TRUE Private Wealth Advisors Buys 24 Shares of Mastercard Incorporated (NYSE:MA)

TRUE Private Wealth Advisors increased its stake in Mastercard Incorporated (NYSE:MA) by 2.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,037 shares of the credit services provider’s stock after purchasing an additional 24 shares during the period. TRUE Private Wealth Advisors’ holdings in Mastercard were worth $442,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bornite Capital Management LP acquired a new position in Mastercard during the first quarter worth $21,442,000. United Bank grew its position 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 valued at $2,147,000 after acquiring an additional 1,541 shares during the period. Mackenzie Financial Corp raised 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 valued at $97,335,000 after purchasing an additional 63,040 shares during the period. First Western Trust Bank bought a new position in Mastercard during the first quarter worth about $1,168,000. Finally, Bridgewater Associates LP bought a new stake in Mastercard in the first quarter valued at approximately $12,926,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 200 shares of the business’s 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 transaction, the insider now directly owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CMO Venkata R. Madabhushi sold 16,037 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the sale, the chief marketing officer now directly owns 12,255 shares of the company’s stock, valued at $5,832,644.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the transaction, the insider now directly owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The disclosure for this sale can be found here. Insiders sold 41,728 shares of company stock valued at $19,479,753 in the last 90 days. Insiders own 0.13% of the company’s stock.

Mastercard Price Performance

MA opened at $460.07 on Thursday. The stock has a market capitalization of $429.19 billion, a P/E ratio of 38.89, a PEG ratio of 1.74 and a beta of 1.08. The stock has a 50-day moving average price of $471.83 and a 200-day moving average price of $433.21. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06. Mastercard Incorporated has a 12-month low of $357.85 and a 12-month high of $490.00.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The business had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.46 billion. During the same quarter last year, the firm earned $2.65 EPS. Equities analysts predict that Mastercard Incorporated will post 14.36 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a yield of 0.57%. Mastercard’s dividend payout ratio is presently 22.32%.

Analyst Ratings Changes

MA has been the subject of several research analyst reports. Wells Fargo & Company lifted their target price on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. BMO Capital Markets upped 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. Mizuho reissued a “buy” rating and issued a $480.00 target price on shares of Mastercard in a research report on Wednesday, March 27th. Royal Bank of Canada raised their price target on shares of Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, Raymond James boosted their price objective on shares of Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $490.23.

Mastercard Company 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.