MGO One Seven LLC Has $9.36 Million Stake in Mastercard Incorporated (NYSE:MA)

MGO One Seven LLC grew its position in Mastercard Incorporated (NYSE:MA - Free Report) by 19.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,765 shares of the credit services provider's stock after buying an additional 2,940 shares during the quarter. MGO One Seven LLC's holdings in Mastercard were worth $9,355,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. NewSquare Capital LLC purchased a new stake in Mastercard in the 4th quarter worth approximately $26,000. Marshall Investment Management LLC acquired a new position in shares of Mastercard in the fourth quarter worth $30,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Mastercard in the fourth quarter worth $32,000. Truvestments Capital LLC raised its holdings in shares of Mastercard by 62.5% during the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock worth $34,000 after acquiring an additional 25 shares in the last quarter. Finally, CoreFirst Bank & Trust acquired a new stake in Mastercard during the fourth quarter valued at $37,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the company's stock in a transaction dated 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 sale, the insider now owns 34,524 shares in the company, valued at approximately $18,459,292.32. This represents a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the transaction, the chief executive officer now owns 84,871 shares of the company's stock, valued at approximately $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. Insiders own 0.10% of the company's stock.

Mastercard Trading Down 0.4 %

Shares of MA stock traded down $2.20 on Friday, reaching $533.26. The company had a trading volume of 2,006,113 shares, compared to its average volume of 2,625,192. The stock has a market cap of $486.18 billion, a PE ratio of 38.39, a PEG ratio of 2.37 and a beta of 1.06. The company has a 50-day moving average of $534.04 and a 200-day moving average of $529.89. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. 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 results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. On average, equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Macquarie lifted their price target on Mastercard from $565.00 to $645.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Evercore ISI assumed coverage on shares of Mastercard in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price for the company. Morgan Stanley cut their price target on shares of Mastercard from $654.00 to $644.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Keefe, Bruyette & Woods upped their price objective on shares of Mastercard from $618.00 to $665.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. raised their target price on Mastercard from $590.00 to $610.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.