Price T Rowe Associates Inc. MD Buys 4,237 Shares of Mastercard Incorporated (NYSE:MA)

Price T Rowe Associates Inc. MD lifted its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 0.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,189,795 shares of the credit services provider's stock after purchasing an additional 4,237 shares during the period. Mastercard accounts for 1.2% of Price T Rowe Associates Inc. MD's holdings, making the stock its 14th biggest holding. Price T Rowe Associates Inc. MD owned about 2.09% of Mastercard worth $10,104,771,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Mastercard by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock worth $40,640,219,000 after buying an additional 377,302 shares during the period. FMR LLC boosted its position in Mastercard by 4.3% during the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock valued at $11,725,627,000 after acquiring an additional 912,856 shares during the last quarter. Geode Capital Management LLC grew its holdings in Mastercard by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock worth $9,800,202,000 after acquiring an additional 282,739 shares during the period. Norges Bank acquired a new stake in Mastercard during the 4th quarter worth about $6,022,224,000. Finally, Wellington Management Group LLP raised its position in shares of Mastercard by 9.1% in 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 acquiring an additional 817,836 shares in the last quarter. Institutional investors own 97.28% of the company's stock.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the company'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 sale, the insider now directly owns 34,524 shares of the company's stock, valued at $18,459,292.32. This represents 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 through this link. Also, CEO Michael Miebach sold 15,775 shares of Mastercard 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 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 disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MA. Piper Sandler reiterated an "overweight" rating and issued a $635.00 target price (up from $591.00) on shares of Mastercard in a report on Friday, January 31st. Macquarie lifted their price objective on shares of Mastercard from $565.00 to $645.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Morgan Stanley dropped their target price on shares of Mastercard from $654.00 to $644.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. DZ Bank upgraded shares of Mastercard from a "hold" rating to a "buy" rating and set a $620.00 price target for the company in a report on Tuesday, February 4th. Finally, Barclays upped their price objective on shares of Mastercard from $595.00 to $650.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $607.96.

Mastercard Stock Performance

Shares of NYSE MA traded down $2.20 during mid-day trading on Friday, reaching $533.26. 2,006,113 shares of the company's stock were exchanged, compared to its average volume of 2,622,725. The firm has a 50-day moving average price of $534.74 and a two-hundred day moving average price of $529.64. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $486.18 billion, a price-to-earnings ratio of 38.39, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $582.23.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, topping 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%. Analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The company also recently disclosed 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. This represents a $3.04 annualized dividend and a yield of 0.57%. The ex-dividend date is Wednesday, April 9th. Mastercard's dividend payout ratio (DPR) is 21.89%.

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.