Three Seasons Wealth LLC Acquires New Holdings in Mastercard Incorporated (NYSE:MA)

Three Seasons Wealth LLC purchased a new stake in Mastercard Incorporated (NYSE:MA) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 4,468 shares of the credit services provider’s stock, valued at approximately $2,353,000. Mastercard accounts for 1.1% of Three Seasons Wealth LLC’s holdings, making the stock its 24th biggest holding.

Several other institutional investors have also recently made changes to their positions in MA. Cardano Risk Management B.V. raised its position in shares of Mastercard by 2.7% during the 4th quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider’s stock valued at $194,141,000 after buying an additional 9,611 shares in the last quarter. Dock Street Asset Management Inc. boosted its holdings in shares of Mastercard by 4.5% in the 4th quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider’s stock worth $35,932,000 after purchasing an additional 2,931 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Mastercard by 15.6% during the 4th quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider’s stock valued at $1,325,353,000 after buying an additional 337,905 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Mastercard by 4.8% in the third quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock worth $1,497,160,000 after buying an additional 138,842 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in Mastercard by 1.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider’s stock valued at $37,841,000 after acquiring an additional 1,194 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research note on Friday, January 31st. The Goldman Sachs Group reissued a “buy” rating and set a $633.00 price target on shares of Mastercard in a research report on Wednesday, April 2nd. Citigroup upped their price objective on shares of Mastercard from $584.00 to $650.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Susquehanna raised their target price on Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. Finally, Seaport Res Ptn lowered Mastercard from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $607.96.

Insider Buying and Selling at Mastercard

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

Mastercard Trading Up 1.1 %

Shares of NYSE:MA opened at $535.66 on Friday. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $582.23. The stock’s fifty day moving average price is $534.74 and its 200-day moving average price is $529.64. The company has a market cap of $488.37 billion, a P/E ratio of 38.56, a PEG ratio of 2.37 and a beta of 1.06. 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 issued its quarterly earnings data 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%. Sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

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

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.