Pallas Capital Advisors LLC Has $6.15 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Pallas Capital Advisors LLC decreased its stake in Mastercard Incorporated (NYSE:MAFree Report) by 10.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,417 shares of the credit services provider’s stock after selling 1,689 shares during the period. Pallas Capital Advisors LLC’s holdings in Mastercard were worth $6,149,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cypress Wealth Services LLC raised its holdings in shares of Mastercard by 2.9% during the fourth quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock valued at $369,000 after acquiring an additional 24 shares in the last quarter. Syntegra Private Wealth Group LLC increased its stake in Mastercard by 1.2% during the 4th quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock valued at $851,000 after purchasing an additional 24 shares in the last quarter. Cassia Capital Partners LLC raised its holdings in Mastercard by 2.1% in the third quarter. Cassia Capital Partners LLC now owns 1,240 shares of the credit services provider’s stock worth $491,000 after buying an additional 26 shares during the last quarter. Armstrong Advisory Group Inc. increased its position in shares of Mastercard by 8.4% during the third quarter. Armstrong Advisory Group Inc. now owns 348 shares of the credit services provider’s stock valued at $138,000 after acquiring an additional 27 shares in the last quarter. Finally, Visionary Wealth Advisors increased its position in shares of Mastercard by 0.5% during the third quarter. Visionary Wealth Advisors now owns 5,311 shares of the credit services provider’s stock valued at $2,103,000 after acquiring an additional 27 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Down 0.7 %

MA stock opened at $478.40 on Tuesday. The stock has a market capitalization of $446.29 billion, a PE ratio of 40.44, a price-to-earnings-growth ratio of 1.83 and a beta of 1.08. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06. Mastercard Incorporated has a 52 week low of $355.97 and a 52 week high of $490.00. The firm has a 50 day moving average of $466.86 and a 200 day moving average of $427.90.

Mastercard (NYSE:MAGet Free Report) last released its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, beating the consensus estimate of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The business had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the prior year, the firm earned $2.65 EPS. Sell-side analysts forecast that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard declared that its board has approved a stock buyback plan on Tuesday, December 5th that allows the company to repurchase $11.00 billion in shares. This repurchase authorization allows the credit services provider to buy up to 2.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard’s payout ratio is 22.32%.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the transaction, the insider now owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Mastercard news, insider Craig Vosburg sold 8,900 shares of the stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $430.26, for a total value of $3,829,314.00. Following the completion of the sale, the insider now owns 46,491 shares in the company, valued at approximately $20,003,217.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the sale, the insider now owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The disclosure for this sale can be found here. Insiders have sold a total of 50,628 shares of company stock valued at $23,309,067 over the last ninety days. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

MA has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price target on shares of Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Tigress Financial lifted their price target on shares of Mastercard from $476.00 to $495.00 and gave the stock a “strong-buy” rating in a research note on Thursday, December 7th. Evercore ISI lifted their price target on shares of Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Royal Bank of Canada upped their price target on shares of Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, Jefferies Financial Group upped their price target on shares of Mastercard from $425.00 to $480.00 and gave the company a “buy” rating in a research report on Tuesday, December 12th. Two investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and an average price target of $479.62.

Read Our Latest Stock Report on Mastercard

Mastercard Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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