Denver Wealth Management Inc. Has $299,000 Stake in Mastercard Incorporated (NYSE:MA)

Denver Wealth Management Inc. decreased its holdings in Mastercard Incorporated (NYSE:MAFree Report) by 3.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 701 shares of the credit services provider’s stock after selling 25 shares during the quarter. Denver Wealth Management Inc.’s holdings in Mastercard were worth $299,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Activest Wealth Management raised its position in shares of Mastercard by 87.4% in the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after buying an additional 250 shares in the last quarter. Mendel Money Management grew its holdings in shares of Mastercard by 1.8% during the 2nd quarter. Mendel Money Management now owns 2,133 shares of the credit services provider’s stock valued at $839,000 after purchasing an additional 37 shares during the last quarter. Everett Harris & Co. CA grew its holdings in shares of Mastercard by 0.5% during the 4th quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock valued at $21,129,000 after purchasing an additional 252 shares during the last quarter. Atlantic Union Bankshares Corp grew its holdings in shares of Mastercard by 23.9% during the 4th quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock valued at $5,171,000 after purchasing an additional 2,337 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC grew its holdings in shares of Mastercard by 1.5% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 42,752 shares of the credit services provider’s stock valued at $18,041,000 after purchasing an additional 612 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Down 0.4 %

Mastercard stock opened at $477.42 on Thursday. 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 12-month low of $355.97 and a 12-month high of $490.00. The firm’s fifty day moving average is $468.44 and its 200 day moving average is $428.70. The company has a market capitalization of $445.38 billion, a PE ratio of 40.36, a PEG ratio of 1.82 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The company had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the previous year, the company earned $2.65 EPS. As a group, sell-side analysts predict 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. Investors of record on Tuesday, April 9th will be given a dividend of $0.66 per share. 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 payout ratio is presently 22.32%.

Insider Activity at Mastercard

In related news, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the transaction, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Mastercard news, CMO Venkata R. Madabhushi sold 16,037 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the transaction, the chief marketing officer now owns 12,255 shares in the company, valued at $5,832,644.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 200 shares of the company’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 transaction, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The disclosure for this sale can be found here. Insiders have sold 50,628 shares of company stock worth $23,309,067 in the last quarter. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MA shares. Tigress Financial lifted their price target 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. The Goldman Sachs Group lifted their price target on shares of Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Mizuho reaffirmed a “buy” rating and set a $480.00 price target on shares of Mastercard in a report on Wednesday, March 27th. BMO Capital Markets lifted their price target on shares of Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, Raymond James lifted their price target on shares of Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Two research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $481.95.

Get 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.

See Also

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAFree Report).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.