Moseley Investment Management Inc. lessened its position in Mastercard Inc (NYSE:MA) by 4.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,477 shares of the credit services provider’s stock after selling 73 shares during the period. Moseley Investment Management Inc.’s holdings in Mastercard were worth $441,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MA. United Bank increased its holdings in Mastercard by 114.2% in the second quarter. United Bank now owns 2,061 shares of the credit services provider’s stock worth $545,000 after buying an additional 1,099 shares during the last quarter. Smith Asset Management Group LP acquired a new position in Mastercard in the second quarter worth approximately $18,541,000. Keudell Morrison Wealth Management increased its holdings in Mastercard by 798.9% in the second quarter. Keudell Morrison Wealth Management now owns 13,807 shares of the credit services provider’s stock worth $3,652,000 after buying an additional 12,271 shares during the last quarter. Pictet Asset Management Ltd. increased its holdings in Mastercard by 1.1% in the second quarter. Pictet Asset Management Ltd. now owns 702,454 shares of the credit services provider’s stock worth $185,820,000 after buying an additional 7,600 shares during the last quarter. Finally, Lido Advisors LLC increased its holdings in Mastercard by 16.9% in the second quarter. Lido Advisors LLC now owns 3,177 shares of the credit services provider’s stock worth $840,000 after buying an additional 459 shares during the last quarter. Institutional investors own 73.84% of the company’s stock.

MA has been the topic of a number of research reports. ValuEngine downgraded Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Moffett Nathanson upped their target price on Mastercard from to and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Wells Fargo & Co upped their target price on Mastercard from $317.00 to $336.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. BMO Capital Markets upped their target price on Mastercard to $348.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. They noted that the move was a valuation call. Finally, Compass Point started coverage on Mastercard in a research report on Thursday, December 5th. They set a “buy” rating and a $330.00 target price for the company. Three investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. Mastercard presently has an average rating of “Buy” and an average price target of $313.73.

In related news, insider Michael Miebach sold 4,205 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $295.10, for a total value of $1,240,895.50. Following the completion of the transaction, the insider now directly owns 16,983 shares of the company’s stock, valued at $5,011,683.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Edward Grunde Mclaughlin sold 28,526 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $302.16, for a total value of $8,619,416.16. Following the completion of the transaction, the insider now directly owns 43,215 shares of the company’s stock, valued at $13,057,844.40. The disclosure for this sale can be found here. Insiders sold 129,108 shares of company stock valued at $36,637,812 over the last three months. 3.70% of the stock is owned by company insiders.

Shares of MA traded up $3.61 during mid-day trading on Wednesday, hitting $314.25. The company’s stock had a trading volume of 4,661,849 shares, compared to its average volume of 3,459,688. Mastercard Inc has a one year low of $196.50 and a one year high of $316.42. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market capitalization of $313.93 billion, a PE ratio of 48.42, a price-to-earnings-growth ratio of 2.16 and a beta of 1.03. The stock’s 50-day moving average is $297.37 and its two-hundred day moving average is $280.71.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.14. Mastercard had a return on equity of 146.92% and a net margin of 42.50%. The company had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.41 billion. During the same period in the prior year, the business earned $1.78 earnings per share. Mastercard’s revenue for the quarter was up 14.6% compared to the same quarter last year. Analysts expect that Mastercard Inc will post 7.69 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.51%. This is a boost from Mastercard’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, January 8th. Mastercard’s dividend payout ratio is currently 24.65%.

Mastercard declared that its Board of Directors has approved a stock repurchase program on Tuesday, December 3rd that permits the company to repurchase $8.00 billion in shares. This repurchase authorization permits the credit services provider to purchase up to 2.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Mastercard Company Profile

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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