True North Advisors LLC Has $646,000 Position in Mastercard Incorporated (NYSE:MA)

True North Advisors LLC lifted its holdings in Mastercard Incorporated (NYSE:MAFree Report) by 11.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,515 shares of the credit services provider’s stock after buying an additional 152 shares during the period. True North Advisors LLC’s holdings in Mastercard were worth $646,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Hibernia Wealth Partners LLC acquired a new stake in shares of Mastercard during the 3rd quarter valued at $27,000. Strategic Investment Solutions Inc. IL acquired a new position in Mastercard in the 1st quarter worth about $25,000. Bollard Group LLC acquired a new stake in shares of Mastercard during the 2nd quarter valued at about $29,000. Barometer Capital Management Inc. bought a new stake in shares of Mastercard in the 3rd quarter valued at approximately $36,000. Finally, Mascoma Wealth Management LLC acquired a new position in Mastercard in the third quarter worth approximately $38,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Down 0.7 %

Shares of NYSE MA opened at $478.40 on Tuesday. The business has a fifty day moving average of $466.08 and a two-hundred day moving average of $427.44. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.17. Mastercard Incorporated has a 52-week low of $355.97 and a 52-week high of $490.00. The stock has a market cap of $446.29 billion, a PE ratio of 40.44, a PEG ratio of 1.83 and a beta of 1.08.

Mastercard (NYSE:MAGet Free Report) last issued its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The firm had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the prior year, the firm earned $2.65 earnings per share. As a group, equities research analysts expect that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard declared that its Board of Directors has initiated a share repurchase plan on Tuesday, December 5th that allows the company to repurchase $11.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to purchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be given a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 annualized dividend and a yield of 0.55%. Mastercard’s payout ratio is 22.32%.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the sale, the insider now owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CMO Venkata R. Madabhushi sold 16,037 shares of Mastercard stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the completion of the sale, the chief marketing officer now directly owns 12,255 shares in the company, valued at $5,832,644.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the transaction, the insider now directly owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,628 shares of company stock valued at $23,309,067. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on MA shares. William Blair restated an “outperform” rating on shares of Mastercard in a report on Wednesday, January 31st. Monness Crespi & Hardt started coverage on Mastercard in a report on Wednesday, December 20th. They set a “neutral” rating on the stock. Tigress Financial boosted their price objective on shares of Mastercard from $476.00 to $495.00 and gave the stock a “strong-buy” rating in a research note on Thursday, December 7th. Royal Bank of Canada raised their target price on shares of Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, Jefferies Financial Group lifted their price objective on Mastercard from $425.00 to $480.00 and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Two equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $479.62.

Get Our Latest Research Report on MA

About Mastercard

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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