Petros Family Wealth LLC Invests $303,000 in Mastercard Incorporated (NYSE:MA)

Petros Family Wealth LLC acquired a new position in Mastercard Incorporated (NYSE:MA - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 576 shares of the credit services provider's stock, valued at approximately $303,000.

A number of other large investors have also recently made changes to their positions in MA. Addison Advisors LLC lifted its position in Mastercard by 3.8% in the 4th quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock valued at $260,000 after purchasing an additional 18 shares during the last quarter. Capital Investment Advisory Services LLC increased its stake in shares of Mastercard by 0.6% in the fourth quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider's stock valued at $1,651,000 after purchasing an additional 19 shares during the period. Capital Investment Services of America Inc. increased its stake in shares of Mastercard by 4.2% in the fourth quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider's stock valued at $250,000 after purchasing an additional 19 shares during the period. Augustine Asset Management Inc. raised its holdings in shares of Mastercard by 1.1% during the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock valued at $946,000 after buying an additional 19 shares during the last quarter. Finally, Richard W. Paul & Associates LLC grew its holdings in Mastercard by 0.9% in the 4th quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock worth $1,182,000 after buying an additional 19 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

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Mastercard Stock Up 1.0 %

MA stock traded up $5.23 during mid-day trading on Tuesday, hitting $517.69. The stock had a trading volume of 2,210,547 shares, compared to its average volume of 2,612,639. The stock has a market capitalization of $471.98 billion, a price-to-earnings ratio of 37.27, a PEG ratio of 2.37 and a beta of 1.06. 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 1-year low of $428.86 and a 1-year high of $582.23. The company has a fifty day moving average of $541.74 and a 200 day moving average 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 (EPS) 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%. On average, equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.59%. Mastercard's dividend payout ratio (DPR) is currently 21.89%.

Mastercard announced that its board has initiated a share buyback plan on Tuesday, December 17th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have issued reports on MA. Morgan Stanley reduced their price target on Mastercard from $654.00 to $644.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Barclays increased their target price on shares of Mastercard from $595.00 to $650.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Evercore ISI assumed coverage on shares of Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price target on the stock. Macquarie increased their price objective on shares of Mastercard from $565.00 to $645.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Finally, Keefe, Bruyette & Woods boosted their target price on Mastercard from $618.00 to $665.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Six equities 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 company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $607.96.

Insiders Place Their Bets

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the business's stock in a transaction on 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 owns 84,871 shares of the company's stock, valued at $46,692,629.36. The trade was a 15.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm's stock in a transaction dated 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 sale, the insider now directly 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 disclosure for this sale can be found here. 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.