Doheny Asset Management CA Invests $213,000 in Mastercard Incorporated (NYSE:MA)

Doheny Asset Management CA purchased a new position in Mastercard Incorporated (NYSE:MA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 500 shares of the credit services provider’s stock, valued at approximately $213,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of MA. FinTrust Capital Advisors LLC grew its holdings in shares of Mastercard by 26.6% in the third quarter. FinTrust Capital Advisors LLC now owns 1,046 shares of the credit services provider’s stock valued at $414,000 after purchasing an additional 220 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Mastercard by 3.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 283,417 shares of the credit services provider’s stock valued at $112,208,000 after purchasing an additional 9,905 shares in the last quarter. Stratos Wealth Advisors LLC grew its holdings in shares of Mastercard by 3.8% in the third quarter. Stratos Wealth Advisors LLC now owns 6,803 shares of the credit services provider’s stock valued at $2,693,000 after purchasing an additional 247 shares in the last quarter. Talbot Financial LLC grew its holdings in shares of Mastercard by 1.6% in the third quarter. Talbot Financial LLC now owns 14,375 shares of the credit services provider’s stock valued at $5,691,000 after purchasing an additional 227 shares in the last quarter. Finally, Redwood Investments LLC grew its holdings in shares of Mastercard by 145.8% in the third quarter. Redwood Investments LLC now owns 5,130 shares of the credit services provider’s stock valued at $2,031,000 after purchasing an additional 3,043 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Performance

MA stock traded down $0.08 on Thursday, hitting $441.99. The company’s stock had a trading volume of 2,256,565 shares, compared to its average volume of 2,437,372. The firm has a 50 day moving average of $470.78 and a two-hundred day moving average of $437.42. Mastercard Incorporated has a 1 year low of $357.85 and a 1 year high of $490.00. The stock has a market cap of $412.33 billion, a price-to-earnings ratio of 37.36, a price-to-earnings-growth ratio of 1.71 and a beta of 1.08. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating the consensus estimate of $3.22 by $0.09. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter in the prior year, the firm earned $2.80 EPS. Mastercard’s revenue for the quarter was up 10.4% on a year-over-year basis. Equities analysts predict that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be given a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 annualized dividend and a yield of 0.60%. Mastercard’s dividend payout ratio (DPR) is 22.32%.

Insider Activity at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 16,037 shares of the company’s 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 approximately $5,832,644.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Mastercard news, CMO Venkata R. Madabhushi sold 16,037 shares of the company’s 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 approximately $5,832,644.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 111,000 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $457.15, for a total transaction of $50,743,650.00. Following the transaction, the insider now owns 97,432,308 shares of the company’s stock, valued at approximately $44,541,179,602.20. The disclosure for this sale can be found here. Insiders sold a total of 467,088 shares of company stock worth $215,249,338 in the last 90 days. 0.13% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of research reports. Morgan Stanley dropped their price objective on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a report on Thursday. Evercore ISI boosted their price target on shares of Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. BMO Capital Markets boosted their price target on shares of Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Royal Bank of Canada boosted their price target on shares of Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, Robert W. Baird boosted their price target on shares of Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Two 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 data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and an average target price of $493.55.

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.