Mastercard (MA) Shares Bought by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Mastercard (NYSE:MA) by 0.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,838,638 shares of the credit services provider’s stock after buying an additional 17,865 shares during the period. Mastercard accounts for approximately 0.6% of Sumitomo Mitsui Trust Holdings Inc.’s portfolio, making the stock its 29th largest position. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Mastercard were worth $497,216,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. lifted its holdings in Mastercard by 3.3% in the fourth quarter. BlackRock Inc. now owns 63,345,804 shares of the credit services provider’s stock worth $9,588,019,000 after buying an additional 2,000,290 shares during the period. Jennison Associates LLC increased its stake in shares of Mastercard by 0.5% during the fourth quarter. Jennison Associates LLC now owns 15,246,959 shares of the credit services provider’s stock valued at $2,307,780,000 after purchasing an additional 82,024 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Mastercard by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 10,930,672 shares of the credit services provider’s stock valued at $1,651,362,000 after purchasing an additional 396,897 shares in the last quarter. Magellan Asset Management Ltd increased its stake in shares of Mastercard by 4.9% during the fourth quarter. Magellan Asset Management Ltd now owns 8,385,649 shares of the credit services provider’s stock valued at $1,269,252,000 after purchasing an additional 388,146 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in shares of Mastercard by 0.8% during the fourth quarter. TIAA CREF Investment Management LLC now owns 6,524,719 shares of the credit services provider’s stock valued at $987,581,000 after purchasing an additional 54,439 shares in the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

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MA has been the subject of a number of analyst reports. Credit Suisse Group reaffirmed a “hold” rating and set a $164.00 target price on shares of Mastercard in a research note on Monday, January 8th. Wells Fargo reaffirmed an “outperform” rating and set a $178.00 target price (up previously from $167.00) on shares of Mastercard in a research note on Tuesday, January 9th. Vetr raised shares of Mastercard from a “sell” rating to a “hold” rating and set a $158.70 target price for the company in a research note on Thursday, January 11th. Cowen reaffirmed a “buy” rating and set a $171.00 target price on shares of Mastercard in a research note on Friday, January 12th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $182.00 target price (up previously from $170.00) on shares of Mastercard in a research note on Friday, January 19th. Two equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $185.33.

In related news, General Counsel Timothy H. Murphy sold 30,628 shares of the firm’s stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $180.44, for a total value of $5,526,516.32. Following the sale, the general counsel now owns 59,907 shares in the company, valued at $10,809,619.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David R. Carlucci sold 5,950 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $183.10, for a total transaction of $1,089,445.00. The disclosure for this sale can be found here. Insiders sold 306,209 shares of company stock worth $56,620,393 in the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

Shares of MA stock opened at $188.17 on Friday. Mastercard has a 12-month low of $115.55 and a 12-month high of $188.79. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.57 and a current ratio of 1.64. The company has a market capitalization of $197,838.94, a P/E ratio of 41.09, a P/E/G ratio of 1.64 and a beta of 1.17.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, May 2nd. The credit services provider reported $1.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.25. Mastercard had a net margin of 32.42% and a return on equity of 91.56%. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter last year, the company posted $1.01 earnings per share. The firm’s quarterly revenue was up 30.9% on a year-over-year basis. equities analysts predict that Mastercard will post 6.17 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Friday, April 6th. Mastercard’s dividend payout ratio is currently 21.83%.

About Mastercard

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 related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)