McAdam LLC Purchases 44 Shares of Mastercard Incorporated (NYSE:MA)

McAdam LLC raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 6.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 769 shares of the credit services provider’s stock after acquiring an additional 44 shares during the period. McAdam LLC’s holdings in Mastercard were worth $328,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its position in Mastercard by 43,445.1% in the fourth quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock valued at $1,252,525,000 after purchasing an additional 2,929,940 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Mastercard by 3,339.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 815,506 shares of the credit services provider’s stock valued at $322,867,000 after buying an additional 791,799 shares during the last quarter. Lone Pine Capital LLC grew its holdings in Mastercard by 48.4% in the 3rd quarter. Lone Pine Capital LLC now owns 1,746,342 shares of the credit services provider’s stock worth $691,394,000 after acquiring an additional 569,534 shares during the last quarter. Jennison Associates LLC increased its position in shares of Mastercard by 6.9% in the third quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock valued at $3,153,957,000 after acquiring an additional 515,481 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Mastercard by 30.4% during the third quarter. Envestnet Asset Management Inc. now owns 1,839,088 shares of the credit services provider’s stock worth $728,113,000 after purchasing an additional 428,627 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mastercard

In related news, CMO Venkata R. Madabhushi sold 16,037 shares of the 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 sale, the chief marketing officer now directly owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Craig Vosburg sold 13,542 shares of the company’s 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 sale, the insider now directly owns 46,491 shares of the company’s stock, valued at approximately $21,388,649.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.94, for a total transaction 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 $5,832,644.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 480,630 shares of company stock valued at $221,479,470. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Robert W. Baird boosted their price target on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. BMO Capital Markets upped their target price on Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Susquehanna reiterated a “positive” rating and issued a $535.00 price target on shares of Mastercard in a report on Wednesday, April 3rd. Royal Bank of Canada upped their price objective on shares of Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, JPMorgan Chase & Co. lifted 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. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $490.23.

Mastercard Stock Down 1.2 %

Mastercard stock opened at $457.03 on Tuesday. Mastercard Incorporated has a one year low of $357.85 and a one year high of $490.00. The stock has a fifty day moving average of $471.13 and a 200 day moving average of $437.01. 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 cap of $426.36 billion, a PE ratio of 38.63, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08.

Mastercard (NYSE:MA) last announced 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 company had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.46 billion. During the same period in the previous year, the business posted $2.65 earnings per share. As a group, sell-side analysts predict 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. Investors 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 annualized dividend and a yield of 0.58%. Mastercard’s dividend payout ratio (DPR) is presently 22.32%.

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.