Mastercard Incorporated (NYSE:MA) Stock Holdings Raised by Fayez Sarofim & Co

Fayez Sarofim & Co grew its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 5.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,157,037 shares of the credit services provider's stock after purchasing an additional 64,636 shares during the period. Mastercard makes up about 1.5% of Fayez Sarofim & Co's holdings, making the stock its 21st biggest position. Fayez Sarofim & Co owned approximately 0.13% of Mastercard worth $614,549,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. NewSquare Capital LLC acquired a new position in Mastercard during the fourth quarter worth $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Mastercard in the fourth quarter valued at $32,000. Marshall Investment Management LLC acquired a new position in shares of Mastercard during the 4th quarter worth $30,000. Truvestments Capital LLC boosted its position in shares of Mastercard by 62.5% in the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock worth $34,000 after buying an additional 25 shares in the last quarter. Finally, FPC Investment Advisory Inc. grew its stake in Mastercard by 483.3% in the 4th quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider's stock valued at $39,000 after acquiring an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Wall Street Analyst Weigh In

MA has been the subject of a number of research reports. KeyCorp lifted their target price on shares of Mastercard from $600.00 to $630.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. UBS Group upped their target price on Mastercard from $600.00 to $660.00 and gave the company a "buy" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. raised their price target on Mastercard from $590.00 to $610.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Royal Bank of Canada boosted their price target on Mastercard from $572.00 to $650.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Finally, William Blair reaffirmed an "outperform" rating on shares of Mastercard in a research note on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $607.96.

Mastercard Trading Down 0.4 %

MA stock traded down $2.20 during midday trading on Friday, reaching $533.26. 2,006,113 shares of the company's stock traded hands, compared to its average volume of 2,622,725. 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 Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $582.23. The business has a 50-day moving average price of $534.74 and a two-hundred day moving average price of $529.64. The company has a market capitalization of $486.18 billion, a P/E ratio of 38.39, a PEG ratio of 2.37 and a beta of 1.06.

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

Mastercard Dividend Announcement

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 issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.57%. Mastercard's payout ratio is currently 21.89%.

Insider Buying and Selling

In related news, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the sale, the chief executive officer now owns 84,871 shares of the company's stock, valued at $46,692,629.36. The trade was a 15.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

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.