Landing Point Financial Group LLC Takes $981,000 Position in Mastercard Incorporated (NYSE:MA)

Landing Point Financial Group LLC acquired a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,738 shares of the credit services provider's stock, valued at approximately $981,000. Mastercard makes up approximately 0.8% of Landing Point Financial Group LLC's portfolio, making the stock its 18th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Mastercard by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock valued at $40,640,219,000 after acquiring an additional 377,302 shares during the period. FMR LLC lifted its stake in shares of Mastercard by 4.3% in the 4th 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. Geode Capital Management LLC boosted its holdings in Mastercard by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock worth $9,800,202,000 after buying an additional 282,739 shares in the last quarter. Norges Bank acquired a new stake in Mastercard during the fourth quarter valued at $6,022,224,000. Finally, Wellington Management Group LLP increased its holdings in Mastercard by 9.1% in the fourth 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 in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 34,524 shares in the company, valued at $18,459,292.32. This represents a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the business's 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 sale, the chief executive officer now owns 84,871 shares of the company's stock, valued at $46,692,629.36. This represents 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.

Mastercard Trading Up 1.1 %

NYSE MA traded up $5.65 on Thursday, reaching $535.66. The stock had a trading volume of 2,209,054 shares, compared to its average volume of 2,630,840. The firm has a market capitalization of $488.37 billion, a price-to-earnings ratio of 38.56, a P/E/G ratio of 2.37 and a beta of 1.06. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The stock has a fifty day moving average price of $535.32 and a two-hundred day moving average price of $529.34. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $582.23.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share 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 forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard's dividend payout ratio is currently 21.89%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MA shares. Barclays increased their target price on shares of Mastercard from $595.00 to $650.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Seaport Res Ptn lowered Mastercard from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. upped their target price on Mastercard from $590.00 to $610.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Citigroup lifted their price target on shares of Mastercard from $584.00 to $650.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Finally, William Blair restated an "outperform" rating on shares of Mastercard in a research report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.