Stenger Family Office LLC Takes Position in Mastercard Incorporated (NYSE:MA)

Stenger Family Office LLC bought a new position 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 bought 5,823 shares of the credit services provider's stock, valued at approximately $3,066,000. Mastercard comprises about 1.0% of Stenger Family Office LLC's holdings, making the stock its 25th biggest position.

Several other hedge funds and other institutional investors have also bought and sold shares of MA. Lifelong Wealth Advisors Inc. purchased a new position in shares of Mastercard in the 4th quarter worth $258,000. Montag & Caldwell LLC bought a new position in Mastercard in the fourth quarter valued at about $142,000. Jump Financial LLC boosted its position in Mastercard by 14.1% in the fourth quarter. Jump Financial LLC now owns 3,940 shares of the credit services provider's stock worth $2,075,000 after purchasing an additional 486 shares during the last quarter. Kane Investment Management Inc. bought a new stake in shares of Mastercard during the 4th quarter valued at about $2,453,000. Finally, Rench Wealth Management Inc. increased its position in shares of Mastercard by 3.1% during the 4th quarter. Rench Wealth Management Inc. now owns 11,964 shares of the credit services provider's stock valued at $6,300,000 after purchasing an additional 359 shares during the last quarter. Institutional investors own 97.28% of the company's stock.

Insider Activity

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MA shares. JPMorgan Chase & Co. boosted their target price on shares of Mastercard from $590.00 to $610.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. The Goldman Sachs Group reissued a "buy" rating and set a $633.00 price objective on shares of Mastercard in a research report on Wednesday, April 2nd. Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. William Blair reissued an "outperform" rating on shares of Mastercard in a report on Friday, January 31st. Finally, Barclays raised their price objective on Mastercard from $595.00 to $650.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $607.96.

Mastercard Price Performance

NYSE:MA traded up $4.03 during trading hours on Friday, reaching $517.46. The stock had a trading volume of 3,329,748 shares, compared to its average volume of 2,624,345. The company has a 50 day moving average price of $537.86 and a two-hundred day moving average price of $528.79. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $582.23. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $471.77 billion, a PE ratio of 37.25, a PEG ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly 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 net margin of 45.71% and a return on equity of 188.47%. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share 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 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard's dividend payout ratio (DPR) is 21.89%.

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.