True North Advisors LLC Grows Stock Holdings in Mastercard Incorporated (NYSE:MA)

True North Advisors LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MAFree Report) by 11.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,515 shares of the credit services provider’s stock after purchasing an additional 152 shares during the quarter. True North Advisors LLC’s holdings in Mastercard were worth $646,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Mendel Money Management boosted its position in shares of Mastercard by 1.8% in the second quarter. Mendel Money Management now owns 2,133 shares of the credit services provider’s stock valued at $839,000 after acquiring an additional 37 shares during the period. Activest Wealth Management increased its stake in Mastercard by 87.4% in the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock worth $229,000 after acquiring an additional 250 shares during the last quarter. Everett Harris & Co. CA increased its position in shares of Mastercard by 0.5% in the fourth quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after purchasing an additional 252 shares during the last quarter. Atlantic Union Bankshares Corp increased its position in shares of Mastercard by 23.9% in the fourth quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock worth $5,171,000 after purchasing an additional 2,337 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC raised its stake in Mastercard by 1.5% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 42,752 shares of the credit services provider’s stock valued at $18,041,000 after purchasing an additional 612 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of NYSE MA opened at $478.40 on Tuesday. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17. Mastercard Incorporated has a 1 year low of $355.97 and a 1 year high of $490.00. The company’s 50-day moving average is $466.08 and its 200 day moving average is $427.44. The stock has a market capitalization of $446.29 billion, a P/E ratio of 40.44, a P/E/G ratio of 1.83 and a beta of 1.08.

Mastercard (NYSE:MAGet Free Report) last announced its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.10. The firm had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.46 billion. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. During the same quarter in the prior year, the company earned $2.65 EPS. On average, sell-side analysts expect that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors 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 annualized dividend and a dividend yield of 0.55%. Mastercard’s payout ratio is 22.32%.

Mastercard declared that its board has initiated a stock buyback plan on Tuesday, December 5th that authorizes the company to buyback $11.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to reacquire up to 2.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

MA has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price target on shares of Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Monness Crespi & Hardt initiated coverage on Mastercard in a research report on Wednesday, December 20th. They set a “neutral” rating on the stock. BMO Capital Markets lifted their price target on Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Evercore ISI increased their price objective on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Finally, Raymond James boosted their target price on Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and an average price target of $479.62.

Check Out Our Latest Research Report on MA

Insider Activity at Mastercard

In related news, insider Craig Vosburg sold 8,900 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $430.26, for a total transaction of $3,829,314.00. Following the completion of the transaction, the insider now owns 46,491 shares of the company’s stock, valued at approximately $20,003,217.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the transaction, the insider now directly 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 this hyperlink. Also, insider Craig Vosburg sold 8,900 shares of Mastercard stock in a transaction on Thursday, January 11th. The stock was 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 directly owns 46,491 shares of the company’s stock, valued at approximately $20,003,217.66. The disclosure for this sale can be found here. Insiders sold a total of 50,628 shares of company stock valued at $23,309,067 in the last three months. Company insiders own 0.13% of the company’s stock.

Mastercard 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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