MONECO Advisors LLC Purchases 5,243 Shares of Mastercard Incorporated (NYSE:MA)

MONECO Advisors LLC boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 391.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,583 shares of the credit services provider’s stock after purchasing an additional 5,243 shares during the period. MONECO Advisors LLC’s holdings in Mastercard were worth $2,808,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its holdings in Mastercard by 43,445.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock valued at $1,252,525,000 after purchasing an additional 2,929,940 shares during the period. Assenagon Asset Management S.A. grew its holdings in Mastercard by 3,339.9% during the third quarter. Assenagon Asset Management S.A. now owns 815,506 shares of the credit services provider’s stock valued at $322,867,000 after purchasing an additional 791,799 shares during the period. Lone Pine Capital LLC grew its holdings in Mastercard by 48.4% during the third quarter. Lone Pine Capital LLC now owns 1,746,342 shares of the credit services provider’s stock valued at $691,394,000 after purchasing an additional 569,534 shares during the period. Jennison Associates LLC grew its holdings in Mastercard by 6.9% during the third 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. Finally, Envestnet Asset Management Inc. grew its holdings in Mastercard by 30.4% during the third quarter. Envestnet Asset Management Inc. now owns 1,839,088 shares of the credit services provider’s stock valued at $728,113,000 after purchasing an additional 428,627 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Mizuho reaffirmed a “buy” rating and issued a $480.00 price target on shares of Mastercard in a research note on Wednesday, March 27th. Raymond James lifted their price target on shares of Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. BMO Capital Markets boosted their price objective on shares of Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. JPMorgan Chase & Co. boosted their price objective on shares of Mastercard from $504.00 to $520.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Finally, Oppenheimer reissued an “outperform” rating and issued a $510.00 price objective on shares of Mastercard in a research report on Thursday, February 1st. Two equities research 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $490.23.

Mastercard Stock Performance

Shares of MA stock traded down $5.91 on Tuesday, hitting $451.19. The company’s stock had a trading volume of 2,696,679 shares, compared to its average volume of 2,410,313. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.17. The stock’s 50 day moving average is $471.13 and its 200-day moving average is $437.01. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The company has a market capitalization of $420.91 billion, a PE ratio of 38.37, a PEG ratio of 1.76 and a beta of 1.08.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 EPS 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 business had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the prior year, the company posted $2.65 earnings per share. Equities research analysts expect that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced 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 0.59%. Mastercard’s dividend payout ratio (DPR) is currently 22.32%.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction dated 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 owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Michael Miebach sold 7,851 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $475.92, for a total value of $3,736,447.92. Following the completion of the transaction, the chief executive officer now owns 47,640 shares in the company, valued at approximately $22,672,828.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 200 shares of the firm’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 transaction of $97,450.00. Following the completion of 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. Over the last 90 days, insiders sold 480,630 shares of company stock valued at $221,479,470. 0.13% of the stock is currently owned by insiders.

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.