Beck Mack & Oliver LLC Acquires 685 Shares of Mastercard Incorporated (NYSE:MA)

Beck Mack & Oliver LLC increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 97,066 shares of the credit services provider’s stock after acquiring an additional 685 shares during the quarter. Beck Mack & Oliver LLC’s holdings in Mastercard were worth $51,112,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. BOS Asset Management LLC grew its holdings in Mastercard by 7.4% during the fourth quarter. BOS Asset Management LLC now owns 1,451 shares of the credit services provider’s stock valued at $764,000 after purchasing an additional 100 shares during the period. Capital International Inc. CA lifted its position in shares of Mastercard by 5.8% during the 4th quarter. Capital International Inc. CA now owns 180,494 shares of the credit services provider’s stock valued at $95,043,000 after buying an additional 9,825 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Mastercard by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,175,608 shares of the credit services provider’s stock worth $2,198,756,000 after acquiring an additional 17,549 shares during the period. Dnca Finance increased its holdings in Mastercard by 109.1% in the 4th quarter. Dnca Finance now owns 29,900 shares of the credit services provider’s stock worth $15,744,000 after acquiring an additional 15,600 shares during the last quarter. Finally, Elevatus Welath Management raised its stake in Mastercard by 42.7% in the 4th quarter. Elevatus Welath Management now owns 990 shares of the credit services provider’s stock valued at $521,000 after acquiring an additional 296 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

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

Mastercard Stock Performance

Shares of MA stock opened at $517.46 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The company’s fifty day moving average price is $537.86 and its 200-day moving average price is $528.79. The stock has a market cap of $471.77 billion, a PE ratio of 37.25, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $582.23.

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

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be paid a $0.76 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.59%. Mastercard’s dividend payout ratio is currently 21.89%.

Analysts Set New Price Targets

MA has been the subject of a number of analyst reports. Raymond James reaffirmed an “outperform” rating and issued a $640.00 price target (up from $614.00) on shares of Mastercard in a report on Friday, January 31st. Macquarie upped their price objective on Mastercard from $565.00 to $645.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. UBS Group increased their target price on shares of Mastercard from $600.00 to $660.00 and gave the company a “buy” rating in a report on Friday, January 31st. Evercore ISI assumed coverage on Mastercard in a research report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price target on the stock. Finally, William Blair reissued an “outperform” rating on shares of Mastercard in a research note on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $607.96.

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.