Mastercard Incorporated (NYSE:MA) Shares Purchased by Peterson Wealth Management

Peterson Wealth Management increased its position in shares of Mastercard Incorporated (NYSE:MA) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,929 shares of the credit services provider’s stock after acquiring an additional 158 shares during the quarter. Mastercard makes up approximately 3.4% of Peterson Wealth Management’s holdings, making the stock its 11th biggest holding. Peterson Wealth Management’s holdings in Mastercard were worth $5,755,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. NewSquare Capital LLC acquired a new stake in shares of Mastercard in the fourth quarter valued at about $26,000. Marshall Investment Management LLC bought a new position in Mastercard during the 4th quarter worth approximately $30,000. Halbert Hargrove Global Advisors LLC bought a new position in Mastercard during the 4th quarter worth approximately $32,000. Navigoe LLC bought a new position in Mastercard during the 4th quarter worth approximately $33,000. Finally, Truvestments Capital LLC lifted its holdings in shares of Mastercard by 62.5% in the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Transactions at Mastercard

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MA shares. Seaport Res Ptn downgraded Mastercard from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods upped their price target on Mastercard from $618.00 to $665.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Citigroup raised their price target on shares of Mastercard from $584.00 to $650.00 and gave the company a “buy” rating in a report on Friday, January 31st. The Goldman Sachs Group reissued a “buy” rating and set a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. Finally, Macquarie upped their price objective on shares of Mastercard from $565.00 to $645.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $607.96.

Mastercard Stock Performance

NYSE:MA opened at $547.58 on Thursday. The company’s 50-day moving average price is $532.68 and its 200-day moving average price is $530.73. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The company has a market cap of $499.23 billion, a P/E ratio of 39.42, a P/E/G ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $582.23.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. On average, sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared 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. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.56%. Mastercard’s dividend payout ratio is currently 21.89%.

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.