Carderock Capital Management Inc. Grows Stock Position in Mastercard Incorporated (NYSE:MA)

Carderock Capital Management Inc. increased its holdings in shares of Mastercard Incorporated (NYSE:MAFree Report) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,748 shares of the credit services provider’s stock after purchasing an additional 125 shares during the period. Mastercard makes up 3.7% of Carderock Capital Management Inc.’s portfolio, making the stock its 2nd biggest position. Carderock Capital Management Inc.’s holdings in Mastercard were worth $13,541,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MA. Norges Bank acquired a new position in shares of Mastercard during the 4th quarter worth approximately $3,308,223,000. Moneta Group Investment Advisors LLC lifted its position 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 buying an additional 5,977,885 shares during the last quarter. Morgan Stanley lifted its position 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 buying an additional 2,385,640 shares during the last quarter. Barclays PLC lifted its position 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 buying an additional 1,755,483 shares during the last quarter. Finally, State Street Corp lifted its position 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 buying an additional 1,303,477 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Down 0.4 %

Shares of NYSE:MA opened at $477.42 on Thursday. Mastercard Incorporated has a 52-week low of $355.97 and a 52-week high of $490.00. 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’s 50 day simple moving average is $468.44 and its two-hundred day simple moving average is $428.70. The firm has a market cap of $445.38 billion, a P/E ratio of 40.36, a PEG ratio of 1.82 and a beta of 1.08.

Mastercard (NYSE:MAGet Free Report) last posted its 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 analyst estimates of $6.46 billion. During the same quarter last year, the company earned $2.65 earnings per share. As a group, research analysts forecast that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be issued a $0.66 dividend. The ex-dividend date is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard’s dividend payout ratio is presently 22.32%.

Insider Activity

In related news, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the stock in a transaction that occurred on 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 sale, the chief marketing officer now directly owns 12,255 shares of the company’s stock, valued at $5,832,644.70. The disclosure for this sale can be found here. Insiders have sold 50,628 shares of company stock worth $23,309,067 over the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on MA. Royal Bank of Canada upped 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. Mizuho reissued a “buy” rating and issued a $480.00 price target on shares of Mastercard in a research note on Wednesday, March 27th. William Blair reissued an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Tigress Financial increased their price target on Mastercard from $476.00 to $495.00 and gave the company a “strong-buy” rating in a research note on Thursday, December 7th. Finally, Evercore ISI raised their target price on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Two analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $481.95.

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Mastercard Profile

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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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