Mastercard Incorporated (NYSE:MA) Shares Sold by Fiduciary Group LLC

Fiduciary Group LLC cut its holdings in Mastercard Incorporated (NYSE:MA) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,396 shares of the credit services provider’s stock after selling 201 shares during the quarter. Mastercard comprises 0.9% of Fiduciary Group LLC’s holdings, making the stock its 29th largest position. Fiduciary Group LLC’s holdings in Mastercard were worth $7,846,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC grew its stake in Mastercard by 43,445.1% during the 4th quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock valued at $1,252,525,000 after purchasing an additional 2,929,940 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Mastercard by 3,339.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 815,506 shares of the credit services provider’s stock worth $322,867,000 after buying an additional 791,799 shares during the period. Lone Pine Capital LLC raised its position in Mastercard by 48.4% during the 3rd quarter. Lone Pine Capital LLC now owns 1,746,342 shares of the credit services provider’s stock worth $691,394,000 after buying an additional 569,534 shares during the last quarter. Jennison Associates LLC lifted its stake in Mastercard by 6.9% during the 3rd quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock valued at $3,153,957,000 after acquiring an additional 515,481 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Mastercard by 30.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,839,088 shares of the credit services provider’s stock valued at $728,113,000 after acquiring an additional 428,627 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE MA traded up $0.31 during trading hours on Friday, hitting $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 market cap of $431.39 billion, a PE ratio of 39.09, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.17. The business has a 50 day moving average of $471.35 and a 200-day moving average of $436.35. Mastercard Incorporated has a 1-year low of $357.85 and a 1-year high of $490.00.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.10. The business had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. During the same quarter in the previous year, the firm earned $2.65 earnings per share. As a group, equities research analysts expect that Mastercard Incorporated will post 14.35 EPS for the current year.

Mastercard Dividend Announcement

The company 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 is Monday, April 8th. This represents a $2.64 annualized dividend and a yield of 0.57%. Mastercard’s dividend payout ratio is presently 22.32%.

Analyst Ratings Changes

A number of research analysts recently issued reports on MA shares. The Goldman Sachs Group boosted their target price on shares of Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Wells Fargo & Company boosted their target price on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. William Blair reissued an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. TD Cowen started coverage on Mastercard in a research note on Thursday, April 11th. They issued a “buy” rating and a $545.00 target price for the company. Finally, Raymond James boosted their price target on shares of Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Two equities 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 has an average rating of “Moderate Buy” and a consensus target price of $490.23.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $462.78, for a total transaction of $50,443,020.00. Following the completion of the transaction, the insider now owns 96,996,308 shares in the company, valued at $44,887,951,416.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CMO Venkata R. Madabhushi sold 16,037 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the sale, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at $5,832,644.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $462.78, for a total value of $50,443,020.00. Following the sale, the insider now owns 96,996,308 shares of the company’s stock, valued at approximately $44,887,951,416.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 366,630 shares of company stock worth $168,746,490. 0.13% of the stock is owned by corporate insiders.

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.