Mastercard Incorporated (NYSE:MA) Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC decreased its stake in Mastercard Incorporated (NYSE:MAFree Report) by 10.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,417 shares of the credit services provider’s stock after selling 1,689 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Mastercard were worth $6,149,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of MA. LFA Lugano Financial Advisors SA acquired a new position in Mastercard in the fourth quarter valued at approximately $27,000. Hibernia Wealth Partners LLC purchased a new stake in Mastercard in the third quarter valued at $27,000. Strategic Investment Solutions Inc. IL purchased a new position in Mastercard during the first quarter worth about $25,000. Bollard Group LLC acquired a new position in shares of Mastercard in the 2nd quarter worth approximately $29,000. Finally, Barometer Capital Management Inc. purchased a new position in shares of Mastercard during the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity at Mastercard

In related news, insider Ajay Bhalla sold 98 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $439.52, for a total transaction of $43,072.96. Following the transaction, the insider now owns 6,235 shares in the company, valued at $2,740,407.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Ajay Bhalla sold 98 shares of Mastercard stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $439.52, for a total value of $43,072.96. Following the transaction, the insider now owns 6,235 shares of the company’s stock, valued at approximately $2,740,407.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Venkata R. Madabhushi sold 16,037 shares of Mastercard stock in a transaction that occurred 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 in the company, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. Insiders have sold a total of 50,628 shares of company stock worth $23,309,067 over the last ninety days. 0.13% of the stock is currently owned by corporate insiders.

Mastercard Stock Performance

MA stock opened at $478.40 on Tuesday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.17. Mastercard Incorporated has a 1 year low of $355.97 and a 1 year high of $490.00. The stock’s fifty day moving average is $466.86 and its two-hundred day moving average is $427.90. The stock has a market capitalization of $446.29 billion, a price-to-earnings ratio of 40.44, a PEG ratio of 1.83 and a beta of 1.08.

Mastercard (NYSE:MAGet Free Report) last released its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share 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 for the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter in the previous year, the company posted $2.65 earnings per share. On average, research analysts predict that Mastercard Incorporated will post 14.35 EPS for the current year.

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

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

Analyst Ratings Changes

MA has been the subject of a number of research reports. Tigress Financial lifted their price objective on shares of Mastercard from $476.00 to $495.00 and gave the company a “strong-buy” rating in a report on Thursday, December 7th. Jefferies Financial Group increased their price objective on Mastercard from $425.00 to $480.00 and gave the company a “buy” rating in a research note on Tuesday, December 12th. Monness Crespi & Hardt initiated coverage on Mastercard in a research note on Wednesday, December 20th. They set a “neutral” rating for the company. Wells Fargo & Company lifted their price objective on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Finally, William Blair restated an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $479.62.

View Our Latest Stock Analysis on Mastercard

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.

Further Reading

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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