Woodstock Corp Lowers Position in Mastercard Incorporated (NYSE:MA)

Woodstock Corp lessened its position in Mastercard Incorporated (NYSE:MA – Get Rating) by 5.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 859 shares of the credit services provider’s stock after selling 45 shares during the quarter. Woodstock Corp’s holdings in Mastercard were worth $299,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Craig Vosburg sold 6,333 shares of the company’s stock in a transaction that occurred on Thursday, January 12th. The stock was sold at an average price of $380.05, for a total transaction of $2,406,856.65. Following the sale, the insider now directly owns 41,314 shares in the company, valued at $15,701,385.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Craig Vosburg sold 6,333 shares of the company’s stock in a transaction that occurred on Thursday, January 12th. The stock was sold at an average price of $380.05, for a total transaction of $2,406,856.65. Following the transaction, the insider now owns 41,314 shares of the company’s stock, valued at $15,701,385.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Hai Ling sold 8,220 shares of the company’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $356.31, for a total value of $2,928,868.20. Following the transaction, the insider now directly owns 26,496 shares in the company, valued at approximately $9,440,789.76. The disclosure for this sale can be found here. Insiders have sold a total of 655,522 shares of company stock worth $242,724,561 over the last ninety days. Company insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

MA has been the subject of a number of research analyst reports. Truist Financial lifted their target price on Mastercard from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, January 20th. Deutsche Bank Aktiengesellschaft lifted their target price on Mastercard from $375.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, January 27th. Wolfe Research lifted their price objective on Mastercard from $395.00 to $415.00 in a report on Thursday, January 5th. JPMorgan Chase & Co. lifted their price objective on Mastercard from $395.00 to $452.00 and gave the stock an “overweight” rating in a report on Friday, January 27th. Finally, Jefferies Financial Group lifted their price objective on Mastercard from $370.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, January 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $413.41.

Mastercard Price Performance

NYSE:MA opened at $349.66 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.16. The company has a market capitalization of $333.31 billion, a P/E ratio of 34.21, a P/E/G ratio of 1.66 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 business’s 50-day moving average is $365.66 and its 200 day moving average is $340.32.

Mastercard (NYSE:MA – Get Rating) last posted its earnings results on Thursday, January 26th. The credit services provider reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. Mastercard had a return on equity of 158.38% and a net margin of 44.65%. The company had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $5.79 billion. During the same period in the previous year, the business earned $2.35 earnings per share. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. On average, equities research analysts forecast that Mastercard Incorporated will post 12.13 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

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.