Mastercard Incorporated (NYSE:MA) Shares Sold by Interchange Capital Partners LLC

Interchange Capital Partners LLC lessened its holdings in Mastercard Incorporated (NYSE:MA) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,954 shares of the credit services provider’s stock after selling 221 shares during the period. Interchange Capital Partners LLC’s holdings in Mastercard were worth $1,555,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Jackson Thornton Wealth Management LLC increased its holdings in Mastercard by 4.4% during the 4th quarter. Jackson Thornton Wealth Management LLC now owns 564 shares of the credit services provider’s stock worth $297,000 after purchasing an additional 24 shares during the period. Angeles Investment Advisors LLC increased its holdings in shares of Mastercard by 3.4% in the 4th quarter. Angeles Investment Advisors LLC now owns 1,150 shares of the credit services provider’s stock valued at $606,000 after acquiring an additional 38 shares during the last quarter. Twin City Private Wealth LLC boosted its position in shares of Mastercard by 3.6% in the 4th quarter. Twin City Private Wealth LLC now owns 2,968 shares of the credit services provider’s stock valued at $1,563,000 after purchasing an additional 103 shares during the period. Clune & Associates LTD. acquired a new stake in shares of Mastercard in the 4th quarter valued at about $305,000. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of Mastercard in the 4th quarter valued at about $938,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MA. Raymond James reaffirmed an “outperform” rating and set a $640.00 price objective (up from $614.00) on shares of Mastercard in a research report on Friday, January 31st. Piper Sandler reaffirmed 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. UBS Group raised their price target on Mastercard from $600.00 to $660.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. William Blair reissued an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. Finally, Keefe, Bruyette & Woods raised their price objective on Mastercard from $618.00 to $665.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and an average target price of $606.11.

Mastercard Price Performance

Mastercard stock opened at $535.14 on Monday. The stock 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 Incorporated has a 52-week low of $428.86 and a 52-week high of $582.23. The stock’s 50 day moving average price is $547.55 and its two-hundred day moving average price is $524.95. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share 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%. On average, equities analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be given a $0.76 dividend. 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 currently 21.89%.

Mastercard declared that its Board of Directors has authorized a share buyback plan on Tuesday, December 17th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the credit services provider to repurchase up to 2.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now owns 34,524 shares in the company, valued at approximately $18,459,292.32. This represents a 17.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.