Capital World Investors Sells 283 Shares of Mastercard Incorporated (NYSE:MA)

Capital World Investors decreased its position in Mastercard Incorporated (NYSE:MA) by 0.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,629,954 shares of the credit services provider’s stock after selling 283 shares during the quarter. Capital World Investors’ holdings in Mastercard were worth $2,437,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in MA. Principal Financial Group Inc. raised its stake in shares of Mastercard by 4.8% during the third quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock valued at $1,497,160,000 after acquiring an additional 138,842 shares during the last quarter. Passumpsic Savings Bank lifted its holdings in shares of Mastercard by 2.9% during the third quarter. Passumpsic Savings Bank now owns 4,990 shares of the credit services provider’s stock valued at $2,464,000 after purchasing an additional 139 shares during the last quarter. Advisory Resource Group boosted its holdings in Mastercard by 1.3% in the third quarter. Advisory Resource Group now owns 2,276 shares of the credit services provider’s stock worth $1,124,000 after acquiring an additional 29 shares in the last quarter. Virtu Financial LLC grew its position in Mastercard by 18.5% during the 3rd quarter. Virtu Financial LLC now owns 3,105 shares of the credit services provider’s stock valued at $1,533,000 after purchasing an additional 485 shares during the last quarter. Finally, SkyView Investment Advisors LLC increased its position in shares of Mastercard by 4.2% during the third quarter. SkyView Investment Advisors LLC now owns 5,035 shares of the credit services provider’s stock valued at $2,493,000 after acquiring an additional 203 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now directly owns 34,524 shares of the company’s stock, valued at approximately $18,459,292.32. This trade represents a 17.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael Miebach sold 15,775 shares of the stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the sale, the chief executive officer now directly owns 84,871 shares in the company, valued at $46,692,629.36. This represents a 15.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MA. Royal Bank of Canada lifted their target price on shares of Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Piper Sandler reaffirmed an “overweight” rating and issued a $635.00 target price (up previously from $591.00) on shares of Mastercard in a report on Friday, January 31st. DZ Bank raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price objective for the company in a report on Tuesday, February 4th. Evercore ISI started coverage on shares of Mastercard in a report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price objective for the company. Finally, Citigroup lifted their target price on Mastercard from $584.00 to $650.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $607.96.

Mastercard Stock Up 0.8 %

NYSE:MA opened at $517.46 on Friday. The company has a market cap of $471.77 billion, a price-to-earnings ratio of 37.25, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $582.23. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The stock has a fifty day simple moving average of $537.86 and a 200-day simple moving average of $528.79.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, topping analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. Analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

About Mastercard

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.