Wisconsin Capital Management LLC Reduces Position in Mastercard Incorporated (NYSE:MA)

Wisconsin Capital Management LLC reduced its position in Mastercard Incorporated (NYSE:MA - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,304 shares of the credit services provider's stock after selling 1,162 shares during the quarter. Mastercard makes up approximately 5.0% of Wisconsin Capital Management LLC's portfolio, making the stock its 6th biggest position. Wisconsin Capital Management LLC's holdings in Mastercard were worth $9,112,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of MA. NewSquare Capital LLC purchased a new position in Mastercard in the fourth quarter valued at $26,000. Marshall Investment Management LLC acquired a new position in shares of Mastercard during the 4th quarter worth about $30,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Mastercard in the 4th quarter valued at about $32,000. Truvestments Capital LLC raised its position in shares of Mastercard by 62.5% during the 4th 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 purchased a new stake in Mastercard during the fourth quarter worth approximately $37,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm's stock in a transaction that occurred 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 directly owns 34,524 shares in the company, valued at approximately $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 accessible through this link. Also, CEO Michael Miebach sold 15,775 shares of the firm's stock in a transaction on 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 owns 84,871 shares in the company, valued at approximately $46,692,629.36. The trade was a 15.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

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Wall Street Analyst Weigh In

Several equities analysts have commented on MA shares. UBS Group increased their price target on shares of Mastercard from $600.00 to $660.00 and gave the company a "buy" rating in a research note on Friday, January 31st. KeyCorp lifted their price target on shares of Mastercard from $600.00 to $630.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Susquehanna upped their price objective on shares of Mastercard from $605.00 to $670.00 and gave the company a "positive" rating in a research note on Friday, January 31st. Piper Sandler reaffirmed an "overweight" rating and set a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a report on Friday, January 31st. Finally, Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $606.11.

Mastercard Price Performance

Mastercard stock traded down $17.23 on Thursday, reaching $530.15. The company's stock had a trading volume of 3,442,661 shares, compared to its average volume of 2,554,172. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $582.23. The company has a market cap of $483.35 billion, a price-to-earnings ratio of 38.17, a PEG ratio of 2.37 and a beta of 1.10. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The business's fifty day moving average price is $551.80 and its 200 day moving average price is $528.13.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share 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%. Equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

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

Mastercard Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend 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.