Mastercard Incorporated (NYSE:MA) Stock Position Increased by Clearstead Trust LLC

Clearstead Trust LLC lifted its position in Mastercard Incorporated (NYSE:MA) by 50.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,251 shares of the credit services provider’s stock after buying an additional 2,095 shares during the quarter. Mastercard makes up approximately 0.7% of Clearstead Trust LLC’s investment portfolio, making the stock its 26th largest position. Clearstead Trust LLC’s holdings in Mastercard were worth $2,666,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MA. LFA Lugano Financial Advisors SA bought a new stake in shares of Mastercard in the 4th quarter worth $27,000. Criterion Capital Advisors LLC bought a new stake in shares of Mastercard in the 4th quarter worth $33,000. Barometer Capital Management Inc. bought a new stake in shares of Mastercard in the 3rd quarter worth $36,000. Thomas J. Herzfeld Advisors Inc. raised its stake in shares of Mastercard by 661.5% in the 3rd 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. raised its stake in shares of Mastercard by 34.0% in the 4th 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 own 97.28% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the transaction, the insider now owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the transaction, the insider now owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $475.94, for a total value of $7,632,649.78. Following the completion of the transaction, the chief marketing officer now directly owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. Insiders sold 583,088 shares of company stock valued at $266,873,978 over the last quarter. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on MA. Oppenheimer reissued an “outperform” rating and issued a $510.00 price objective on shares of Mastercard in a research note on Thursday, February 1st. Wells Fargo & Company lifted their target price on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Evercore ISI lifted their target price on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Mizuho decreased their target price on Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a report on Thursday. Finally, JPMorgan Chase & Co. decreased their target price on Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a report on Thursday. Two 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $493.55.

Mastercard Stock Up 0.6 %

NYSE MA traded up $2.48 on Friday, reaching $443.58. The stock had a trading volume of 3,711,610 shares, compared to its average volume of 2,507,301. The business has a 50 day moving average price of $469.57 and a 200 day moving average price of $437.74. The company has a current ratio of 1.09, a quick ratio of 1.17 and a debt-to-equity ratio of 1.86. Mastercard Incorporated has a 1 year low of $357.85 and a 1 year high of $490.00. The company has a market capitalization of $413.81 billion, a price-to-earnings ratio of 35.26, a P/E/G ratio of 1.71 and a beta of 1.08.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter in the previous year, the company posted $2.80 earnings per share. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, analysts forecast that Mastercard Incorporated will post 14.32 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be given 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 0.60%. Mastercard’s dividend payout ratio is currently 20.99%.

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.