Gilder Gagnon Howe & Co. LLC Sells 1,634 Shares of Mastercard Incorporated (NYSE:MA)

Gilder Gagnon Howe & Co. LLC decreased its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,257 shares of the credit services provider's stock after selling 1,634 shares during the period. Gilder Gagnon Howe & Co. LLC's holdings in Mastercard were worth $18,565,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Cardano Risk Management B.V. raised its stake in shares of Mastercard by 2.7% in the 4th quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider's stock valued at $194,141,000 after buying an additional 9,611 shares in the last quarter. Dock Street Asset Management Inc. increased its stake in shares of Mastercard by 4.5% in the fourth quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider's stock valued at $35,932,000 after buying an additional 2,931 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Mastercard by 15.6% in the fourth quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider's stock worth $1,325,353,000 after acquiring an additional 337,905 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Mastercard by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider's stock worth $1,497,160,000 after buying an additional 138,842 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Mastercard by 1.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider's stock valued at $37,841,000 after acquiring an additional 1,194 shares during the period. 97.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MA. Evercore ISI began coverage on Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 target price for the company. Macquarie upped their target price on shares of Mastercard from $565.00 to $645.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods increased their target price on shares of Mastercard from $618.00 to $665.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Citigroup boosted their price target on shares of Mastercard from $584.00 to $650.00 and gave the company a "buy" rating in a report on Friday, January 31st. Finally, Morgan Stanley dropped their price objective on Mastercard from $654.00 to $644.00 and set an "overweight" rating on the stock 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 assigned a strong buy rating to the company. According to data from MarketBeat, Mastercard has an average rating of "Moderate Buy" and a consensus price target of $607.96.

Insider Buying and Selling

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction dated 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 owns 34,524 shares in the company, valued at $18,459,292.32. The trade was a 17.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Miebach sold 15,775 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 84,871 shares in the company, 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. 0.10% of the stock is currently owned by insiders.

Mastercard Stock Performance

Mastercard stock traded up $5.22 during midday trading on Tuesday, reaching $539.71. 2,040,967 shares of the company's stock were exchanged, compared to its average volume of 2,623,957. 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's 50-day simple moving average is $533.35 and its 200 day simple moving average is $530.55. The firm has a market cap of $492.06 billion, a price-to-earnings ratio of 38.86, a P/E/G ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $582.23.

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, 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%. On average, analysts expect 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 paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Wednesday, April 9th. Mastercard's dividend payout ratio is presently 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.