Greenleaf Trust Has $12.59 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Greenleaf Trust raised its stake in Mastercard Incorporated (NYSE:MA) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,520 shares of the credit services provider’s stock after buying an additional 423 shares during the period. Greenleaf Trust’s holdings in Mastercard were worth $12,591,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Resonant Capital Advisors LLC boosted its position in Mastercard by 64.5% in the fourth quarter. Resonant Capital Advisors LLC now owns 4,508 shares of the credit services provider’s stock valued at $1,923,000 after buying an additional 1,767 shares in the last quarter. Zhang Financial LLC lifted its holdings in shares of Mastercard by 4.2% during the fourth quarter. Zhang Financial LLC now owns 1,480 shares of the credit services provider’s stock worth $631,000 after purchasing an additional 59 shares during the period. Eukles Asset Management lifted its holdings in shares of Mastercard by 0.3% during the fourth quarter. Eukles Asset Management now owns 14,424 shares of the credit services provider’s stock worth $6,152,000 after purchasing an additional 42 shares during the period. Knights of Columbus Asset Advisors LLC lifted its holdings in shares of Mastercard by 1.0% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 16,851 shares of the credit services provider’s stock worth $7,187,000 after purchasing an additional 169 shares during the period. Finally, Ninepoint Partners LP lifted its holdings in shares of Mastercard by 5.1% during the fourth quarter. Ninepoint Partners LP now owns 3,066 shares of the credit services provider’s stock worth $1,308,000 after purchasing an additional 149 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 111,000 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $457.15, for a total value of $50,743,650.00. Following the sale, the insider now owns 97,432,308 shares in the company, valued at approximately $44,541,179,602.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Mastercard news, CMO Venkata R. Madabhushi sold 16,037 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 111,000 shares of the company’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $457.15, for a total transaction of $50,743,650.00. Following the completion of the sale, the insider now directly owns 97,432,308 shares of the company’s stock, valued at $44,541,179,602.20. The disclosure for this sale can be found here. Insiders have sold 148,728 shares of company stock worth $68,483,403 in the last quarter. Insiders own 0.13% of the company’s stock.

Mastercard Stock Up 0.2 %

MA traded up $0.69 during midday trading on Friday, hitting $455.39. The company had a trading volume of 2,545,303 shares, compared to its average volume of 2,408,385. Mastercard Incorporated has a 52 week low of $357.85 and a 52 week high of $490.00. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06. The company has a market capitalization of $424.83 billion, a price-to-earnings ratio of 38.42, a PEG ratio of 1.75 and a beta of 1.08. The stock’s 50 day moving average price is $471.75 and its 200 day moving average price is $433.36.

Mastercard (NYSE:MA) last posted its quarterly 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. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The firm had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the previous year, the firm posted $2.65 earnings per share. On average, research analysts anticipate that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.58%. Mastercard’s dividend payout ratio is presently 22.32%.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Mastercard from $504.00 to $520.00 and gave the stock an “overweight” rating in a report on Monday. Evercore ISI lifted their price target on shares of Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. William Blair reiterated an “outperform” rating on shares of Mastercard in a report on Wednesday, January 31st. Mizuho reiterated a “buy” rating and set a $480.00 price target on shares of Mastercard in a report on Wednesday, March 27th. Finally, KeyCorp lifted their price target on shares of Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Two investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and a consensus target price of $490.23.

Mastercard Company 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.