Peregrine Asset Advisers Inc. bought a new stake in Mastercard Inc (NYSE:MA) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,380 shares of the credit services provider’s stock, valued at approximately $209,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. Massey Quick Simon & CO. LLC purchased a new position in Mastercard in the third quarter valued at approximately $102,000. Thompson Davis & CO. Inc. increased its stake in Mastercard by 170.1% in the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 546 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new position in Mastercard in the third quarter valued at $106,000. Acrospire Investment Management LLC bought a new position in Mastercard in the second quarter valued at $121,000. Finally, Horan Capital Advisors LLC. bought a new position in Mastercard in the third quarter valued at $131,000. 76.10% of the stock is currently owned by institutional investors.
Mastercard Inc (NYSE:MA) opened at $181.01 on Wednesday. Mastercard Inc has a 12 month low of $110.13 and a 12 month high of $183.73. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market cap of $191,919.64, a price-to-earnings ratio of 49.59, a PEG ratio of 1.68 and a beta of 1.17.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Friday, April 6th. Mastercard’s dividend payout ratio (DPR) is presently 27.40%.
Mastercard announced that its board has initiated a share repurchase 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 typically a sign that the company’s board believes its stock is undervalued.
MA has been the subject of a number of analyst reports. Vetr upgraded shares of Mastercard from a “sell” rating to a “hold” rating and set a $158.70 target price for the company in a report on Thursday, January 11th. Sandler O’Neill raised shares of Mastercard from a “sell” rating to a “hold” rating in a research note on Thursday, February 1st. Zacks Investment Research downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Piper Jaffray Companies raised their target price on shares of Mastercard from $208.00 to $212.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Finally, Cantor Fitzgerald lifted their price target on shares of Mastercard to $198.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. Mastercard currently has a consensus rating of “Buy” and a consensus price target of $177.40.
In related news, insider Edward Grunde Mclaughlin sold 17,167 shares of the firm’s 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 transaction, the insider now directly owns 47,901 shares in the company, valued at $7,271,850.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David R. Carlucci sold 5,950 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $183.10, for a total value of $1,089,445.00. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.
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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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