Mastercard Incorporated (NYSE:MA) Shares Bought by Vinva Investment Management Ltd

Vinva Investment Management Ltd boosted its position in Mastercard Incorporated (NYSE:MA - Free Report) by 11.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,114 shares of the credit services provider's stock after buying an additional 4,513 shares during the period. Mastercard makes up 0.9% of Vinva Investment Management Ltd's holdings, making the stock its 13th biggest holding. Vinva Investment Management Ltd's holdings in Mastercard were worth $23,184,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Addison Advisors LLC increased its holdings in Mastercard by 3.8% during the fourth quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock valued at $260,000 after buying an additional 18 shares during the last quarter. Capital Investment Advisory Services LLC increased its holdings in Mastercard by 0.6% during 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 buying an additional 19 shares during the last quarter. Capital Investment Services of America Inc. increased its holdings in Mastercard by 4.2% during 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 buying an additional 19 shares during the last quarter. Augustine Asset Management Inc. increased its holdings in 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 increased its holdings in Mastercard by 0.9% during the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock valued at $1,182,000 after buying an additional 19 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

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Mastercard Trading Down 0.2 %

Shares of Mastercard stock traded down $1.24 during trading on Friday, hitting $535.14. The stock had a trading volume of 5,973,324 shares, compared to its average volume of 2,376,248. The firm's fifty day simple moving average is $547.55 and its 200-day simple moving average is $524.65. The stock has a market cap of $487.89 billion, a PE ratio of 38.53, a PEG ratio of 2.37 and a beta of 1.10. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. 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 released its 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 net margin of 45.71% and a return on equity of 188.47%. As a group, sell-side analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

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

Mastercard announced that its Board of Directors has authorized a share repurchase plan on Tuesday, December 17th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the credit services provider to reacquire up to 2.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts have commented on MA shares. Tigress Financial reaffirmed a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Piper Sandler reissued an "overweight" rating and issued a $635.00 price objective (up from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Citigroup increased their price objective on shares of Mastercard from $584.00 to $650.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. UBS Group increased their price objective on shares of Mastercard from $600.00 to $660.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Finally, Barclays increased their price objective on shares of Mastercard from $595.00 to $650.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $606.11.

Insider Transactions at Mastercard

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard 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 completion of the sale, the insider now owns 34,524 shares in the company, valued at $18,459,292.32. This trade represents a 17.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company 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.