Tradewinds LLC. Takes Position in Mastercard Incorporated (NYSE:MA)

Tradewinds LLC. purchased a new position in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 471 shares of the credit services provider's stock, valued at approximately $265,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Mastercard by 0.5% in the 4th 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 last quarter. State Street Corp boosted its stake in Mastercard by 0.7% in the third quarter. State Street Corp now owns 35,288,912 shares of the credit services provider's stock valued at $17,425,665,000 after acquiring an additional 257,312 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Mastercard by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider's stock valued at $9,043,972,000 after acquiring an additional 453,773 shares during the period. Norges Bank bought a new position in Mastercard during the fourth quarter valued at $6,022,224,000. Finally, Wellington Management Group LLP increased its position in Mastercard by 9.1% in the fourth quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock worth $5,139,713,000 after buying an additional 817,836 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the business's stock in a transaction on 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 owns 34,524 shares in the company, valued at approximately $18,459,292.32. The trade was a 17.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael Miebach sold 15,775 shares of the business's 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 sale, the chief executive officer now directly owns 84,871 shares in the company, 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. Company insiders own 0.10% of the company's stock.

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Wall Street Analysts Forecast Growth

MA has been the subject of several research reports. Macquarie increased their price target on Mastercard from $565.00 to $645.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on shares of Mastercard from $590.00 to $610.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Morgan Stanley reduced their target price on shares of Mastercard from $654.00 to $644.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Finally, Oppenheimer reduced 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. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Mastercard currently has a consensus rating of "Moderate Buy" and a consensus target price of $606.11.

Mastercard Trading Down 3.1 %

Shares of NYSE:MA traded down $17.23 on Thursday, reaching $530.15. 3,442,661 shares of the company traded hands, compared to its average volume of 2,554,172. The stock has a market capitalization of $483.35 billion, a P/E ratio of 38.17, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The business's 50-day simple moving average is $551.80 and its 200 day simple moving average is $528.13. 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 52 week low of $428.86 and a 52 week high of $582.23.

Mastercard (NYSE:MA - Get Free Report) last posted 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%. As a group, equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

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

Mastercard Dividend Announcement

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. This represents a $3.04 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Wednesday, April 9th. Mastercard's payout ratio 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.