Mastercard Incorporated (NYSE:MA) Shares Purchased by Addison Advisors LLC

Addison Advisors LLC boosted its stake in Mastercard Incorporated (NYSE:MA) by 16.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 400 shares of the credit services provider’s stock after acquiring an additional 56 shares during the period. Addison Advisors LLC’s holdings in Mastercard were worth $171,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Gilliland Jeter Wealth Management LLC purchased a new position in shares of Mastercard during the fourth quarter worth approximately $834,000. Headlands Technologies LLC acquired a new stake in Mastercard during the 4th quarter worth approximately $1,157,000. Citizens Financial Group Inc. RI grew its position in Mastercard by 25.0% in the 4th quarter. Citizens Financial Group Inc. RI now owns 4,798 shares of the credit services provider’s stock valued at $2,046,000 after buying an additional 961 shares during the last quarter. Golden State Equity Partners boosted its holdings in shares of Mastercard by 7.2% in the fourth quarter. Golden State Equity Partners now owns 2,702 shares of the credit services provider’s stock valued at $1,153,000 after acquiring an additional 182 shares in the last quarter. Finally, Raab & Moskowitz Asset Management LLC boosted its holdings in Mastercard by 11.6% in the 4th quarter. Raab & Moskowitz Asset Management LLC now owns 1,535 shares of the credit services provider’s stock valued at $655,000 after purchasing an additional 159 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Evercore ISI upped their price target on shares of Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Susquehanna reaffirmed a “positive” rating and issued a $535.00 target price on shares of Mastercard in a report on Wednesday, April 3rd. Raymond James boosted their price target on Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Wells Fargo & Company lifted their price objective on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Finally, William Blair reiterated an “outperform” rating on shares of Mastercard in a research report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $490.23.

Insider Transactions at Mastercard

In other news, insider Craig Vosburg sold 13,542 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $460.06, for a total value of $6,230,132.52. Following the completion of the sale, the insider now owns 46,491 shares of the company’s stock, valued at $21,388,649.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Craig Vosburg sold 13,542 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $460.06, for a total value of $6,230,132.52. Following the completion of the sale, the insider now owns 46,491 shares of the company’s stock, valued at $21,388,649.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the 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 owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 366,630 shares of company stock worth $168,746,490. 0.13% of the stock is currently owned by company insiders.

Mastercard Trading Up 0.1 %

Shares of MA traded up $0.31 during mid-day trading 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. Mastercard Incorporated has a 1-year low of $357.85 and a 1-year high of $490.00. The business’s 50-day simple moving average is $471.35 and its 200-day simple moving average is $436.10. The stock has a market cap of $431.39 billion, a PE ratio of 39.09, a P/E/G ratio of 1.75 and a beta of 1.08. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.10. The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.46 billion. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. During the same quarter last year, the business earned $2.65 EPS. Sell-side analysts forecast that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders 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 0.57%. Mastercard’s dividend payout ratio (DPR) is 22.32%.

About Mastercard

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.