Mastercard Incorporated (NYSE:MA) Stock Holdings Increased by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC lifted its stake in Mastercard Incorporated (NYSE:MA) by 9.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,659 shares of the credit services provider’s stock after purchasing an additional 408 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Mastercard were worth $1,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. State Street Corp raised its position in Mastercard by 3.9% during the first quarter. State Street Corp now owns 34,759,814 shares of the credit services provider’s stock valued at $12,632,032,000 after acquiring an additional 1,303,477 shares in the last quarter. Morgan Stanley grew its holdings in Mastercard by 17.7% during the fourth quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock valued at $5,509,328,000 after purchasing an additional 2,385,640 shares during the last quarter. Norges Bank acquired a new position in Mastercard during the fourth quarter valued at approximately $3,308,223,000. Northern Trust Corp grew its holdings in Mastercard by 2.9% during the third quarter. Northern Trust Corp now owns 9,075,358 shares of the credit services provider’s stock valued at $3,593,025,000 after purchasing an additional 251,516 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in Mastercard by 3.9% during the second quarter. Nuveen Asset Management LLC now owns 8,420,213 shares of the credit services provider’s stock valued at $3,311,670,000 after purchasing an additional 318,077 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. JPMorgan Chase & Co. increased their price target on Mastercard from $504.00 to $520.00 and gave the company an “overweight” rating in a report on Monday. Susquehanna reiterated a “positive” rating and set a $535.00 price target on shares of Mastercard in a report on Wednesday, April 3rd. Royal Bank of Canada increased their price target on Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Monness Crespi & Hardt initiated coverage on shares of Mastercard in a research note on Wednesday, December 20th. They issued a “neutral” rating on the stock. Finally, TD Cowen initiated coverage on shares of Mastercard in a research note on Thursday, April 11th. They issued a “buy” rating and a $545.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $490.23.

Insider Activity at Mastercard

In related news, major shareholder Foundation Mastercard sold 200 shares of Mastercard 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 directly owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CMO Venkata R. Madabhushi sold 16,037 shares of Mastercard stock in a transaction dated 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 completion of the sale, the chief marketing officer now directly owns 12,255 shares in the company, valued at $5,832,644.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 200 shares of Mastercard 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 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 sold 41,728 shares of company stock valued at $19,479,753 over the last ninety days. 0.13% of the stock is owned by insiders.

Mastercard Price Performance

Shares of NYSE MA traded down $5.77 during midday trading on Thursday, reaching $454.39. 1,996,339 shares of the company traded hands, compared to its average volume of 2,406,496. The stock’s 50-day simple moving average is $471.83 and its 200-day simple moving average 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. Mastercard Incorporated has a 12 month low of $357.85 and a 12 month high of $490.00. The firm has a market cap of $423.90 billion, a PE ratio of 38.89, a PEG ratio of 1.74 and a beta of 1.08.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.10. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The business had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the previous year, the business posted $2.65 earnings per share. As a group, equities analysts anticipate that Mastercard Incorporated will post 14.36 earnings per share for the current fiscal 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 issued a $0.66 dividend. The ex-dividend date is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.58%. Mastercard’s dividend payout ratio is 22.32%.

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.