1,165 Shares in Mastercard Incorporated (NYSE:MA) Purchased by Brooklyn FI LLC

Brooklyn FI LLC acquired a new position in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,165 shares of the credit services provider's stock, valued at approximately $603,000.

A number of other institutional investors also recently made changes to their positions in the business. NewSquare Capital LLC bought a new position in shares of Mastercard during the fourth quarter worth about $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Mastercard in the 4th quarter worth approximately $32,000. Marshall Investment Management LLC bought a new stake in Mastercard during the fourth quarter valued at $30,000. Truvestments Capital LLC grew its position in shares of Mastercard by 62.5% during the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock valued at $34,000 after buying an additional 25 shares during the last quarter. Finally, FPC Investment Advisory Inc. lifted its holdings in Mastercard by 483.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider's stock worth $39,000 after acquiring an additional 58 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Performance

MA stock traded up $8.13 during midday trading on Monday, hitting $543.82. 2,758,655 shares of the company traded hands, compared to its average volume of 2,377,778. The business has a 50 day simple moving average of $547.55 and a 200-day simple moving average of $524.95. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $582.23. The stock has a market capitalization of $495.81 billion, a price-to-earnings ratio of 39.15, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10.

Remove Ads

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. As a group, equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors 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 yield of 0.56%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard's dividend payout ratio (DPR) is currently 21.89%.

Mastercard declared that its Board of Directors has approved a share repurchase program on Tuesday, December 17th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the credit services provider to buy up to 2.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

MA has been the subject of a number of analyst reports. Piper Sandler reiterated an "overweight" rating and set a $635.00 price target (up previously from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Barclays boosted their price target on shares of Mastercard from $595.00 to $650.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Macquarie boosted their target price on Mastercard from $565.00 to $645.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Oppenheimer decreased their price target on Mastercard from $591.00 to $588.00 and set an "outperform" rating for the company in a research note on Thursday, December 19th. Finally, Royal Bank of Canada boosted their price objective on Mastercard from $572.00 to $650.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $606.11.

Insider Activity at Mastercard

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the transaction, the insider now owns 34,524 shares in the company, valued at approximately $18,459,292.32. This represents a 17.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by corporate insiders.

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.