Evergreen Wealth Solutions LLC Increases Position in Mastercard Incorporated (NYSE:MA)

Evergreen Wealth Solutions LLC raised its position in shares of Mastercard Incorporated (NYSE:MA) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,677 shares of the credit services provider’s stock after buying an additional 168 shares during the period. Mastercard comprises about 1.0% of Evergreen Wealth Solutions LLC’s holdings, making the stock its 20th largest holding. Evergreen Wealth Solutions LLC’s holdings in Mastercard were worth $1,409,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. NewSquare Capital LLC purchased a new position in shares of Mastercard in the fourth quarter valued at approximately $26,000. Marshall Investment Management LLC acquired a new position in shares of Mastercard in the fourth quarter worth $30,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Mastercard in the fourth quarter worth $32,000. Truvestments Capital LLC increased its position in shares of Mastercard by 62.5% during the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 25 shares during the period. Finally, CoreFirst Bank & Trust acquired a new stake in shares of Mastercard in the fourth quarter valued at $37,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now directly owns 34,524 shares of the company’s stock, valued at approximately $18,459,292.32. The trade was a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Michael Miebach sold 15,775 shares of the company’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the sale, the chief executive officer now directly owns 84,871 shares in the company, valued at $46,692,629.36. This trade represents a 15.67 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Mastercard Price Performance

Shares of MA opened at $534.39 on Tuesday. The firm has a market capitalization of $487.21 billion, a PE ratio of 38.47, a P/E/G ratio of 2.37 and a beta of 1.06. The stock’s 50 day moving average is $533.35 and its two-hundred day moving average is $530.55. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $582.23. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio (DPR) is 21.89%.

Analyst Upgrades and Downgrades

MA has been the topic of a number of analyst reports. Barclays increased their price target on Mastercard from $595.00 to $650.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. raised their target price on shares of Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Morgan Stanley lowered their price target on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Tigress Financial restated a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. Six equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $607.96.

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.