Abbrea Capital LLC Acquires 350 Shares of Mastercard Incorporated (NYSE:MA)

Abbrea Capital LLC boosted its holdings in Mastercard Incorporated (NYSE:MA) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,946 shares of the credit services provider’s stock after purchasing an additional 350 shares during the period. Abbrea Capital LLC’s holdings in Mastercard were worth $2,536,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Cypress Wealth Services LLC increased its stake in shares of Mastercard by 2.9% in the fourth quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock worth $369,000 after purchasing an additional 24 shares in the last quarter. Syntegra Private Wealth Group LLC increased its stake in shares of Mastercard by 1.2% in the fourth quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock worth $851,000 after purchasing an additional 24 shares in the last quarter. TRUE Private Wealth Advisors increased its stake in shares of Mastercard by 2.4% in the fourth quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock worth $442,000 after purchasing an additional 24 shares in the last quarter. Indiana Trust & Investment Management CO increased its stake in shares of Mastercard by 4.4% in the fourth quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock worth $255,000 after purchasing an additional 25 shares in the last quarter. Finally, Tufton Capital Management increased its stake in shares of Mastercard by 4.5% in the fourth quarter. Tufton Capital Management now owns 604 shares of the credit services provider’s stock worth $258,000 after purchasing an additional 26 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MA shares. Oppenheimer reissued an “outperform” rating and issued a $510.00 price objective on shares of Mastercard in a research note on Thursday, February 1st. Mizuho reaffirmed a “buy” rating and set a $480.00 target price on shares of Mastercard in a research note on Wednesday, March 27th. Evercore ISI raised their target price on shares of Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. JPMorgan Chase & Co. raised their target price on shares of Mastercard from $504.00 to $520.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Finally, Susquehanna reaffirmed a “positive” rating and set a $535.00 target price on shares of Mastercard in a research note on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $490.23.

Insider Activity at Mastercard

In other news, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were 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 in the company, valued at approximately $47,527,976,823. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction that occurred 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 owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Craig Vosburg sold 13,542 shares of Mastercard stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the completion of the transaction, the insider now directly owns 46,491 shares in the company, valued at approximately $21,388,649.46. The disclosure for this sale can be found here. Insiders sold 366,630 shares of company stock worth $168,746,490 in the last 90 days. 0.13% of the stock is owned by corporate insiders.

Mastercard Trading Up 0.1 %

Shares of Mastercard stock traded up $0.31 during trading on Friday, hitting $462.42. The stock had a trading volume of 1,961,540 shares, compared to its average volume of 2,410,326. The firm’s fifty day simple moving average is $471.46 and its 200-day simple moving average is $435.63. The stock has a market cap of $431.39 billion, a PE ratio of 39.07, a PEG ratio of 1.76 and a beta of 1.08. 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 12 month low of $357.85 and a 12 month high of $490.00.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The company had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.46 billion. During the same quarter last year, the business posted $2.65 EPS. As a group, sell-side analysts expect that Mastercard Incorporated will post 14.35 EPS for the current fiscal 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 issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a yield of 0.57%. Mastercard’s payout ratio is 22.32%.

Mastercard 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.