Mastercard Incorporated (NYSE:MA) Shares Purchased by Mosley Wealth Management

Mosley Wealth Management raised its stake in Mastercard Incorporated (NYSE:MA) by 9.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 849 shares of the credit services provider’s stock after acquiring an additional 70 shares during the quarter. Mosley Wealth Management’s holdings in Mastercard were worth $466,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of Montreal Can increased its stake in Mastercard by 51.7% in the third quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock valued at $2,846,187,000 after purchasing an additional 1,965,782 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Mastercard in the 4th quarter valued at $837,017,000. Proficio Capital Partners LLC grew its position in Mastercard by 79,739.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock valued at $818,962,000 after acquiring an additional 1,553,329 shares in the last quarter. FMR LLC lifted its holdings in Mastercard by 3.4% in the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock worth $10,545,139,000 after buying an additional 700,769 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Mastercard by 12.9% in the fourth quarter. American Century Companies Inc. now owns 5,079,915 shares of the credit services provider’s stock worth $2,674,932,000 after acquiring an additional 581,697 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Seaport Res Ptn lowered Mastercard from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Macquarie upped their target price on shares of Mastercard from $565.00 to $645.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Royal Bank of Canada lifted their price objective on shares of Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Barclays upped their target price on Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, KeyCorp lifted their price objective 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. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $606.11.

Mastercard Stock Down 0.2 %

NYSE MA opened at $535.14 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The stock’s 50 day moving average is $547.55 and its two-hundred day moving average is $524.65. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $582.23. The company has a market capitalization of $487.89 billion, a price-to-earnings ratio of 38.53, a PEG ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, topping analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal 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 of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio is 21.89%.

Mastercard announced that its board has approved a share buyback plan on Tuesday, December 17th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the credit services provider to buy up to 2.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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 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 completion of 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 legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

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.