Triangle Securities Wealth Management Has $490,000 Stock Position in Mastercard Incorporated (NYSE:MA)

Triangle Securities Wealth Management grew its holdings in shares of Mastercard Incorporated (NYSE:MA – Get Rating) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,410 shares of the credit services provider’s stock after buying an additional 37 shares during the quarter. Triangle Securities Wealth Management’s holdings in Mastercard were worth $490,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MA. Bornite Capital Management LP acquired a new position in shares of Mastercard during the first quarter valued at about $21,442,000. United Bank lifted its position in shares of Mastercard by 34.5% during the first quarter. United Bank now owns 6,007 shares of the credit services provider’s stock valued at $2,147,000 after purchasing an additional 1,541 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Mastercard by 30.1% during the first quarter. Mackenzie Financial Corp now owns 272,358 shares of the credit services provider’s stock valued at $97,335,000 after purchasing an additional 63,040 shares in the last quarter. First Western Trust Bank bought a new position in shares of Mastercard during the first quarter valued at about $1,168,000. Finally, Bridgewater Associates LP bought a new position in shares of Mastercard during the first quarter valued at about $12,926,000. 74.51% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Price Performance

Shares of NYSE:MA opened at $349.66 on Friday. The company has a 50 day moving average of $365.66 and a 200 day moving average of $340.41. The stock has a market cap of $333.31 billion, a P/E ratio of 34.21, a P/E/G ratio of 1.64 and a beta of 1.11. Mastercard Incorporated has a 12 month low of $276.87 and a 12 month high of $390.00. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.16.

Mastercard (NYSE:MA – Get Rating) last issued its quarterly earnings data on Thursday, January 26th. The credit services provider reported $2.65 EPS for the quarter, beating the consensus estimate of $2.56 by $0.09. The company had revenue of $5.82 billion during the quarter, compared to analysts’ expectations of $5.79 billion. Mastercard had a net margin of 44.65% and a return on equity of 158.38%. Mastercard’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.35 earnings per share. As a group, sell-side analysts forecast that Mastercard Incorporated will post 12.13 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 9th. Investors of record on Friday, April 7th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $2.28 annualized dividend and a yield of 0.65%. Mastercard’s dividend payout ratio is currently 22.31%.

Insider Activity at Mastercard

In related news, CEO Michael Miebach sold 17,052 shares of the business’s stock in a transaction that occurred on Friday, January 27th. The shares were sold at an average price of $376.43, for a total transaction of $6,418,884.36. Following the completion of the transaction, the chief executive officer now owns 35,544 shares of the company’s stock, valued at $13,379,827.92. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Mastercard news, CEO Michael Miebach sold 17,052 shares of the business’s stock in a transaction that occurred on Friday, January 27th. The shares were sold at an average price of $376.43, for a total value of $6,418,884.36. Following the completion of the transaction, the chief executive officer now owns 35,544 shares of the company’s stock, valued at approximately $13,379,827.92. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Hai Ling sold 8,220 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $356.31, for a total transaction of $2,928,868.20. Following the completion of the transaction, the insider now directly owns 26,496 shares of the company’s stock, valued at approximately $9,440,789.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 655,522 shares of company stock valued at $242,724,561. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MA shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Mastercard from $375.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, January 27th. Wells Fargo & Company raised their price target on shares of Mastercard from $365.00 to $405.00 and gave the company an “overweight” rating in a research report on Thursday, December 15th. Redburn Partners assumed coverage on shares of Mastercard in a research report on Tuesday, November 29th. They set a “neutral” rating on the stock. Susquehanna lifted their price objective on shares of Mastercard from $405.00 to $433.00 and gave the stock a “positive” rating in a research report on Friday, January 27th. Finally, UBS Group lowered their price objective on shares of Mastercard from $456.00 to $441.00 and set a “buy” rating on the stock in a research report on Thursday, December 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $413.41.

Mastercard Company Profile

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Mastercard, Inc is a technology company, which engages in the payments industry that connects consumers, financial institutions, merchants, governments, and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial, and payment programs. The company was founded in November 1966 and is headquartered in Purchase, NY.