Mastercard Incorporated (NYSE:MA) Shares Bought by Westover Capital Advisors LLC

Westover Capital Advisors LLC lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 37.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,242 shares of the credit services provider’s stock after buying an additional 338 shares during the period. Westover Capital Advisors LLC’s holdings in Mastercard were worth $530,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MA. Activest Wealth Management lifted its stake in shares of Mastercard by 87.4% in the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after purchasing an additional 250 shares in the last quarter. Cross Staff Investments Inc lifted its position in Mastercard by 16.3% during the fourth quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock valued at $1,343,000 after buying an additional 441 shares in the last quarter. Everett Harris & Co. CA grew its stake in Mastercard by 0.5% during the fourth quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after buying an additional 252 shares during the period. Atlantic Union Bankshares Corp increased its position in shares of Mastercard by 23.9% in the fourth quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock worth $5,171,000 after acquiring an additional 2,337 shares in the last quarter. Finally, J.Safra Asset Management Corp raised its stake in shares of Mastercard by 7.2% in the 4th quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock valued at $209,000 after acquiring an additional 33 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Mastercard news, CMO Venkata R. Madabhushi sold 16,037 shares of Mastercard stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.94, for a total value of $7,632,649.78. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Michael Miebach sold 7,851 shares of Mastercard stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $475.92, for a total value of $3,736,447.92. Following the transaction, the chief executive officer now directly owns 47,640 shares of the company’s stock, valued at $22,672,828.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Venkata R. Madabhushi sold 16,037 shares of Mastercard stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.94, for a total value 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 467,088 shares of company stock valued at $215,249,338. 0.13% of the stock is owned by company insiders.

Mastercard Stock Performance

Mastercard stock traded down $1.73 during mid-day trading on Thursday, hitting $440.34. 2,717,795 shares of the company’s stock traded hands, compared to its average volume of 2,442,954. The firm has a 50 day simple moving average of $470.78 and a two-hundred day simple moving average of $437.42. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $410.79 billion, a price-to-earnings ratio of 37.36, a P/E/G ratio of 1.71 and a beta of 1.08. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The business’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.80 earnings per share. On average, research analysts expect that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced 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. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio is currently 22.32%.

Analyst Ratings Changes

MA has been the subject of a number of research reports. The Goldman Sachs Group upped their price target on shares of Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Oppenheimer reiterated an “outperform” rating and set a $510.00 target price on shares of Mastercard in a report on Thursday, February 1st. BMO Capital Markets boosted their price target on Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Morgan Stanley lowered their target price on Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Susquehanna restated a “positive” rating and issued a $535.00 price target on shares of Mastercard in a research note on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and an average target price of $493.55.

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.