Mastercard Incorporated (NYSE:MA) Shares Sold by Dupont Capital Management Corp

Dupont Capital Management Corp decreased its holdings in Mastercard Incorporated (NYSE:MAFree Report) by 4.8% in the fourth quarter, Holdings Channel reports. The firm owned 60,951 shares of the credit services provider’s stock after selling 3,100 shares during the period. Mastercard comprises about 2.3% of Dupont Capital Management Corp’s portfolio, making the stock its 10th largest position. Dupont Capital Management Corp’s holdings in Mastercard were worth $25,996,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in MA. FAS Wealth Partners Inc. raised its stake in Mastercard by 20.3% in the 4th quarter. FAS Wealth Partners Inc. now owns 628 shares of the credit services provider’s stock worth $268,000 after acquiring an additional 106 shares during the last quarter. Welch Group LLC raised its stake in Mastercard by 1.2% in the 4th quarter. Welch Group LLC now owns 12,600 shares of the credit services provider’s stock worth $5,374,000 after acquiring an additional 150 shares during the last quarter. Bell Bank raised its stake in Mastercard by 12.0% in the 4th quarter. Bell Bank now owns 3,442 shares of the credit services provider’s stock worth $1,468,000 after acquiring an additional 370 shares during the last quarter. Builder Investment Group Inc. ADV purchased a new position in Mastercard in the 4th quarter worth $212,000. Finally, First Citizens Bank & Trust Co. raised its stake in Mastercard by 36.5% in the 4th quarter. First Citizens Bank & Trust Co. now owns 31,966 shares of the credit services provider’s stock worth $13,634,000 after acquiring an additional 8,551 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other news, insider Craig Vosburg sold 8,900 shares of the firm’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $430.26, for a total value of $3,829,314.00. Following the transaction, the insider now owns 46,491 shares of the company’s stock, valued at approximately $20,003,217.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Craig Vosburg sold 8,900 shares of the firm’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $430.26, for a total value of $3,829,314.00. Following the transaction, the insider now owns 46,491 shares of the company’s stock, valued at approximately $20,003,217.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the completion of the transaction, the chief marketing officer now directly owns 12,255 shares in the company, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. Insiders have sold a total of 50,628 shares of company stock worth $23,309,067 in the last quarter. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MA shares. Evercore ISI raised their target price on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Jefferies Financial Group lifted their price objective on Mastercard from $425.00 to $480.00 and gave the company a “buy” rating in a research note on Tuesday, December 12th. Oppenheimer reiterated an “outperform” rating and set a $510.00 price objective on shares of Mastercard in a research note on Thursday, February 1st. The Goldman Sachs Group lifted their price objective on Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Finally, Tigress Financial lifted their price objective on Mastercard from $476.00 to $495.00 and gave the company a “strong-buy” rating in a research note on Thursday, December 7th. Two analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $479.62.

Check Out Our Latest Stock Analysis on MA

Mastercard Stock Up 0.2 %

Shares of MA opened at $479.43 on Wednesday. The firm has a market cap of $447.26 billion, a PE ratio of 40.53, a price-to-earnings-growth ratio of 1.82 and a beta of 1.08. The company’s fifty day moving average is $466.86 and its two-hundred day moving average is $427.90. Mastercard Incorporated has a fifty-two week low of $355.97 and a fifty-two week high of $490.00. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06.

Mastercard (NYSE:MAGet Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.10. The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.46 billion. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. During the same quarter last year, the business earned $2.65 EPS. Analysts forecast that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard announced that its board has initiated a stock buyback program on Tuesday, December 5th that permits the company to buyback $11.00 billion in outstanding shares. This buyback authorization permits the credit services provider to buy up to 2.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is presently 22.32%.

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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