Yousif Capital Management LLC Sells 3,864 Shares of Mastercard Incorporated (NYSE:MA)

Yousif Capital Management LLC lowered its stake in Mastercard Incorporated (NYSE:MA) by 3.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,059 shares of the credit services provider’s stock after selling 3,864 shares during the quarter. Mastercard comprises 0.6% of Yousif Capital Management LLC’s portfolio, making the stock its 19th biggest holding. Yousif Capital Management LLC’s holdings in Mastercard were worth $47,794,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. LFA Lugano Financial Advisors SA bought a new stake in Mastercard during the 4th quarter valued at approximately $27,000. Criterion Capital Advisors LLC bought a new stake in Mastercard during the 4th quarter valued at approximately $33,000. Barometer Capital Management Inc. bought a new stake in Mastercard during the 3rd quarter valued at approximately $36,000. Thomas J. Herzfeld Advisors Inc. raised its stake in Mastercard by 661.5% during the 3rd 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 period. Finally, JCIC Asset Management Inc. raised its stake in Mastercard by 34.0% during the 4th 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 period. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MA. Evercore ISI lifted their target price on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. KeyCorp raised their price target on Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Royal Bank of Canada lifted their target price on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. BMO Capital Markets boosted their price objective on Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, The Goldman Sachs Group lifted their target price on Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $490.23.

Insider Transactions at Mastercard

In other news, insider Craig Vosburg sold 13,542 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 46,491 shares in the company, valued at $21,388,649.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Craig Vosburg sold 13,542 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 46,491 shares of the company’s stock, valued at approximately $21,388,649.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $457.46, for a total value of $49,863,140.00. Following the completion of the transaction, the insider now directly owns 97,215,308 shares of the company’s stock, valued at approximately $44,472,114,797.68. The disclosure for this sale can be found here. Insiders have sold 257,630 shares of company stock worth $118,303,470 over the last quarter. 0.13% of the stock is currently owned by insiders.

Mastercard Stock Performance

Mastercard stock traded up $5.87 during trading hours on Tuesday, hitting $462.62. 2,027,850 shares of the stock traded hands, compared to its average volume of 2,400,298. 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’s 50 day moving average price is $471.71 and its 200-day moving average price is $435.26. The stock has a market capitalization of $431.57 billion, a price-to-earnings ratio of 39.11, a P/E/G ratio of 1.73 and a beta of 1.08. Mastercard Incorporated has a 1 year low of $357.85 and a 1 year high of $490.00.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The firm had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the prior year, the business earned $2.65 earnings per share. As a group, equities analysts expect that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be paid 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 payout ratio is 22.32%.

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.