2,178 Shares in Mastercard Incorporated (NYSE:MA) Purchased by Cypress Advisory Group LLC

Cypress Advisory Group LLC bought a new position in Mastercard Incorporated (NYSE:MA) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 2,178 shares of the credit services provider’s stock, valued at approximately $1,147,000.

Several other large investors have also recently modified their holdings of MA. Itau Unibanco Holding S.A. raised its position in Mastercard by 338.8% in the 4th quarter. Itau Unibanco Holding S.A. now owns 860 shares of the credit services provider’s stock worth $453,000 after purchasing an additional 664 shares during the period. Keel Point LLC lifted its position in shares of Mastercard by 8.7% during the fourth quarter. Keel Point LLC now owns 4,492 shares of the credit services provider’s stock worth $2,365,000 after purchasing an additional 359 shares during the last quarter. FAS Wealth Partners Inc. lifted its holdings in Mastercard by 7.9% during the 4th quarter. FAS Wealth Partners Inc. now owns 1,027 shares of the credit services provider’s stock valued at $541,000 after buying an additional 75 shares in the last quarter. Peterson Wealth Management raised its stake in shares of Mastercard by 1.5% during the fourth quarter. Peterson Wealth Management now owns 10,929 shares of the credit services provider’s stock valued at $5,755,000 after acquiring an additional 158 shares in the last quarter. Finally, Freestone Grove Partners LP purchased a new stake in shares of Mastercard in the fourth quarter valued at approximately $2,192,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MA. The Goldman Sachs Group reaffirmed a “buy” rating and set a $633.00 target price on shares of Mastercard in a research report on Wednesday, April 2nd. Barclays boosted their price target on shares of Mastercard from $595.00 to $650.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Piper Sandler reiterated an “overweight” rating and issued a $635.00 target price (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Evercore ISI began coverage on Mastercard in a research note on Wednesday, April 9th. They set an “in-line” rating and a $550.00 target price on the stock. Finally, UBS Group lifted their price target on Mastercard from $600.00 to $660.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $607.96.

Mastercard Price Performance

Shares of MA stock opened at $547.58 on Thursday. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $582.23. 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 company has a market capitalization of $499.23 billion, a PE ratio of 39.42, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. The firm’s 50-day moving average is $532.68 and its two-hundred day moving average is $530.73.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, beating analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Wednesday, April 9th. Mastercard’s dividend payout ratio is presently 21.89%.

Insider Buying and Selling at Mastercard

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

Mastercard 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.