16,175 Shares in Mastercard Incorporated (NYSE:MA) Purchased by Burling Wealth Partners LLC

Burling Wealth Partners LLC acquired a new stake in Mastercard Incorporated (NYSE:MA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 16,175 shares of the credit services provider's stock, valued at approximately $8,517,000. Mastercard accounts for about 1.7% of Burling Wealth Partners LLC's investment portfolio, making the stock its 13th largest holding.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MA. J. Stern & Co. LLP grew its position in Mastercard by 5.4% during the fourth quarter. J. Stern & Co. LLP now owns 121,185 shares of the credit services provider's stock worth $63,812,000 after buying an additional 6,183 shares in the last quarter. RiverPark Advisors LLC grew its holdings in shares of Mastercard by 72.1% during the 4th quarter. RiverPark Advisors LLC now owns 7,861 shares of the credit services provider's stock worth $4,139,000 after purchasing an additional 3,294 shares in the last quarter. Coppell Advisory Solutions LLC increased its position in shares of Mastercard by 224.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 458 shares of the credit services provider's stock worth $241,000 after purchasing an additional 317 shares during the period. CSM Advisors LLC raised its stake in Mastercard by 32.9% in the fourth quarter. CSM Advisors LLC now owns 651 shares of the credit services provider's stock valued at $342,000 after purchasing an additional 161 shares in the last quarter. Finally, Symmetry Investments LP bought a new stake in Mastercard during the fourth quarter worth about $12,471,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Macquarie raised their target price on shares of Mastercard from $565.00 to $645.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Citigroup boosted their target price on Mastercard from $584.00 to $650.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. The Goldman Sachs Group restated a "buy" rating and issued a $633.00 price target on shares of Mastercard in a research note on Wednesday, April 2nd. Piper Sandler reiterated an "overweight" rating and set a $635.00 price objective (up from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Finally, Tigress Financial reaffirmed a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $607.96.

Insider Buying and Selling at Mastercard

In other Mastercard news, 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 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 trade represents a 15.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the company'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 value of $3,813,337.76. Following the transaction, the insider now directly owns 34,524 shares in the company, valued at $18,459,292.32. The trade was a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Mastercard Stock Up 0.5 %

Shares of Mastercard stock opened at $530.11 on Thursday. The stock's 50-day moving average is $535.32 and its 200 day moving average is $529.34. Mastercard Incorporated has a one year low of $428.86 and a one year high of $582.23. The firm has a market cap of $483.31 billion, a price-to-earnings ratio of 38.16, 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 - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Wednesday, April 9th. 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.

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