Financial LLC Sells 36 Shares of Mastercard Incorporated (NYSE:MA)

Clarity Financial LLC cut its stake in Mastercard Incorporated (NYSE:MAFree Report) by 4.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 724 shares of the credit services provider’s stock after selling 36 shares during the period. Clarity Financial LLC’s holdings in Mastercard were worth $309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. State Street Corp raised its position in shares of Mastercard by 1.4% in the second quarter. State Street Corp now owns 35,255,582 shares of the credit services provider’s stock valued at $13,866,020,000 after purchasing an additional 495,768 shares during the period. Capital International Investors increased its position in Mastercard by 6.8% during the second quarter. Capital International Investors now owns 19,377,705 shares of the credit services provider’s stock worth $7,620,937,000 after acquiring an additional 1,240,661 shares during the period. Geode Capital Management LLC increased its position in Mastercard by 1.7% during the second quarter. Geode Capital Management LLC now owns 16,643,273 shares of the credit services provider’s stock worth $6,529,235,000 after acquiring an additional 274,679 shares during the period. Morgan Stanley increased its position in Mastercard by 17.7% during the fourth quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock worth $5,509,328,000 after acquiring an additional 2,385,640 shares during the period. Finally, Norges Bank bought a new position in Mastercard during the fourth quarter worth about $3,308,223,000. 74.94% of the stock is owned by institutional investors.

Mastercard Trading Up 0.1 %

NYSE:MA traded up $0.60 during mid-day trading on Thursday, hitting $488.64. 2,577,253 shares of the company’s stock were exchanged, compared to its average volume of 2,448,353. The company has a 50 day simple moving average of $458.96 and a 200-day simple moving average of $424.14. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06. Mastercard Incorporated has a fifty-two week low of $346.31 and a fifty-two week high of $490.00. The firm has a market capitalization of $455.85 billion, a P/E ratio of 41.31, a PEG ratio of 1.84 and a beta of 1.08.

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

Mastercard announced that its Board of Directors has approved a share buyback plan on Tuesday, December 5th that allows the company to buyback $11.00 billion in shares. This buyback authorization allows the credit services provider to reacquire up to 2.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be issued a dividend of $0.66 per share. The ex-dividend date is Monday, April 8th. This represents a $2.64 annualized dividend and a yield of 0.54%. Mastercard’s payout ratio is 22.32%.

Insiders Place Their Bets

In other Mastercard news, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the completion of the transaction, the chief marketing officer now owns 12,255 shares in the company, valued at approximately $5,832,644.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CMO Venkata R. Madabhushi sold 16,037 shares of Mastercard stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.94, for a total value of $7,632,649.78. Following the completion of the sale, the chief marketing officer now owns 12,255 shares in the company, valued at approximately $5,832,644.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Craig Vosburg sold 8,900 shares of Mastercard stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $430.26, for a total transaction of $3,829,314.00. Following the completion of the sale, the insider now owns 46,491 shares of the company’s stock, valued at approximately $20,003,217.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,428 shares of company stock worth $23,211,617. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on MA shares. Tigress Financial raised their price target on shares of Mastercard from $476.00 to $495.00 and gave the stock a “strong-buy” rating in a research report on Thursday, December 7th. Royal Bank of Canada increased their price objective on shares of Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. William Blair reiterated an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Wells Fargo & Company increased their price objective on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Finally, Monness Crespi & Hardt assumed coverage on shares of Mastercard in a research note on Wednesday, December 20th. They set a “neutral” rating on the stock. Two investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $476.35.

View Our Latest Stock Analysis on Mastercard

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)

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