Gibraltar Capital Management Inc. Sells 1,159 Shares of Mastercard Incorporated (NYSE:MA)

Gibraltar Capital Management Inc. cut its position in shares of Mastercard Incorporated (NYSE:MA) by 5.0% during the 4th quarter, Holdings Channel reports. The firm owned 22,164 shares of the credit services provider’s stock after selling 1,159 shares during the quarter. Mastercard comprises 4.0% of Gibraltar Capital Management Inc.’s portfolio, making the stock its 7th biggest holding. Gibraltar Capital Management Inc.’s holdings in Mastercard were worth $9,453,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in shares of 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 buying an additional 2,929,940 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Mastercard by 3,339.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 815,506 shares of the credit services provider’s stock worth $322,867,000 after buying an additional 791,799 shares during the period. Lone Pine Capital LLC boosted its holdings in shares of Mastercard by 48.4% during the 3rd quarter. Lone Pine Capital LLC now owns 1,746,342 shares of the credit services provider’s stock worth $691,394,000 after buying an additional 569,534 shares during the period. Jennison Associates LLC boosted its holdings in shares of Mastercard by 6.9% during the 3rd quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock worth $3,153,957,000 after buying an additional 515,481 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Mastercard by 30.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,839,088 shares of the credit services provider’s stock worth $728,113,000 after buying an additional 428,627 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the transaction, the insider now directly owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the transaction, the insider now directly owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $5,832,644.70. The disclosure for this sale can be found here. Insiders sold a total of 480,630 shares of company stock worth $221,479,470 in the last three months. 0.13% of the stock is owned by corporate insiders.

Mastercard Price Performance

MA stock traded down $5.91 during trading on Tuesday, reaching $451.19. 2,696,679 shares of the company were exchanged, compared to its average volume of 2,410,313. The company has a 50-day moving average of $471.12 and a two-hundred day moving average of $437.38. The company has a market capitalization of $420.91 billion, a price-to-earnings ratio of 38.14, a P/E/G ratio of 1.76 and a beta of 1.08. Mastercard Incorporated has a twelve month low of $357.85 and a twelve month high of $490.00. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, topping 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 EPS. As a group, equities analysts predict that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio is 22.32%.

Analyst Ratings Changes

MA has been the subject of several research analyst reports. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a report on Wednesday, January 31st. KeyCorp boosted their price objective on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Royal Bank of Canada boosted their price objective on shares of Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Oppenheimer reissued an “outperform” rating and issued a $510.00 price objective on shares of Mastercard in a report on Thursday, February 1st. Finally, Evercore ISI boosted their price objective on shares of Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus 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.