Integrated Investment Consultants LLC Buys Shares of 476 Mastercard Incorporated (NYSE:MA)

Integrated Investment Consultants LLC bought a new stake in Mastercard Incorporated (NYSE:MAFree Report) during the fourth quarter, Holdings Channel.com reports. The fund bought 476 shares of the credit services provider’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Mastercard during the 4th quarter worth approximately $3,308,223,000. Moneta Group Investment Advisors LLC grew its holdings in shares of Mastercard by 111,819.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,983,231 shares of the credit services provider’s stock worth $2,080,549,000 after purchasing an additional 5,977,885 shares in the last quarter. Morgan Stanley grew its holdings in shares of Mastercard by 17.7% during the 4th quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock worth $5,509,328,000 after purchasing an additional 2,385,640 shares in the last quarter. Barclays PLC grew its holdings in shares of Mastercard by 145.7% during the 2nd quarter. Barclays PLC now owns 2,960,242 shares of the credit services provider’s stock worth $1,164,263,000 after purchasing an additional 1,755,483 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Mastercard by 3.9% during the 1st quarter. State Street Corp now owns 34,759,814 shares of the credit services provider’s stock worth $12,632,032,000 after purchasing an additional 1,303,477 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity

In related news, insider Craig Vosburg sold 8,900 shares of the firm’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $430.26, for a total transaction of $3,829,314.00. Following the completion of the transaction, the insider now directly owns 46,491 shares of the company’s stock, valued at approximately $20,003,217.66. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the transaction, the insider now directly owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 8,900 shares of Mastercard stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $430.26, for a total value of $3,829,314.00. Following the completion of the transaction, the insider now directly owns 46,491 shares of the company’s stock, valued at $20,003,217.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,628 shares of company stock worth $23,309,067. Insiders own 0.13% of the company’s stock.

Mastercard Trading Up 0.7 %

Shares of Mastercard stock traded up $3.31 during trading on Wednesday, reaching $482.74. 232,694 shares of the company were exchanged, compared to its average volume of 2,407,257. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06. Mastercard Incorporated has a twelve month low of $355.97 and a twelve month high of $490.00. The business has a 50-day moving average price of $467.67 and a 200-day moving average price of $428.36. The firm has a market capitalization of $450.34 billion, a price-to-earnings ratio of 40.53, a P/E/G ratio of 1.82 and a beta of 1.08.

Mastercard (NYSE:MAGet Free Report) last announced its quarterly 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. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The company had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the prior year, the company earned $2.65 EPS. Sell-side analysts anticipate that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard declared that its board has authorized a stock buyback program on Tuesday, December 5th that allows the company to repurchase $11.00 billion in shares. This repurchase authorization allows the credit services provider to purchase up to 2.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Mastercard Announces Dividend

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 $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s payout ratio is 22.32%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Monness Crespi & Hardt assumed coverage on Mastercard in a research note on Wednesday, December 20th. They issued a “neutral” rating on the stock. Mizuho reaffirmed a “buy” rating and issued a $480.00 price target on shares of Mastercard in a research note on Wednesday, March 27th. The Goldman Sachs Group boosted their price target on Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Evercore ISI lifted their price objective on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $510.00 price objective on shares of Mastercard in a research report on Thursday, February 1st. Two research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $481.95.

View Our Latest Stock Report on MA

About Mastercard

(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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