Mastercard Incorporated (NYSE:MA) Shares Purchased by Capital International Ltd. CA

Capital International Ltd. CA increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 53,922 shares of the credit services provider’s stock after buying an additional 2,587 shares during the quarter. Mastercard comprises 1.2% of Capital International Ltd. CA’s holdings, making the stock its 24th largest position. Capital International Ltd. CA’s holdings in Mastercard were worth $28,394,000 as of its most recent filing with the SEC.

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

Mastercard Stock Up 0.8 %

Mastercard stock opened at $517.46 on Friday. The stock has a market cap of $471.77 billion, a PE ratio of 37.25, a P/E/G 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. The stock’s fifty day moving average is $538.81 and its two-hundred day moving average is $528.64. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $582.23.

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

Mastercard Dividend Announcement

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 issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Wednesday, April 9th. Mastercard’s payout ratio is 21.89%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MA. KeyCorp boosted their price objective on shares of Mastercard from $600.00 to $630.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Tigress Financial reissued a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. Morgan Stanley decreased their price objective on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Seaport Res Ptn downgraded shares of Mastercard from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Oppenheimer decreased their price target on Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $607.96.

Insider Activity

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction that occurred 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 owns 34,524 shares in the company, valued at $18,459,292.32. This trade represents a 17.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Miebach sold 15,775 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 84,871 shares of the company’s stock, valued at approximately $46,692,629.36. This represents a 15.67 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

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.