Flossbach Von Storch AG Has $201.47 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Flossbach Von Storch AG lessened its stake in shares of Mastercard Incorporated (NYSE:MAFree Report) by 7.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 472,361 shares of the credit services provider’s stock after selling 35,854 shares during the period. Mastercard comprises 0.9% of Flossbach Von Storch AG’s investment portfolio, making the stock its 25th largest holding. Flossbach Von Storch AG’s holdings in Mastercard were worth $201,467,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of MA. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Mastercard by 5.6% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 22,121 shares of the credit services provider’s stock valued at $9,435,000 after acquiring an additional 1,176 shares in the last quarter. Tandem Investment Advisors Inc. boosted its stake in shares of Mastercard by 1.0% during the 4th quarter. Tandem Investment Advisors Inc. now owns 162,056 shares of the credit services provider’s stock valued at $69,119,000 after buying an additional 1,533 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of Mastercard by 6.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 84,298 shares of the credit services provider’s stock valued at $35,954,000 after acquiring an additional 4,987 shares in the last quarter. Oakworth Capital Inc. raised its holdings in shares of Mastercard by 6.6% during the fourth quarter. Oakworth Capital Inc. now owns 2,689 shares of the credit services provider’s stock worth $1,147,000 after acquiring an additional 167 shares in the last quarter. Finally, Archer Investment Corp boosted its position in Mastercard by 0.9% during the fourth quarter. Archer Investment Corp now owns 3,737 shares of the credit services provider’s stock valued at $1,594,000 after purchasing an additional 32 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MA shares. Raymond James lifted their price target on Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. KeyCorp raised their price target on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Susquehanna reiterated a “positive” rating and issued a $535.00 price objective on shares of Mastercard in a report on Wednesday, April 3rd. JPMorgan Chase & Co. raised their target price on Mastercard from $504.00 to $520.00 and gave the company an “overweight” rating in a report on Monday. Finally, The Goldman Sachs Group boosted their price target on Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Two analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $485.91.

Read Our Latest Research Report on MA

Mastercard Stock Performance

Shares of MA stock traded up $0.25 during midday trading on Wednesday, hitting $460.07. 1,735,020 shares of the company were exchanged, compared to its average volume of 2,412,026. The firm’s 50 day moving average price is $471.83 and its two-hundred day moving average price is $433.21. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $429.20 billion, a P/E ratio of 38.89, a PEG ratio of 1.74 and a beta of 1.08. Mastercard Incorporated has a 52 week low of $357.85 and a 52 week high of $490.00.

Mastercard (NYSE:MAGet Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.10. The business had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.46 billion. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. During the same quarter in the prior year, the business posted $2.65 earnings per share. As a group, equities research analysts anticipate that Mastercard Incorporated will post 14.36 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently disclosed 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. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio is currently 22.32%.

Insider Activity

In other Mastercard news, CMO Venkata R. Madabhushi sold 16,037 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the transaction, the chief marketing officer now owns 12,255 shares in the company, valued at $5,832,644.70. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CMO Venkata R. Madabhushi sold 16,037 shares of Mastercard stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the sale, the chief marketing officer now directly owns 12,255 shares in the company, valued at approximately $5,832,644.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were 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 in the company, valued at approximately $47,527,976,823. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,728 shares of company stock valued at $19,479,753. 0.13% of the stock is currently owned by insiders.

About Mastercard

(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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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