Mastercard Incorporated (NYSE:MA) Shares Sold by F M Investments LLC

F M Investments LLC cut its position in Mastercard Incorporated (NYSE:MA - Free Report) by 15.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 91,285 shares of the credit services provider's stock after selling 16,127 shares during the period. Mastercard makes up 1.8% of F M Investments LLC's holdings, making the stock its 11th largest position. F M Investments LLC's holdings in Mastercard were worth $48,068,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MA. Norges Bank acquired a new stake in Mastercard in the 4th quarter valued at $6,022,224,000. Raymond James Financial Inc. purchased a new position in Mastercard in the 4th quarter worth approximately $837,017,000. Proficio Capital Partners LLC boosted its stake in Mastercard by 79,739.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider's stock worth $818,962,000 after buying an additional 1,553,329 shares during the last quarter. FMR LLC grew its holdings in shares of Mastercard by 4.3% in the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock valued at $11,725,627,000 after purchasing an additional 912,856 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of Mastercard by 9.1% in the 4th quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock valued at $5,139,713,000 after buying an additional 817,836 shares during the period. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Buying and Selling at Mastercard

In related news, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the transaction, the chief executive officer now directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the company's 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 sale, the insider now directly owns 34,524 shares in the company, valued at $18,459,292.32. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Mastercard Stock Performance

Shares of Mastercard stock traded up $6.18 during trading on Tuesday, reaching $518.64. The company's stock had a trading volume of 910,866 shares, compared to its average volume of 2,605,516. The company has a 50-day moving average price of $541.74 and a two-hundred day moving average price of $528.66. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $582.23. The firm has a market cap of $472.85 billion, a PE ratio of 37.34, a P/E/G ratio of 2.37 and a beta of 1.06. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA - Get Free Report) 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 net margin of 45.71% and a return on equity of 188.47%. On average, analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard announced that its board has initiated a share repurchase plan on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board believes its shares are undervalued.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be given a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.59%. Mastercard's dividend payout ratio (DPR) is 21.89%.

Analysts Set New Price Targets

Several brokerages have recently commented on MA. Raymond James reaffirmed an "outperform" rating and issued a $640.00 price target (up previously from $614.00) on shares of Mastercard in a research note on Friday, January 31st. Royal Bank of Canada lifted their price target on shares of Mastercard from $572.00 to $650.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Morgan Stanley lowered their price objective on shares of Mastercard from $654.00 to $644.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. KeyCorp raised their price target on Mastercard from $600.00 to $630.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Finally, Tigress Financial reissued 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 given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $607.96.

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.