Addison Advisors LLC Has $171,000 Holdings in Mastercard Incorporated (NYSE:MA)

Addison Advisors LLC increased its position in Mastercard Incorporated (NYSE:MA) by 16.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 400 shares of the credit services provider’s stock after purchasing an additional 56 shares during the period. Addison Advisors LLC’s holdings in Mastercard were worth $171,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp lifted its position in Mastercard by 2.9% in the 3rd quarter. Northern Trust Corp now owns 9,075,358 shares of the credit services provider’s stock worth $3,593,025,000 after buying an additional 251,516 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Mastercard by 6.9% during the third quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock worth $3,153,957,000 after acquiring an additional 515,481 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Mastercard by 5.9% during the third quarter. Ameriprise Financial Inc. now owns 5,510,259 shares of the credit services provider’s stock valued at $2,181,964,000 after purchasing an additional 306,663 shares during the last quarter. Royal Bank of Canada grew its stake in Mastercard by 1.1% in the third quarter. Royal Bank of Canada now owns 5,314,881 shares of the credit services provider’s stock valued at $2,104,214,000 after purchasing an additional 56,642 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Mastercard by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,557,530 shares of the credit services provider’s stock worth $1,804,372,000 after purchasing an additional 16,019 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Performance

Shares of NYSE MA traded up $0.31 during trading hours on Friday, reaching $462.42. The stock had a trading volume of 1,963,273 shares, compared to its average volume of 2,212,406. The company has a market cap of $431.39 billion, a price-to-earnings ratio of 39.09, a PEG ratio of 1.75 and a beta of 1.08. Mastercard Incorporated has a twelve month low of $357.85 and a twelve month high of $490.00. The business’s fifty day moving average is $471.35 and its two-hundred day moving average is $436.10. 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 (NYSE:MA) last announced its quarterly earnings data 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. The company 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 company posted $2.65 EPS. As a group, research analysts expect that Mastercard Incorporated will post 14.35 EPS for the current year.

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 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 0.57%. Mastercard’s payout ratio is presently 22.32%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MA shares. Wells Fargo & Company lifted their price target on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Oppenheimer reissued an “outperform” rating and set a $510.00 target price on shares of Mastercard in a research report on Thursday, February 1st. KeyCorp raised their target price on Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Robert W. Baird upped their price target on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Finally, Royal Bank of Canada raised their price objective on Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and an average target price of $490.23.

Insider Buying and Selling

In other news, major shareholder Foundation Mastercard sold 200 shares of the business’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 sale, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Mastercard news, insider Craig Vosburg sold 13,542 shares of Mastercard stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $460.06, for a total value of $6,230,132.52. Following the completion of the transaction, the insider now owns 46,491 shares in the company, valued at approximately $21,388,649.46. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction 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 sale, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. 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 company insiders.

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.