Lyell Wealth Management LP Increases Position in Mastercard Incorporated (NYSE:MA)

Lyell Wealth Management LP lifted its position in Mastercard Incorporated (NYSE:MA) by 19.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 11,364 shares of the credit services provider’s stock after purchasing an additional 1,832 shares during the quarter. Lyell Wealth Management LP’s holdings in Mastercard were worth $4,847,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Disciplined Equity Management Inc. grew its stake in Mastercard by 2.2% during the fourth quarter. Disciplined Equity Management Inc. now owns 2,167 shares of the credit services provider’s stock valued at $924,000 after acquiring an additional 47 shares in the last quarter. Bailard Inc. grew its stake in Mastercard by 9.1% during the fourth quarter. Bailard Inc. now owns 3,901 shares of the credit services provider’s stock valued at $1,664,000 after acquiring an additional 327 shares in the last quarter. BIP Wealth LLC purchased a new position in Mastercard during the fourth quarter valued at $239,000. Tokio Marine Asset Management Co. Ltd. grew its stake in Mastercard by 4.3% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 74,358 shares of the credit services provider’s stock valued at $31,714,000 after acquiring an additional 3,087 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its stake in Mastercard by 4.8% during the fourth quarter. Atria Wealth Solutions Inc. now owns 61,112 shares of the credit services provider’s stock valued at $26,065,000 after acquiring an additional 2,802 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Trading Down 0.1 %

MA traded down $0.32 on Wednesday, reaching $462.50. 3,982,723 shares of the company traded hands, compared to its average volume of 2,420,361. Mastercard Incorporated has a one year low of $357.85 and a one year high of $490.00. The firm has a fifty day simple moving average of $471.65 and a two-hundred day simple moving average of $435.45. The company has a market cap of $431.46 billion, a P/E ratio of 39.10, a price-to-earnings-growth ratio of 1.73 and a beta of 1.08. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter last year, the business posted $2.65 EPS. As a group, equities research analysts expect that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be issued 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 yield of 0.57%. Mastercard’s payout ratio is 22.32%.

Insider Activity at Mastercard

In other news, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the sale, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the sale, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Craig Vosburg sold 13,542 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the completion of the sale, the insider now owns 46,491 shares of the company’s stock, valued at approximately $21,388,649.46. The disclosure for this sale can be found here. Insiders sold 257,630 shares of company stock worth $118,303,470 in the last 90 days. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Oppenheimer reissued an “outperform” rating and issued a $510.00 price objective on shares of Mastercard in a research note on Thursday, February 1st. Evercore ISI lifted their price objective on shares of Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Susquehanna reissued a “positive” rating and issued a $535.00 price objective on shares of Mastercard in a research note on Wednesday, April 3rd. Finally, Royal Bank of Canada lifted their price objective on shares of Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Two 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.