Mastercard Incorporated (NYSE:MA) Shares Acquired by Oakworth Capital Inc.

Oakworth Capital Inc. lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 6.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,689 shares of the credit services provider’s stock after purchasing an additional 167 shares during the quarter. Oakworth Capital Inc.’s holdings in Mastercard were worth $1,147,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in Mastercard in the 4th quarter valued at $3,308,223,000. Moneta Group Investment Advisors LLC increased its position in Mastercard by 111,819.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,983,231 shares of the credit services provider’s stock worth $2,080,549,000 after purchasing an additional 5,977,885 shares in the last quarter. International Assets Investment Management LLC increased its position 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 worth $1,252,525,000 after purchasing an additional 2,929,940 shares in the last quarter. Morgan Stanley grew its holdings in Mastercard by 17.7% in the 4th quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock valued at $5,509,328,000 after buying an additional 2,385,640 shares during the period. Finally, Barclays PLC grew its holdings in Mastercard by 145.7% in the 2nd quarter. Barclays PLC now owns 2,960,242 shares of the credit services provider’s stock valued at $1,164,263,000 after buying an additional 1,755,483 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on MA shares. Oppenheimer restated an “outperform” rating and issued a $510.00 price target on shares of Mastercard in a report on Thursday, February 1st. William Blair reiterated an “outperform” rating on shares of Mastercard in a report on Wednesday, January 31st. TD Cowen started coverage on Mastercard in a report on Thursday, April 11th. They set a “buy” rating and a $545.00 target price for the company. The Goldman Sachs Group boosted their price target on Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, Raymond James upped their target price on Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Two investment 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $485.91.

Insider Activity at Mastercard

In other news, CMO Venkata R. Madabhushi sold 16,037 shares of Mastercard stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the completion of the sale, the chief marketing officer now directly owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CMO Venkata R. Madabhushi sold 16,037 shares of Mastercard 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 completion of the sale, the chief marketing officer now directly owns 12,255 shares of the company’s stock, valued at $5,832,644.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 200 shares of Mastercard 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 disclosure for this sale can be found here. Insiders sold 41,728 shares of company stock valued at $19,479,753 in the last three months. Corporate insiders own 0.13% of the company’s stock.

Mastercard Price Performance

Shares of Mastercard stock traded up $0.42 during midday trading on Wednesday, hitting $460.24. 1,033,555 shares of the company were exchanged, compared to its average volume of 2,402,064. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $429.35 billion, a P/E ratio of 38.84, a PEG ratio of 1.74 and a beta of 1.08. Mastercard Incorporated has a 52 week low of $357.85 and a 52 week high of $490.00. The firm has a 50 day simple moving average of $471.86 and a 200-day simple moving average of $433.03.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, topping the consensus estimate of $3.08 by $0.10. The business had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.46 billion. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. During the same quarter last year, the company earned $2.65 EPS. Research analysts forecast that Mastercard Incorporated will post 14.36 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.57%. Mastercard’s dividend payout ratio is 22.32%.

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.