Everence Capital Management Inc. Takes Position in Mastercard Incorporated (NYSE:MA)


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Everence Capital Management Inc. bought a new stake in shares of Mastercard Incorporated (NYSE:MA) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 23,916 shares of the credit services provider’s stock, valued at approximately $8,515,000. Mastercard comprises approximately 0.8% of Everence Capital Management Inc.’s portfolio, making the stock its 17th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MA. Jeppson Wealth Management LLC bought a new stake in Mastercard in the third quarter worth $25,000. JFS Wealth Advisors LLC bought a new stake in Mastercard in the fourth quarter worth $25,000. TD Ameritrade Investment Management LLC bought a new stake in Mastercard in the fourth quarter worth $28,000. ForthRight Wealth Management LLC bought a new stake in Mastercard in the fourth quarter worth $31,000. Finally, Sittner & Nelson LLC bought a new stake in Mastercard in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 73.64% of the company’s stock.

MA traded up $6.67 on Thursday, hitting $377.75. The company had a trading volume of 111,831 shares, compared to its average volume of 4,468,171. The stock has a fifty day moving average price of $360.98 and a 200-day moving average price of $340.56. Mastercard Incorporated has a 12-month low of $244.10 and a 12-month high of $389.50. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market capitalization of $375.24 billion, a price-to-earnings ratio of 56.58, a P/E/G ratio of 2.56 and a beta of 1.19.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, January 28th. The credit services provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.13. Mastercard had a return on equity of 114.80% and a net margin of 43.13%. The company had revenue of $4.12 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the previous year, the firm earned $2.07 earnings per share. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. Analysts forecast that Mastercard Incorporated will post 6.31 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 7th. Shareholders of record on Friday, April 9th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Thursday, April 8th. Mastercard’s dividend payout ratio is presently 22.65%.

In other Mastercard news, insider Gilberto Caldart sold 7,528 shares of the firm’s stock in a transaction dated Thursday, February 4th. The stock was sold at an average price of $340.00, for a total value of $2,559,520.00. Following the completion of the sale, the insider now owns 9,100 shares of the company’s stock, valued at $3,094,000. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 13,248 shares of the firm’s stock in a transaction dated Friday, January 8th. The stock was sold at an average price of $350.73, for a total value of $4,646,471.04. Following the completion of the sale, the insider now directly owns 38,447 shares of the company’s stock, valued at approximately $13,484,516.31. The disclosure for this sale can be found here. In the last three months, insiders sold 768,468 shares of company stock valued at $254,295,843. Corporate insiders own 3.79% of the company’s stock.

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price target on Mastercard from $383.00 to $420.00 and gave the stock a “buy” rating in a research report on Thursday, January 14th. Truist lifted their target price on Mastercard from $415.00 to $450.00 in a research report on Friday, March 5th. Bank of America upgraded Mastercard from a “neutral” rating to a “buy” rating and set a $400.00 target price for the company in a research report on Wednesday, January 6th. Mizuho lifted their target price on Mastercard from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, March 15th. Finally, Sanford C. Bernstein initiated coverage on Mastercard in a research report on Wednesday, January 27th. They set an “outperform” rating and a $380.00 target price for the company. Four investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Mastercard has an average rating of “Buy” and a consensus target price of $367.26.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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