Mastercard Incorporated (NYSE:MA) Shares Acquired by Dock Street Asset Management Inc.

Dock Street Asset Management Inc. lifted its holdings in Mastercard Incorporated (NYSE:MA) by 1.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 59,957 shares of the credit services provider’s stock after purchasing an additional 983 shares during the quarter. Mastercard comprises 4.0% of Dock Street Asset Management Inc.’s holdings, making the stock its 8th biggest position. Dock Street Asset Management Inc.’s holdings in Mastercard were worth $25,572,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MA. Bornite Capital Management LP acquired a new position in shares of Mastercard in the 1st quarter valued at approximately $21,442,000. United Bank lifted its stake in Mastercard by 34.5% in the 1st quarter. United Bank now owns 6,007 shares of the credit services provider’s stock valued at $2,147,000 after acquiring an additional 1,541 shares in the last quarter. Mackenzie Financial Corp lifted its stake in Mastercard by 30.1% in the 1st quarter. Mackenzie Financial Corp now owns 272,358 shares of the credit services provider’s stock valued at $97,335,000 after acquiring an additional 63,040 shares in the last quarter. First Western Trust Bank bought a new stake in Mastercard in the 1st quarter valued at approximately $1,168,000. Finally, Bridgewater Associates LP bought a new stake in Mastercard in the 1st quarter valued at approximately $12,926,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Trading Down 0.5 %

Shares of MA traded down $2.29 during mid-day trading on Thursday, reaching $457.87. 579,333 shares of the company were exchanged, compared to its average volume of 2,387,079. Mastercard Incorporated has a 52 week low of $357.85 and a 52 week high of $490.00. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $427.14 billion, a PE ratio of 38.89, a PEG ratio of 1.74 and a beta of 1.08. The business has a 50 day simple moving average of $471.83 and a two-hundred day simple moving average of $433.21.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, topping 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 company had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same period last year, the company earned $2.65 earnings per share. On average, analysts predict that Mastercard Incorporated will post 14.36 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be given 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 dividend yield of 0.58%. Mastercard’s dividend payout ratio (DPR) is 22.32%.

Insider Transactions at Mastercard

In other news, CEO Michael Miebach sold 7,851 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the completion of the transaction, the chief executive officer now directly owns 47,640 shares in the company, valued at $22,672,828.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Michael Miebach sold 7,851 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the completion of the sale, the chief executive officer now owns 47,640 shares of the company’s stock, valued at $22,672,828.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction that occurred on 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 sale, 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 41,728 shares of company stock worth $19,479,753 over the last ninety days. 0.13% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on Mastercard from $504.00 to $520.00 and gave the company an “overweight” rating in a research note on Monday. Raymond James boosted their target price on Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Monness Crespi & Hardt initiated coverage on Mastercard in a report on Wednesday, December 20th. They set a “neutral” rating on the stock. The Goldman Sachs Group increased their target price on Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Finally, Robert W. Baird increased their target price on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a report on Thursday. Two investment 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.com, Mastercard presently has a consensus rating of “Moderate Buy” and an average price target of $490.23.

About Mastercard

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.