Summit Global Investments Buys 533 Shares of Mastercard Incorporated (NYSE:MA)

Summit Global Investments increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 10.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,466 shares of the credit services provider’s stock after buying an additional 533 shares during the quarter. Summit Global Investments’ holdings in Mastercard were worth $2,331,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Aveo Capital Partners LLC increased its holdings in shares of Mastercard by 8.8% during the fourth quarter. Aveo Capital Partners LLC now owns 1,427 shares of the credit services provider’s stock worth $609,000 after buying an additional 116 shares in the last quarter. Westover Capital Advisors LLC increased its holdings in Mastercard by 37.4% during the 4th quarter. Westover Capital Advisors LLC now owns 1,242 shares of the credit services provider’s stock valued at $530,000 after purchasing an additional 338 shares in the last quarter. Intelligence Driven Advisers LLC raised its position in Mastercard by 45.8% in the 4th quarter. Intelligence Driven Advisers LLC now owns 2,878 shares of the credit services provider’s stock valued at $1,293,000 after purchasing an additional 904 shares during the last quarter. Doheny Asset Management CA acquired a new position in Mastercard in the fourth quarter worth $213,000. Finally, SRS Capital Advisors Inc. grew its holdings in shares of Mastercard by 2.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 5,793 shares of the credit services provider’s stock worth $2,471,000 after purchasing an additional 142 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Up 0.6 %

MA traded up $2.51 during trading on Friday, reaching $443.61. The company had a trading volume of 3,711,502 shares, compared to its average volume of 2,472,272. The company has a market cap of $413.84 billion, a P/E ratio of 35.26, a PEG ratio of 1.68 and a beta of 1.08. Mastercard Incorporated has a 12 month low of $357.85 and a 12 month high of $490.00. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.17. The business’s fifty day moving average price is $470.17 and its 200 day moving average price is $437.44.

Mastercard (NYSE:MA) last posted 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. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same period last year, the company earned $2.80 earnings per share. Mastercard’s quarterly revenue was up 10.4% on a year-over-year basis. Equities analysts anticipate that Mastercard Incorporated will post 14.32 EPS for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio (DPR) is currently 20.99%.

Analyst Ratings Changes

MA has been the topic of several research reports. Susquehanna reiterated a “positive” rating and set a $535.00 price target on shares of Mastercard in a research report on Wednesday, April 3rd. Mizuho reduced their target price on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research report on Thursday. Royal Bank of Canada raised 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. TD Cowen assumed coverage on Mastercard in a report on Thursday, April 11th. They set a “buy” rating and a $545.00 price objective on the stock. Finally, Morgan Stanley decreased their price objective on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research report on Thursday. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $493.55.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the transaction, the insider now directly owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the sale, the insider now directly owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the company’s 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 directly owns 12,255 shares in the company, valued at $5,832,644.70. The disclosure for this sale can be found here. Insiders sold a total of 583,088 shares of company stock worth $266,873,978 over the last quarter. 0.13% of the stock is currently owned by insiders.

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.