57,923 Shares in Mastercard Incorporated (NYSE:MA) Bought by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC bought a new stake in Mastercard Incorporated (NYSE:MA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 57,923 shares of the credit services provider’s stock, valued at approximately $30,501,000.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. UBS Group decreased their price objective on Mastercard from $660.00 to $640.00 and set a “buy” rating for the company in a research report on Friday. DZ Bank upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price target for the company in a report on Tuesday, February 4th. Seaport Res Ptn lowered shares of Mastercard from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Morgan Stanley reduced their target price on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Finally, Piper Sandler reiterated an “overweight” rating and set a $635.00 target price (up previously from $591.00) on shares of Mastercard in a report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $606.18.

Insiders Place Their Bets

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

Mastercard Stock Performance

Shares of NYSE MA opened at $559.18 on Monday. 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 capitalization of $509.81 billion, a P/E ratio of 40.26, a P/E/G ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $582.23. The stock has a 50 day moving average of $532.33 and a 200-day moving average of $531.61.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. The firm had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business posted $3.31 earnings per share. As a group, equities research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be issued a $0.76 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.54%. Mastercard’s dividend payout ratio is currently 21.32%.

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.