Mastercard Incorporated (NYSE:MA) Shares Acquired by Concord Wealth Partners

Concord Wealth Partners lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 24.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,394 shares of the credit services provider’s stock after buying an additional 667 shares during the quarter. Concord Wealth Partners’ holdings in Mastercard were worth $1,448,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. FAS Wealth Partners Inc. bought a new stake in Mastercard in the third quarter valued at $207,000. Toews Corp ADV bought a new stake in Mastercard in the third quarter valued at $752,000. First Pacific Financial bought a new stake in shares of Mastercard during the third quarter valued at about $86,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of Mastercard by 2.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 91,136 shares of the credit services provider’s stock valued at $36,082,000 after purchasing an additional 1,958 shares in the last quarter. Finally, Joel Isaacson & Co. LLC raised its stake in shares of Mastercard by 10.2% during the third quarter. Joel Isaacson & Co. LLC now owns 979 shares of the credit services provider’s stock valued at $387,000 after purchasing an additional 91 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity

In other news, insider Craig Vosburg sold 13,542 shares of Mastercard stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the completion of the sale, the insider now directly owns 46,491 shares in the company, valued at approximately $21,388,649.46. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Craig Vosburg sold 13,542 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $460.06, for a total value of $6,230,132.52. Following the completion of the sale, the insider now directly owns 46,491 shares in the company, valued at approximately $21,388,649.46. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the sale, the insider now owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The disclosure for this sale can be found here. Insiders sold a total of 480,630 shares of company stock worth $221,479,470 in the last three months. 0.13% of the stock is owned by insiders.

Mastercard Stock Down 1.4 %

NYSE:MA traded down $6.37 on Wednesday, hitting $444.83. 3,567,528 shares of the company’s stock traded hands, compared to its average volume of 2,421,036. 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 Incorporated has a 1 year low of $357.85 and a 1 year high of $490.00. The firm has a 50-day moving average price of $471.12 and a 200-day moving average price of $437.38. The company has a market cap of $414.98 billion, a PE ratio of 37.77, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.10. The business had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.46 billion. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. During the same period in the previous year, the company earned $2.65 EPS. Equities analysts anticipate that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders 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 annualized dividend and a dividend yield of 0.59%. Mastercard’s dividend payout ratio is 22.32%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MA shares. TD Cowen started coverage on shares of Mastercard in a research note on Thursday, April 11th. They set a “buy” rating and a $545.00 price objective on the stock. Susquehanna restated a “positive” rating and set a $535.00 price objective on shares of Mastercard in a research note on Wednesday, April 3rd. Raymond James lifted their target price on Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. KeyCorp lifted their target price on Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Finally, BMO Capital Markets lifted their target price on Mastercard from $480.00 to $490.00 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $490.23.

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.