Mastercard Incorporated (NYSE:MA) Stake Reduced by M&R Capital Management Inc.

M&R Capital Management Inc. cut its holdings in Mastercard Incorporated (NYSE:MA – Get Rating) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,335 shares of the credit services provider’s stock after selling 190 shares during the quarter. M&R Capital Management Inc.’s holdings in Mastercard were worth $1,160,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Coston McIsaac & Partners bought a new stake in Mastercard in the second quarter worth about $25,000. EWG Elevate Inc. acquired a new stake in Mastercard during the 4th quarter worth about $27,000. Legend Financial Advisors Inc. acquired a new stake in Mastercard during the 3rd quarter worth about $28,000. Grayhawk Investment Strategies Inc. acquired a new stake in Mastercard during the 2nd quarter worth about $31,000. Finally, Bangor Savings Bank raised its holdings in Mastercard by 163.5% during the 3rd quarter. Bangor Savings Bank now owns 137 shares of the credit services provider’s stock worth $39,000 after buying an additional 85 shares during the period. 74.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Hai Ling sold 8,220 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $356.31, for a total value of $2,928,868.20. Following the completion of the sale, the insider now directly owns 26,496 shares in the company, valued at approximately $9,440,789.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Hai Ling sold 8,220 shares of the company’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $356.31, for a total transaction of $2,928,868.20. Following the completion of the transaction, the insider now directly owns 26,496 shares in the company, valued at $9,440,789.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael Miebach sold 17,052 shares of the company’s stock in a transaction that occurred on Friday, January 27th. The stock was sold at an average price of $376.43, for a total value of $6,418,884.36. Following the transaction, the chief executive officer now owns 35,544 shares of the company’s stock, valued at $13,379,827.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 655,522 shares of company stock worth $242,724,561. 0.29% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on MA shares. Morgan Stanley boosted their price objective on Mastercard from $437.00 to $438.00 and gave the stock an “overweight” rating in a report on Friday, January 27th. Wolfe Research boosted their price objective on Mastercard from $395.00 to $415.00 in a report on Thursday, January 5th. StockNews.com downgraded Mastercard from a “buy” rating to a “hold” rating in a report on Monday, March 13th. Deutsche Bank Aktiengesellschaft lifted their target price on Mastercard from $375.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, January 27th. Finally, UBS Group lowered their target price on Mastercard from $456.00 to $441.00 and set a “buy” rating on the stock in a research note on Thursday, December 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $413.41.

Mastercard Stock Up 0.5 %

Shares of NYSE MA traded up $1.66 during trading hours on Friday, hitting $349.66. The stock had a trading volume of 8,426,918 shares, compared to its average volume of 2,903,498. The company has a market capitalization of $333.31 billion, a P/E ratio of 34.21, a P/E/G ratio of 1.66 and a beta of 1.11. The firm’s 50-day moving average price is $365.66 and its two-hundred day moving average price is $340.32. Mastercard Incorporated has a 52 week low of $276.87 and a 52 week high of $390.00. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.17 and a current ratio of 1.17.

Mastercard (NYSE:MA – Get Rating) last posted its earnings results on Thursday, January 26th. The credit services provider reported $2.65 earnings per share 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 period in the previous year, the company earned $2.35 EPS. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. Analysts anticipate that Mastercard Incorporated will post 12.13 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 9th. Investors 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 yield of 0.65%. Mastercard’s dividend payout ratio (DPR) 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.