Brown Advisory Inc. decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 42.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,643,417 shares of the credit services provider’s stock after selling 1,917,198 shares during the quarter. Mastercard accounts for 1.2% of Brown Advisory Inc.’s portfolio, making the stock its 23rd largest position. Brown Advisory Inc.’s holdings in Mastercard were worth $373,251,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Boys Arnold & Co. Inc. boosted its holdings in Mastercard by 7.8% in the second quarter. Boys Arnold & Co. Inc. now owns 5,006 shares of the credit services provider’s stock worth $608,000 after purchasing an additional 363 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in Mastercard in the second quarter worth approximately $2,351,000. Baldwin Investment Management LLC boosted its holdings in Mastercard by 5.9% in the second quarter. Baldwin Investment Management LLC now owns 3,600 shares of the credit services provider’s stock worth $437,000 after purchasing an additional 200 shares during the last quarter. Captrust Financial Advisors purchased a new stake in Mastercard in the second quarter worth approximately $172,000. Finally, Royal Bank of Canada boosted its holdings in Mastercard by 1.2% in the second quarter. Royal Bank of Canada now owns 4,136,794 shares of the credit services provider’s stock worth $502,413,000 after purchasing an additional 50,050 shares during the last quarter. Hedge funds and other institutional investors own 75.61% of the company’s stock.

Shares of Mastercard Incorporated (MA) opened at $166.83 on Friday. The company has a market cap of $176,620.00, a price-to-earnings ratio of 38.89, a PEG ratio of 1.87 and a beta of 1.21. Mastercard Incorporated has a 52-week low of $104.01 and a 52-week high of $166.95. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.11. The firm had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The company’s revenue was up 18.1% on a year-over-year basis. During the same period last year, the firm earned $1.08 EPS. analysts anticipate that Mastercard Incorporated will post 4.55 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 9th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.60%. This is an increase from Mastercard’s previous quarterly dividend of $0.22. The ex-dividend date is Monday, January 8th. Mastercard’s dividend payout ratio (DPR) is presently 23.31%.

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

MA has been the topic of several research reports. Mizuho upgraded shares of Mastercard from a “neutral” rating to a “buy” rating in a report on Thursday, January 4th. Citigroup raised their target price on shares of Mastercard from $157.00 to $167.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Zacks Investment Research cut shares of Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. SunTrust Banks raised their target price on shares of Mastercard to $180.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Finally, Wells Fargo & Co upgraded shares of Mastercard from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $130.00 to $160.00 in a report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $162.22.

In other news, insider Edward Grunde Mclaughlin sold 17,167 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the sale, the insider now directly owns 47,901 shares in the company, valued at approximately $7,271,850.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is owned by company insiders.

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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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