Mastercard Incorporated (NYSE:MA) Stake Lessened by Mogy Joel R Investment Counsel Inc.

Mogy Joel R Investment Counsel Inc. lessened its stake in Mastercard Incorporated (NYSE:MA) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,812 shares of the credit services provider’s stock after selling 898 shares during the period. Mastercard comprises about 1.2% of Mogy Joel R Investment Counsel Inc.’s investment portfolio, making the stock its 24th largest position. Mogy Joel R Investment Counsel Inc.’s holdings in Mastercard were worth $16,127,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MA. Royal Bank of Canada boosted their price target on shares of Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Evercore ISI boosted their price target on shares of Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. KeyCorp boosted their price target on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. TD Cowen began coverage on shares of Mastercard in a report on Thursday, April 11th. They set a “buy” rating and a $545.00 price target for the company. Finally, Oppenheimer reissued an “outperform” rating and set a $510.00 price target on shares of Mastercard in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $490.23.

Mastercard Trading Up 0.1 %

NYSE MA traded up $0.31 on Friday, hitting $462.42. 1,963,273 shares of the company were exchanged, compared to its average volume of 2,212,406. The company’s 50 day moving average price is $471.35 and its 200-day moving average price is $436.10. 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 firm has a market capitalization of $431.39 billion, a P/E ratio of 39.09, a price-to-earnings-growth ratio of 1.75 and a beta of 1.08. Mastercard Incorporated has a twelve month low of $357.85 and a twelve month high of $490.00.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.10. The firm had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. During the same quarter in the previous year, the company earned $2.65 EPS. Analysts predict that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm 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 $0.66 dividend. The ex-dividend date is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.57%. Mastercard’s dividend payout ratio is 22.32%.

Insider Activity

In related news, major shareholder Foundation Mastercard sold 111,000 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $457.15, for a total value of $50,743,650.00. Following the transaction, the insider now owns 97,432,308 shares in the company, valued at $44,541,179,602.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, major shareholder Foundation Mastercard sold 111,000 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $457.15, for a total value of $50,743,650.00. Following the transaction, the insider now owns 97,432,308 shares in the company, valued at $44,541,179,602.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was 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. Insiders have sold 366,630 shares of company stock worth $168,746,490 in the last 90 days. Company insiders own 0.13% of the company’s stock.

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.