Mastercard Incorporated (MA) Shares Bought by Bronfman E.L. Rothschild L.P.

Bronfman E.L. Rothschild L.P. grew its stake in Mastercard Incorporated (NYSE:MA) by 56.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,663 shares of the credit services provider’s stock after purchasing an additional 11,107 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Mastercard were worth $4,330,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MA. Janus Henderson Group PLC lifted its stake in shares of Mastercard by 784.3% in the 2nd quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock valued at $2,048,899,000 after purchasing an additional 14,962,583 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Mastercard by 289.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,570,551 shares of the credit services provider’s stock valued at $433,643,000 after purchasing an additional 2,654,308 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Mastercard by 15.8% in the 2nd quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock valued at $1,540,665,000 after purchasing an additional 1,729,179 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Mastercard by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock valued at $7,930,357,000 after purchasing an additional 1,490,267 shares during the last quarter. Finally, Egerton Capital UK LLP lifted its stake in shares of Mastercard by 60.6% in the 2nd quarter. Egerton Capital UK LLP now owns 3,923,766 shares of the credit services provider’s stock valued at $476,541,000 after purchasing an additional 1,480,425 shares during the last quarter. 75.58% of the stock is owned by institutional investors and hedge funds.

In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of Mastercard stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the completion of the sale, the insider now directly owns 47,901 shares of the company’s stock, valued at approximately $7,271,850.81. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.30% of the company’s stock.

MA has been the subject of a number of research analyst reports. Morgan Stanley reissued an “overweight” rating and set a $160.00 price target (up from $138.00) on shares of Mastercard in a research note on Tuesday, September 19th. Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a research note on Thursday, September 21st. Royal Bank of Canada reissued a “buy” rating and set a $156.00 price target on shares of Mastercard in a research note on Friday, September 22nd. Cantor Fitzgerald initiated coverage on Mastercard in a research note on Thursday, September 28th. They set an “overweight” rating and a $165.00 price target for the company. Finally, Buckingham Research initiated coverage on Mastercard in a research note on Monday, October 2nd. They set a “buy” rating and a $163.00 price target for the company. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $161.82.

Shares of Mastercard Incorporated (NYSE MA) opened at $162.33 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $171,850.00, a price-to-earnings ratio of 37.84, a price-to-earnings-growth ratio of 1.82 and a beta of 1.21. Mastercard Incorporated has a 1 year low of $104.01 and a 1 year high of $162.52.

Mastercard (NYSE:MA) last issued its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.11. The business had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. Mastercard’s revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 EPS. equities research analysts predict that Mastercard Incorporated will post 4.54 earnings per share for the current year.

Mastercard declared that its Board of Directors has initiated a share buyback plan on Monday, December 4th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Tuesday, January 9th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, January 8th. This is a positive change from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a yield of 0.62%. Mastercard’s payout ratio is 23.31%.

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About Mastercard

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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