Mastercard Incorporated (NYSE:MA) Shares Acquired by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC grew its stake in Mastercard Incorporated (NYSE:MA) by 23.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,037 shares of the credit services provider’s stock after purchasing an additional 195 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Mastercard were worth $442,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MA. LFA Lugano Financial Advisors SA acquired a new stake in shares of Mastercard in the fourth quarter valued at about $27,000. Criterion Capital Advisors LLC acquired a new stake in shares of Mastercard in the fourth quarter valued at about $33,000. Barometer Capital Management Inc. acquired a new stake in shares of Mastercard in the third quarter valued at about $36,000. Thomas J. Herzfeld Advisors Inc. lifted its stake in shares of Mastercard by 661.5% in the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 99 shares of the credit services provider’s stock worth $39,000 after buying an additional 86 shares in the last quarter. Finally, JCIC Asset Management Inc. lifted its stake in shares of Mastercard by 34.0% in the fourth quarter. JCIC Asset Management Inc. now owns 134 shares of the credit services provider’s stock worth $57,000 after buying an additional 34 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MA shares. Mizuho reissued a “buy” rating and issued a $480.00 price target on shares of Mastercard in a research note on Wednesday, March 27th. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Raymond James lifted their target price on shares of Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. JPMorgan Chase & Co. lifted their target price on shares of Mastercard from $504.00 to $520.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Finally, KeyCorp lifted their target price on shares of Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Two analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $490.23.

Insiders Place Their Bets

In other news, CEO Michael Miebach sold 7,851 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the transaction, the chief executive officer now directly owns 47,640 shares of the company’s stock, valued at approximately $22,672,828.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Michael Miebach sold 7,851 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the transaction, the chief executive officer now directly owns 47,640 shares of the company’s stock, valued at approximately $22,672,828.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the transaction, the insider now directly owns 97,543,308 shares in the company, valued at $47,527,976,823. The disclosure for this sale can be found here. In the last quarter, insiders sold 480,630 shares of company stock worth $221,479,470. 0.13% of the stock is owned by insiders.

Mastercard Stock Down 1.3 %

Shares of MA stock traded down $5.91 during trading on Tuesday, reaching $451.19. The company’s stock had a trading volume of 2,696,679 shares, compared to its average volume of 2,410,313. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $420.91 billion, a price-to-earnings ratio of 38.14, a P/E/G ratio of 1.76 and a beta of 1.08. The stock’s 50-day moving average price is $471.12 and its 200 day moving average price is $437.38. Mastercard Incorporated has a 1-year low of $357.85 and a 1-year high of $490.00.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The business had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter in the prior year, the business posted $2.65 EPS. On average, research analysts anticipate that Mastercard Incorporated will post 14.35 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be given a dividend of $0.66 per share. The ex-dividend date is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a yield of 0.59%. Mastercard’s payout ratio is currently 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.