Intellectus Partners LLC Reduces Stock Position in Mastercard Incorporated (NYSE:MA)

Intellectus Partners LLC trimmed its position in Mastercard Incorporated (NYSE:MA) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,009 shares of the credit services provider’s stock after selling 40 shares during the period. Intellectus Partners LLC’s holdings in Mastercard were worth $1,284,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MA. Paradigm Financial Partners LLC lifted its holdings in shares of Mastercard by 2.3% during the 4th quarter. Paradigm Financial Partners LLC now owns 16,667 shares of the credit services provider’s stock worth $7,108,000 after acquiring an additional 374 shares during the last quarter. Sargent Investment Group LLC lifted its holdings in shares of Mastercard by 69.0% during the 4th quarter. Sargent Investment Group LLC now owns 4,513 shares of the credit services provider’s stock worth $1,925,000 after acquiring an additional 1,843 shares during the last quarter. Stonebrook Private Inc. bought a new stake in shares of Mastercard during the 4th quarter worth $612,000. Principle Wealth Partners LLC raised its position in Mastercard by 1.3% in the 4th quarter. Principle Wealth Partners LLC now owns 4,979 shares of the credit services provider’s stock worth $2,124,000 after purchasing an additional 63 shares during the period. Finally, PGGM Investments raised its position in Mastercard by 3.9% in the 4th quarter. PGGM Investments now owns 105,618 shares of the credit services provider’s stock worth $45,047,000 after purchasing an additional 3,992 shares during the period. 97.28% of the stock is owned by institutional investors.

Insider Transactions at Mastercard

In related news, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the transaction, the insider now owns 97,543,308 shares in the company, valued at $47,527,976,823. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Mastercard news, CMO Venkata R. Madabhushi sold 16,037 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the completion of the transaction, the chief marketing officer now owns 12,255 shares in the company, valued at $5,832,644.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the transaction, the insider now owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The disclosure for this sale can be found here. Insiders sold a total of 366,630 shares of company stock valued at $168,746,490 over the last three months. Corporate insiders own 0.13% of the company’s stock.

Mastercard Stock Up 0.1 %

Shares of NYSE MA traded up $0.31 during midday trading on Friday, hitting $462.42. The stock had a trading volume of 1,963,273 shares, compared to its average volume of 2,212,406. Mastercard Incorporated has a 52 week low of $357.85 and a 52 week high of $490.00. The company has a market cap of $431.39 billion, a P/E ratio of 39.09, a PEG ratio of 1.76 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. The business’s 50 day moving average is $471.35 and its 200-day moving average is $436.35.

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

Mastercard Dividend Announcement

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 paid a $0.66 dividend. The ex-dividend date 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 presently 22.32%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Robert W. Baird lifted their target price on shares of Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Oppenheimer reiterated an “outperform” rating and issued a $510.00 target price on shares of Mastercard in a research report on Thursday, February 1st. Raymond James lifted their target price on shares of Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. KeyCorp boosted their price objective on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Finally, Wells Fargo & Company boosted their price objective on shares of Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.