MADDEN SECURITIES Corp Takes Position in Mastercard Incorporated (NYSE:MA)

MADDEN SECURITIES Corp acquired a new position in Mastercard Incorporated (NYSE:MA – Get Rating) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 742 shares of the credit services provider’s stock, valued at approximately $258,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its holdings in shares of Mastercard by 5.3% during the 3rd quarter. Van ECK Associates Corp now owns 135,993 shares of the credit services provider’s stock valued at $38,668,000 after purchasing an additional 6,905 shares in the last quarter. Xponance Inc. lifted its position in shares of Mastercard by 8.1% during the 3rd quarter. Xponance Inc. now owns 174,257 shares of the credit services provider’s stock valued at $49,548,000 after acquiring an additional 13,004 shares during the period. Ossiam lifted its position in shares of Mastercard by 747.1% during the 2nd quarter. Ossiam now owns 6,201 shares of the credit services provider’s stock valued at $1,956,000 after acquiring an additional 5,469 shares during the period. Compton Wealth Advisory Group LLC lifted its position in shares of Mastercard by 14.2% during the 3rd quarter. Compton Wealth Advisory Group LLC now owns 3,073 shares of the credit services provider’s stock worth $874,000 after buying an additional 382 shares during the last quarter. Finally, Resources Investment Advisors LLC. lifted its position in shares of Mastercard by 1.7% during the 3rd quarter. Resources Investment Advisors LLC. now owns 4,631 shares of the credit services provider’s stock worth $1,317,000 after buying an additional 77 shares during the last quarter. 74.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 258,821 shares of Mastercard stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $370.69, for a total value of $95,942,356.49. Following the transaction, the insider now owns 101,598,379 shares in the company, valued at $37,661,503,111.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Craig Vosburg sold 6,333 shares of the business’s stock in a transaction dated Thursday, January 12th. The stock was sold at an average price of $380.05, for a total transaction of $2,406,856.65. Following the transaction, the insider now owns 41,314 shares in the company, valued at approximately $15,701,385.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 258,821 shares of the business’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $370.69, for a total value of $95,942,356.49. Following the transaction, the insider now owns 101,598,379 shares in the company, valued at approximately $37,661,503,111.51. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 655,522 shares of company stock worth $242,724,561. Company insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MA shares. StockNews.com cut Mastercard from a “buy” rating to a “hold” rating in a research note on Monday, March 13th. Redburn Partners initiated coverage on Mastercard in a report on Tuesday, November 29th. They issued a “neutral” rating on the stock. Wolfe Research raised their target price on Mastercard from $395.00 to $415.00 in a report on Thursday, January 5th. Raymond James increased their price target on Mastercard from $406.00 to $450.00 and gave the company an “outperform” rating in a research report on Friday, January 27th. Finally, Wells Fargo & Company increased their price target on Mastercard from $365.00 to $405.00 and gave the company an “overweight” rating in a research report on Thursday, December 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and an average target price of $413.41.

Mastercard Price Performance

MA stock traded up $1.66 during mid-day trading on Friday, hitting $349.66. 8,426,918 shares of the stock were exchanged, compared to its average volume of 2,903,498. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.17 and a quick ratio of 1.17. The business has a fifty day moving average price of $365.66 and a 200 day moving average price of $340.32. Mastercard Incorporated has a 12 month low of $276.87 and a 12 month high of $390.00. The stock has a market capitalization of $333.31 billion, a price-to-earnings ratio of 34.21, a PEG ratio of 1.66 and a beta of 1.11.

Mastercard (NYSE:MA – Get Rating) last issued its quarterly earnings results on Thursday, January 26th. The credit services provider reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.09. Mastercard had a return on equity of 158.38% and a net margin of 44.65%. The firm had revenue of $5.82 billion during the quarter, compared to analyst estimates of $5.79 billion. During the same quarter in the previous year, the company posted $2.35 earnings per share. The company’s revenue was up 11.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Mastercard Incorporated will post 12.13 EPS for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 9th. Stockholders of record on Friday, April 7th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $2.28 annualized dividend and a dividend yield of 0.65%. Mastercard’s dividend payout ratio is currently 22.31%.

Mastercard Profile

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Mastercard, Inc is a technology company, which engages in the payments industry that connects consumers, financial institutions, merchants, governments, and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial, and payment programs. The company was founded in November 1966 and is headquartered in Purchase, NY.