16,175 Shares in Mastercard Incorporated (NYSE:MA) Bought by Burling Wealth Partners LLC

Burling Wealth Partners LLC acquired a new position in shares of Mastercard Incorporated (NYSE:MA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 16,175 shares of the credit services provider’s stock, valued at approximately $8,517,000. Mastercard comprises about 1.7% of Burling Wealth Partners LLC’s portfolio, making the stock its 13th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in MA. J. Stern & Co. LLP lifted its position in shares of Mastercard by 5.4% during the 4th quarter. J. Stern & Co. LLP now owns 121,185 shares of the credit services provider’s stock worth $63,812,000 after buying an additional 6,183 shares in the last quarter. RiverPark Advisors LLC increased its position in shares of Mastercard by 72.1% during the fourth quarter. RiverPark Advisors LLC now owns 7,861 shares of the credit services provider’s stock valued at $4,139,000 after acquiring an additional 3,294 shares during the last quarter. Coppell Advisory Solutions LLC lifted its holdings in Mastercard by 224.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 458 shares of the credit services provider’s stock worth $241,000 after acquiring an additional 317 shares during the period. CSM Advisors LLC boosted its position in Mastercard by 32.9% in the fourth quarter. CSM Advisors LLC now owns 651 shares of the credit services provider’s stock worth $342,000 after purchasing an additional 161 shares during the last quarter. Finally, Symmetry Investments LP bought a new position in Mastercard in the 4th quarter valued at $12,471,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on MA shares. Seaport Res Ptn cut Mastercard from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Tigress Financial reiterated a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. The Goldman Sachs Group reissued a “buy” rating and issued a $633.00 target price on shares of Mastercard in a research report on Wednesday, April 2nd. Susquehanna upped their price target on Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a research report on Friday, January 31st. Finally, Piper Sandler reissued an “overweight” rating and issued a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and a consensus target price of $607.96.

Insider Activity at Mastercard

In related news, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the transaction, the chief executive officer now owns 84,871 shares in the company, valued at $46,692,629.36. This trade represents a 15.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the sale, the insider now owns 34,524 shares of the company’s stock, valued at approximately $18,459,292.32. The trade was a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Mastercard Price Performance

MA stock opened at $530.11 on Thursday. The firm has a 50 day simple moving average of $535.32 and a two-hundred day simple moving average of $529.34. The stock has a market cap of $483.31 billion, a PE ratio of 38.16, a P/E/G ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a one year low of $428.86 and a one year high of $582.23. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. On average, analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.57%. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

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.