Hexagon Capital Partners LLC Buys 195 Shares of Mastercard Incorporated (NYSE:MA)

Hexagon Capital Partners LLC increased its stake in Mastercard Incorporated (NYSE:MA) by 23.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,037 shares of the credit services provider’s stock after acquiring an additional 195 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Mastercard were worth $442,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Northern Trust Corp increased its stake in shares of Mastercard by 2.9% in the 3rd quarter. Northern Trust Corp now owns 9,075,358 shares of the credit services provider’s stock valued at $3,593,025,000 after acquiring an additional 251,516 shares in the last quarter. Jennison Associates LLC grew its position in Mastercard by 6.9% in the 3rd quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock valued at $3,153,957,000 after purchasing an additional 515,481 shares during the period. Ameriprise Financial Inc. grew its position in Mastercard by 5.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,510,259 shares of the credit services provider’s stock valued at $2,181,964,000 after purchasing an additional 306,663 shares during the period. Royal Bank of Canada grew its position in Mastercard by 1.1% in the 3rd quarter. Royal Bank of Canada now owns 5,314,881 shares of the credit services provider’s stock valued at $2,104,214,000 after purchasing an additional 56,642 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Mastercard by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,557,530 shares of the credit services provider’s stock valued at $1,804,372,000 after purchasing an additional 16,019 shares during the period. Institutional investors own 97.28% of the company’s stock.

Insider Activity

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 transaction of $6,230,132.52. Following the sale, the insider now directly owns 46,491 shares in the company, valued at $21,388,649.46. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Mastercard news, insider Craig Vosburg sold 13,542 shares of the company’s stock in a transaction that occurred on 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 legal filing with the SEC, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now directly 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 have sold a total of 480,630 shares of company stock worth $221,479,470 over the last ninety days. Company insiders own 0.13% of the company’s stock.

Mastercard Stock Performance

Mastercard stock traded down $5.91 during midday trading on Tuesday, reaching $451.19. The stock had a trading volume of 2,696,679 shares, compared to its average volume of 2,410,313. Mastercard Incorporated has a 12 month low of $357.85 and a 12 month high of $490.00. The firm’s 50-day moving average price is $471.12 and its 200 day moving average price is $437.38. The firm has a market capitalization of $420.91 billion, a PE ratio of 38.14, a P/E/G 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.

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 the consensus estimate of $3.08 by $0.10. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The firm had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the prior year, the business posted $2.65 earnings per share. As a group, research analysts predict that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MA. BMO Capital Markets lifted their price target on shares of Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. JPMorgan Chase & Co. lifted their price target on shares of Mastercard from $504.00 to $520.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Susquehanna reaffirmed a “positive” rating and set a $535.00 price objective on shares of Mastercard in a report on Wednesday, April 3rd. Raymond James lifted their price objective on shares of Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, Mizuho reaffirmed a “buy” rating and set a $480.00 price objective on shares of Mastercard in a report on Wednesday, March 27th. Two equities research 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 company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $490.23.

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.