Magnolia Capital Advisors LLC Has $347,000 Position in Mastercard Incorporated (NYSE:MA)

Magnolia Capital Advisors LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 42.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 779 shares of the credit services provider’s stock after buying an additional 233 shares during the period. Magnolia Capital Advisors LLC’s holdings in Mastercard were worth $347,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in MA. LFA Lugano Financial Advisors SA acquired a new position in Mastercard in the fourth quarter worth about $27,000. Criterion Capital Advisors LLC acquired a new position in Mastercard in the fourth quarter worth about $33,000. Barometer Capital Management Inc. acquired a new position in Mastercard in the third quarter worth about $36,000. Thomas J. Herzfeld Advisors Inc. raised its position in Mastercard by 661.5% in the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 99 shares of the credit services provider’s stock worth $39,000 after purchasing an additional 86 shares in the last quarter. Finally, JCIC Asset Management Inc. raised its position in Mastercard by 34.0% in the fourth quarter. JCIC Asset Management Inc. now owns 134 shares of the credit services provider’s stock worth $57,000 after purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction 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 sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Foundation Mastercard sold 200 shares of Mastercard 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 approximately $47,527,976,823. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Miebach sold 7,851 shares of Mastercard stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the completion of the transaction, the chief executive officer now directly owns 47,640 shares of the company’s stock, valued at approximately $22,672,828.80. The disclosure for this sale can be found here. Insiders have sold a total of 257,630 shares of company stock worth $118,303,470 over the last ninety days. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Mizuho reissued a “buy” rating and issued a $480.00 price target on shares of Mastercard in a research report on Wednesday, March 27th. The Goldman Sachs Group raised their price objective on shares of Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. KeyCorp raised their price objective on shares of Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Susquehanna reaffirmed a “positive” rating and set a $535.00 price objective on shares of Mastercard in a report on Wednesday, April 3rd. Finally, Raymond James raised 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. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $490.23.

Mastercard Trading Down 0.1 %

Shares of NYSE MA traded down $0.32 during midday trading on Wednesday, reaching $462.50. 3,982,723 shares of the stock were exchanged, compared to its average volume of 2,420,361. The business has a 50-day simple moving average of $471.65 and a two-hundred day simple moving average of $435.45. The company has a market capitalization of $431.46 billion, a price-to-earnings ratio of 39.10, a P/E/G ratio of 1.73 and a beta of 1.08. Mastercard Incorporated has a 12 month low of $357.85 and a 12 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 issued its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $6.46 billion. During the same period last year, the business posted $2.65 earnings per share. As a group, equities research analysts expect that Mastercard Incorporated will post 14.35 EPS for the current 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 issued a dividend of $0.66 per share. 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 0.57%. Mastercard’s payout ratio is 22.32%.

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.