Fulton Breakefield Broenniman LLC Sells 45 Shares of Mastercard Incorporated (NYSE:MA)

Fulton Breakefield Broenniman LLC lowered its stake in Mastercard Incorporated (NYSE:MA) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 612 shares of the credit services provider’s stock after selling 45 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Mastercard were worth $261,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Northern Trust Corp boosted its stake in Mastercard by 2.9% in the 3rd quarter. Northern Trust Corp now owns 9,075,358 shares of the credit services provider’s stock worth $3,593,025,000 after purchasing an additional 251,516 shares during the period. Jennison Associates LLC boosted its stake in Mastercard by 6.9% in the 3rd quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock worth $3,153,957,000 after purchasing an additional 515,481 shares during the period. Ameriprise Financial Inc. boosted its stake in Mastercard by 5.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,510,259 shares of the credit services provider’s stock worth $2,181,964,000 after purchasing an additional 306,663 shares during the period. Royal Bank of Canada boosted its stake in Mastercard by 1.1% in the 3rd quarter. Royal Bank of Canada now owns 5,314,881 shares of the credit services provider’s stock worth $2,104,214,000 after purchasing an additional 56,642 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Mastercard by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,557,530 shares of the credit services provider’s stock valued at $1,804,372,000 after acquiring an additional 16,019 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 0.1 %

Mastercard stock traded up $0.31 during trading hours on Friday, reaching $462.42. The company had a trading volume of 1,963,273 shares, compared to its average volume of 2,212,406. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17. Mastercard Incorporated has a 12-month low of $357.85 and a 12-month high of $490.00. The firm has a market cap of $431.39 billion, a price-to-earnings ratio of 39.09, a P/E/G ratio of 1.75 and a beta of 1.08. The company has a 50-day moving average price of $471.35 and a 200 day moving average price of $436.10.

Mastercard (NYSE:MA) last posted 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 return on equity of 191.22% and a net margin of 44.60%. The firm had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the previous year, the firm earned $2.65 earnings per share. Equities analysts forecast that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 annualized dividend and a dividend yield of 0.57%. Mastercard’s dividend payout ratio (DPR) is presently 22.32%.

Insider Activity

In related news, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the sale, the insider now directly owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the sale, the insider now directly owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Craig Vosburg sold 13,542 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $460.06, for a total value of $6,230,132.52. Following the completion of the sale, the insider now directly owns 46,491 shares in the company, valued at $21,388,649.46. The disclosure for this sale can be found here. Over the last three months, insiders have sold 366,630 shares of company stock valued at $168,746,490. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of research analyst reports. Robert W. Baird lifted their price target on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Royal Bank of Canada lifted their price target on Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Evercore ISI lifted their price target on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Wells Fargo & Company lifted their price target on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Finally, Susquehanna reiterated a “positive” rating and set a $535.00 price target on shares of Mastercard in a research report on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $490.23.

Mastercard 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.