Mastercard Incorporated (NYSE:MA) Shares Sold by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC lessened its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 142,435 shares of the credit services provider's stock after selling 931 shares during the quarter. Mastercard comprises 3.9% of Reynders McVeigh Capital Management LLC's portfolio, making the stock its 4th biggest holding. Reynders McVeigh Capital Management LLC's holdings in Mastercard were worth $75,002,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Mastercard in the 4th quarter worth $6,022,224,000. Raymond James Financial Inc. purchased a new stake in shares of Mastercard in the fourth quarter worth about $837,017,000. Proficio Capital Partners LLC raised its holdings in shares of Mastercard by 79,739.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider's stock worth $818,962,000 after acquiring an additional 1,553,329 shares in the last quarter. Sanders Capital LLC purchased a new position in shares of Mastercard in the fourth quarter valued at $617,303,000. Finally, FMR LLC increased its position in Mastercard by 4.3% in the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock worth $11,725,627,000 after purchasing an additional 912,856 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Performance

Shares of NYSE MA traded up $5.23 during midday trading on Tuesday, reaching $517.69. 2,210,547 shares of the stock were exchanged, compared to its average volume of 2,612,656. 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 firm has a 50-day simple moving average of $540.75 and a two-hundred day simple moving average of $528.58. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $582.23. The firm has a market cap of $471.98 billion, a price-to-earnings ratio of 37.27, a PEG ratio of 2.37 and a beta of 1.06.

Remove Ads

Mastercard (NYSE:MA - Get Free Report) last released 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, analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard announced that its board has approved a share buyback plan on Tuesday, December 17th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the credit services provider to buy up to 2.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are undervalued.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders 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 dividend yield of 0.59%. The ex-dividend date is Wednesday, April 9th. Mastercard's dividend payout ratio (DPR) is presently 21.89%.

Insider Transactions at Mastercard

In related news, 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 completion of the sale, the chief executive officer now directly owns 84,871 shares in the company, valued at approximately $46,692,629.36. The trade was a 15.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm's stock in a transaction 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 completion of the transaction, 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 disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MA. Evercore ISI started coverage on shares of Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price on the stock. Wells Fargo & Company upped their price objective on Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Citigroup lifted their target price on Mastercard from $584.00 to $650.00 and gave the stock a "buy" rating in a report on Friday, January 31st. JPMorgan Chase & Co. increased their price target on Mastercard from $590.00 to $610.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Finally, Oppenheimer dropped their price objective on shares of Mastercard from $591.00 to $588.00 and set an "outperform" rating for the company in a research note on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $607.96.

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.