Yoder Wealth Management Inc. Buys Shares of 503 Mastercard Incorporated (NYSE:MA)

Yoder Wealth Management Inc. bought a new stake in Mastercard Incorporated (NYSE:MA) during the 4th quarter, Holdings Channel.com reports. The fund bought 503 shares of the credit services provider’s stock, valued at approximately $215,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MA. J.Safra Asset Management Corp boosted its holdings in Mastercard by 7.2% in the fourth quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock worth $209,000 after acquiring an additional 33 shares in the last quarter. Stanley Laman Group Ltd. boosted its holdings in Mastercard by 2.8% in the fourth quarter. Stanley Laman Group Ltd. now owns 11,248 shares of the credit services provider’s stock worth $4,797,000 after acquiring an additional 303 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Mastercard by 1.7% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 881,746 shares of the credit services provider’s stock worth $376,073,000 after acquiring an additional 15,098 shares in the last quarter. VCI Wealth Management LLC acquired a new stake in Mastercard in the fourth quarter worth about $991,000. Finally, Stevens Capital Management LP boosted its holdings in Mastercard by 91.7% in the fourth quarter. Stevens Capital Management LP now owns 4,251 shares of the credit services provider’s stock worth $1,813,000 after acquiring an additional 2,034 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Oppenheimer reaffirmed an “outperform” rating and set a $510.00 target price on shares of Mastercard in a report on Thursday, February 1st. KeyCorp lifted their target price on Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Wells Fargo & Company lifted their target price on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Evercore ISI lifted their target price on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Finally, Royal Bank of Canada lifted their target price on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $490.23.

Mastercard Price Performance

Shares of NYSE:MA traded up $0.31 during midday trading on Friday, hitting $462.42. The company’s stock had a trading volume of 1,963,273 shares, compared to its average volume of 2,212,406. The business’s 50 day simple moving average is $471.35 and its 200 day simple moving average is $436.10. 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 company has a market cap of $431.39 billion, a P/E ratio of 39.09, a price-to-earnings-growth ratio of 1.75 and a beta of 1.08. Mastercard Incorporated has a 12-month low of $357.85 and a 12-month high of $490.00.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.10. The firm had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. During the same period last year, the firm posted $2.65 earnings per share. On average, analysts forecast that Mastercard Incorporated will post 14.35 EPS for the current year.

Mastercard Announces Dividend

The firm 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 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio is currently 22.32%.

Insider Transactions at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $462.78, for a total transaction of $50,443,020.00. Following the transaction, the insider now directly owns 96,996,308 shares of the company’s stock, valued at $44,887,951,416.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Mastercard news, CEO Michael Miebach sold 7,851 shares of Mastercard stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the completion of the sale, the chief executive officer now directly owns 47,640 shares in the company, valued at $22,672,828.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $462.78, for a total transaction of $50,443,020.00. Following the completion of the transaction, the insider now owns 96,996,308 shares of the company’s stock, valued at approximately $44,887,951,416.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 366,630 shares of company stock valued at $168,746,490. Corporate insiders own 0.13% of the company’s stock.

About Mastercard

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.