Mastercard Incorporated (NYSE:MA) Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lifted its position in Mastercard Incorporated (NYSE:MA - Free Report) by 11.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 183,348 shares of the credit services provider's stock after purchasing an additional 18,947 shares during the period. Rockefeller Capital Management L.P.'s holdings in Mastercard were worth $96,515,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MA. Petros Family Wealth LLC bought a new stake in shares of Mastercard in the 4th quarter valued at about $303,000. Sterling Capital Management LLC increased its holdings in Mastercard by 5.7% during the fourth quarter. Sterling Capital Management LLC now owns 34,743 shares of the credit services provider's stock valued at $18,295,000 after buying an additional 1,881 shares during the period. Hobbs Wealth Management LLC bought a new position in Mastercard in the fourth quarter worth approximately $274,000. Coign Capital Advisors LLC purchased a new stake in Mastercard during the fourth quarter worth $694,000. Finally, Glass Jacobson Investment Advisors llc boosted its position in Mastercard by 6.3% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 663 shares of the credit services provider's stock valued at $349,000 after acquiring an additional 39 shares in the last quarter. Institutional investors own 97.28% of the company's stock.

Insider Buying and Selling at Mastercard

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the business'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 sale, the insider now owns 34,524 shares of the company's stock, valued at $18,459,292.32. The trade was a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Miebach sold 15,775 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 84,871 shares in the company, valued at $46,692,629.36. This represents a 15.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. William Blair restated an "outperform" rating on shares of Mastercard in a research note on Friday, January 31st. Wells Fargo & Company increased their price target on shares of Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Oppenheimer cut their price objective on shares of Mastercard from $591.00 to $588.00 and set an "outperform" rating on the stock in a research report on Thursday, December 19th. KeyCorp boosted their price objective on shares of Mastercard from $600.00 to $630.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Finally, Barclays raised their target price on shares of Mastercard from $595.00 to $650.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Six 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $607.96.

Mastercard Stock Performance

NYSE MA traded up $5.23 on Tuesday, reaching $517.69. 2,210,547 shares of the company's stock traded hands, compared to its average volume of 2,612,639. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $582.23. 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 firm has a market cap of $471.98 billion, a price-to-earnings ratio of 37.27, a P/E/G ratio of 2.37 and a beta of 1.06. The stock has a 50 day moving average price of $541.74 and a 200-day moving average price of $528.66.

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 predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard declared that its board has authorized a share repurchase program on Tuesday, December 17th that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows the credit services provider to repurchase up to 2.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

Mastercard Announces Dividend

The firm 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 dividend of $0.76 per share. The ex-dividend date 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 is currently 21.89%.

Mastercard 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.