Mastercard Incorporated (NYSE:MA) Shares Acquired by Voya Investment Management LLC

Voya Investment Management LLC raised its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 15.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,255,042 shares of the credit services provider's stock after purchasing an additional 169,019 shares during the period. Mastercard accounts for approximately 0.7% of Voya Investment Management LLC's portfolio, making the stock its 17th largest holding. Voya Investment Management LLC owned approximately 0.14% of Mastercard worth $660,867,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Mastercard by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock worth $40,640,219,000 after acquiring an additional 377,302 shares during the period. FMR LLC raised its position 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 worth $11,725,627,000 after buying an additional 912,856 shares during the period. Geode Capital Management LLC boosted its holdings in Mastercard by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock valued at $9,800,202,000 after acquiring an additional 282,739 shares during the last quarter. Norges Bank acquired a new stake in Mastercard during the fourth quarter worth about $6,022,224,000. Finally, Wellington Management Group LLP grew its holdings in shares of Mastercard by 9.1% during the 4th quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock worth $5,139,713,000 after purchasing an additional 817,836 shares during the period. Hedge funds and other institutional investors own 97.28% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Raymond James restated an "outperform" rating and set a $640.00 target price (up previously from $614.00) on shares of Mastercard in a report on Friday, January 31st. JPMorgan Chase & Co. upped their target price on shares of Mastercard from $590.00 to $610.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Monness Crespi & Hardt cut shares of Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. The Goldman Sachs Group restated a "buy" rating and set a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. Finally, KeyCorp upped their price target on shares of Mastercard from $600.00 to $630.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Six equities research 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 company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $607.96.

Mastercard Price Performance

NYSE MA opened at $530.11 on Thursday. 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 $483.31 billion, a PE ratio of 38.16, a P/E/G ratio of 2.37 and a beta of 1.06. The stock has a 50-day simple moving average of $535.32 and a 200 day simple moving average of $529.34. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03.

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

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 0.57%. Mastercard's payout ratio is 21.89%.

Insiders Place Their Bets

In other news, CEO Michael Miebach sold 15,775 shares of the firm's stock in a transaction dated 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 trade represents a 15.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was 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. Company insiders own 0.10% of the company's stock.

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.

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