Mastercard Incorporated (NYSE:MA) is Marshall & Sullivan Inc. WA’s 7th Largest Position

Marshall & Sullivan Inc. WA lessened its stake in shares of Mastercard Incorporated (NYSE:MAFree Report) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,282 shares of the credit services provider’s stock after selling 299 shares during the quarter. Mastercard accounts for about 3.4% of Marshall & Sullivan Inc. WA’s holdings, making the stock its 7th biggest holding. Marshall & Sullivan Inc. WA’s holdings in Mastercard were worth $6,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the stock. Bornite Capital Management LP acquired a new stake in shares of Mastercard during the first quarter worth about $21,442,000. United Bank raised its holdings in Mastercard by 34.5% in the first quarter. United Bank now owns 6,007 shares of the credit services provider’s stock valued at $2,147,000 after acquiring an additional 1,541 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Mastercard by 30.1% in the first quarter. Mackenzie Financial Corp now owns 272,358 shares of the credit services provider’s stock valued at $97,335,000 after acquiring an additional 63,040 shares in the last quarter. First Western Trust Bank acquired a new stake in Mastercard in the first quarter valued at approximately $1,168,000. Finally, Bridgewater Associates LP acquired a new stake in Mastercard in the first quarter valued at approximately $12,926,000. Hedge funds and other institutional investors own 74.94% of the company’s stock.

Mastercard Price Performance

Mastercard stock opened at $487.94 on Thursday. Mastercard Incorporated has a one year low of $346.31 and a one year high of $488.45. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.17. The business has a fifty day moving average of $457.77 and a two-hundred day moving average of $423.69. The company has a market cap of $455.19 billion, a P/E ratio of 41.25, a price-to-earnings-growth ratio of 1.84 and a beta of 1.08.

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

Mastercard Dividend Announcement

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

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

Analyst Upgrades and Downgrades

MA has been the topic of several analyst reports. Wells Fargo & Company raised their target price on shares of Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Jefferies Financial Group raised their target price on shares of Mastercard from $425.00 to $480.00 and gave the company a “buy” rating in a report on Tuesday, December 12th. Monness Crespi & Hardt started coverage on shares of Mastercard in a research note on Wednesday, December 20th. They issued a “neutral” rating on the stock. Mizuho increased their price target on shares of Mastercard from $462.00 to $480.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Finally, Royal Bank of Canada increased their price target on shares of Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and an average target price of $476.35.

View Our Latest Research Report on Mastercard

Insider Transactions at Mastercard

In other news, CMO Venkata R. Madabhushi sold 16,037 shares of Mastercard stock in a transaction on Friday, March 1st. The stock was 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 of the company’s stock, valued at approximately $5,832,644.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CMO Venkata R. Madabhushi sold 16,037 shares of the business’s stock in a transaction dated 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 transaction, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ajay Bhalla sold 98 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $439.52, for a total transaction of $43,072.96. Following the completion of the transaction, the insider now directly owns 6,235 shares of the company’s stock, valued at approximately $2,740,407.20. The disclosure for this sale can be found here. Insiders sold 50,428 shares of company stock valued at $23,211,617 in the last 90 days. 0.13% of the stock is currently owned by insiders.

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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