Norinchukin Bank The Raises Stock Position in Mastercard Incorporated (NYSE:MA)

Norinchukin Bank The boosted its stake in Mastercard Incorporated (NYSE:MA) by 11.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,267 shares of the credit services provider’s stock after purchasing an additional 3,965 shares during the period. Norinchukin Bank The’s holdings in Mastercard were worth $20,677,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Ossiam increased its position in shares of Mastercard by 962.2% during the 4th quarter. Ossiam now owns 10,463 shares of the credit services provider’s stock valued at $5,510,000 after purchasing an additional 9,478 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in Mastercard by 82.6% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 298,239 shares of the credit services provider’s stock valued at $157,044,000 after buying an additional 134,880 shares during the period. Beck Mack & Oliver LLC increased its holdings in Mastercard by 0.7% during the fourth quarter. Beck Mack & Oliver LLC now owns 97,066 shares of the credit services provider’s stock valued at $51,112,000 after buying an additional 685 shares during the last quarter. BOS Asset Management LLC raised its position in Mastercard by 7.4% in the fourth quarter. BOS Asset Management LLC now owns 1,451 shares of the credit services provider’s stock worth $764,000 after acquiring an additional 100 shares during the period. Finally, Capital International Inc. CA boosted its stake in shares of Mastercard by 5.8% during the 4th quarter. Capital International Inc. CA now owns 180,494 shares of the credit services provider’s stock worth $95,043,000 after acquiring an additional 9,825 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Performance

Shares of NYSE:MA opened at $517.46 on Friday. The firm has a fifty day simple moving average of $537.86 and a two-hundred day simple moving average of $528.79. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The stock has a market capitalization of $471.77 billion, a P/E ratio of 37.25, a PEG ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $582.23.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, topping the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. On average, analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be issued a dividend of $0.76 per share. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.59%. Mastercard’s payout ratio is presently 21.89%.

Analyst Ratings Changes

A number of equities analysts recently commented on MA shares. Seaport Res Ptn cut Mastercard from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Evercore ISI began coverage on Mastercard in a research report on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price target for the company. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. Morgan Stanley reduced their target price on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, Macquarie lifted their price target on shares of Mastercard from $565.00 to $645.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Six 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 stock. According to data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $607.96.

Insider Buying and Selling

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