Mastercard Incorporated (NYSE:MA) Shares Purchased by TRUE Private Wealth Advisors

TRUE Private Wealth Advisors boosted its stake in Mastercard Incorporated (NYSE:MA) by 5.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 440 shares of the credit services provider’s stock after purchasing an additional 22 shares during the period. TRUE Private Wealth Advisors’ holdings in Mastercard were worth $232,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewSquare Capital LLC purchased a new stake in shares of Mastercard in the 4th quarter valued at $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Mastercard during the fourth quarter worth approximately $32,000. Marshall Investment Management LLC acquired a new stake in shares of Mastercard in the 4th quarter valued at $30,000. Truvestments Capital LLC boosted its position in shares of Mastercard by 62.5% during the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 25 shares in the last quarter. Finally, FPC Investment Advisory Inc. boosted its holdings in shares of Mastercard by 483.3% in the 4th quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock valued at $39,000 after buying an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 7.5 %

MA stock opened at $515.90 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The company has a market cap of $470.35 billion, a price-to-earnings ratio of 37.14, a PEG ratio of 2.37 and a beta of 1.06. The business has a fifty day simple moving average of $545.10 and a 200-day simple moving average of $528.04. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $582.23.

Mastercard (NYSE:MA) last announced its quarterly 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 research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard declared that its board has approved a stock buyback plan on Tuesday, December 17th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the credit services provider to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 34,524 shares of the company’s stock, valued at $18,459,292.32. This trade represents a 17.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Miebach sold 15,775 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 84,871 shares of the company’s stock, valued at approximately $46,692,629.36. This represents a 15.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Susquehanna boosted 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. Monness Crespi & Hardt downgraded Mastercard from a “buy” rating to a “neutral” rating in a research note on Wednesday. Wells Fargo & Company boosted their target price on Mastercard from $585.00 to $625.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. lifted their price target on Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Barclays increased their price objective on shares of Mastercard from $595.00 to $650.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $607.96.

Mastercard Company Profile

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.